Cake Poker Network Exits French Jurisdiction

Published Friday, April 09, 2010 - Online-Casinos.com

The Cake Network is a Dutch Antilles based online poker network, in the top ten in the online poker sector. Cake Network is owned by it's parent company Cake Gaming N.V. and is hosted by Cyberluck, a Curacao based Regulating and Gaming Licensing & Hosting provider also licensed in the jurisdiction of the Netherlands Antilles. Other network partners include Sportsbook.com, Red Star Poker and BetUS with the Cake Network currently is at 35 partners including the well attended, Doyles Room which just came on board in 2009. Cake Poker has recently announced that the network would be dropping all players residing in France. This includes every site on the Cake Network such as Doyles Room, the Greek, Sports Interaction, Power Poker and many more casinos and sports books that use the casino or poker platform. Cake has responded with a statement “Due to new French legislation, players in France will not be able to play for real money from April 9th. Players will of course be able to access the Cashier after April 9th so that they can withdraw their funds. We are looking into obtaining the relevant licenses to adhere to the new legislation as a matter of priority and once the circumstances change, we will be in contact to let all players concerned know. We do hope to welcome French players back to our software soon. I apologize for the inconvenience caused.”Basically this looks like a reshuffling of the deck in the French online gambling market. As France becomes a regulated environment for online gambling companies those that want to get a piece of the action are attempting to comply with the new rules set out for the industry there. France is requesting all gambling sites that want to accept players from France to apply and obtain a proper licence. Newly entered text in the law is asking for French players who wish to play at a gambling site, must sign up at the site, only after the site has been licensed by the government. A finalized version of the wording of the law, has gone through the Nation Assembly with approval and will be reviewed by the European Commission before getting the signature of approval from the President at the end of April 2010.

 

 

 

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