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French gambling industry
 October 29, 2008, 7:53 am (3 years ago)French gambling industry senior managers and other parties interested in the possible rulings on Internet gambling in France gathered last week in Paris to talk about issues and take note of the newest progress report from French government officials in charge of driving the project and drafting proposed rules. The gathering drew some 400 delegates - double the number of those who participated a related event last year, showing increasing attention in the future regulatory and tax regime in a rough financial situation.
French government officials informed the gathering that they were on course to put forward the first draft of a sports betting licensing plan at the end of 2008. Tax levels have yet to be clarified in spite of extensive conjecture that a 14 % rate based on income might be applied - not a popular number with a lot of operators who draw an important difference between turnover and gross win.
Representatives of major French land gambling groups such as Partouche and Barriere showed irritation at the probability of being incapable of providing Internet gambling in competition with EU-based competitors and the state monopolies Francaise des Jeux and Pari Mutuel Urbain, and gave notice that they would lobby the French government for the right to compete.
Tags: French, gambling, industry, senior, managers, and, other, parties, interested, in, the, possible, rulings, on, Internet, gambling, in, FranceAutomatic Translation
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