Ssports-betting regulated by French govenment

According to the Reuters news agency, French Budget Minister Eric Woerth made a statement at the Palais Omnisports de Bercy in Paris, where he was given the information about the agreements to battle betting made by the French Tennis Federation (FFT) throughout the Masters Series, that legislation and rules on Internet sports betting are anticipated to be in position by "the end of 2009-beginning of 2010."
Woerth explained that drafting was more or less done, and the anticipated bill would be appealed to the French Council of Ministers previous to the end of 2008.

"It is going to be examined by the National Assembly and the Senate throughout 2009 and we are going to be set by the end of 2009 or the beginning of 2010," the Minister stated.

The bill has not yet been presented to the Brussels (EU) Commission, which had earlier asked France to adjust its existing and exclusive legislation on the fields that French controls on competition aren’t well-matched with EU law, and that France has not indicated the "essential, suitable and non-prejudiced" measures taken to limit the free stipulation of sports betting.

Woerth highlighted, however that the adjustments were not being conducted consequently to EU pressure: "I don’t do this since Brussels has asked for it. I do it since it is essential since these bets will be present anyway and it is better being managed," he explained. Sporting bodies are anticipated to play an important part in the on the whole organization and to profit monetarily from online sports betting events, and the French authorities also plan to inflict naming and copyright legislation on the utilization of their sporting events’ names and logos.

Last year, main tennis competitions in Paris saw the amounts in the balance in online gambling on matches at Bercy comes to Euros 250 million, and the authorities are following 150 sites. "This year we are by now at Euro130 million and this should go beyond Euro 300 million by the end of the week," explained Christian Bоmes, president of the FFT and vice-president of the French National Olympic and Sports organization.

Casino News: Ssports-betting regulated by French govenment

Ssports-betting regulated by French govenment