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The AFJEL released a report on online gaming business - France
The association of internet-based gambling operators in France, AFJEL, recently released a balance sheet relating Frances online gaming market. It actually took stock of five years operation since the industry was first regulated. The association of 6 legit gaming operators highlighted through the report that their association holds an important place in the dynamism of online gaming in the country. Recall that AFJEL focuses its objective on fostering fair and competitive market. The group now owns 13 licenses of the 31 still operational across France. The first chapter of the report underlined a positive observation. It boasts the tremendous efforts made by operators in terms of underage gambling control and problem gambling prevention. The report also highlights the operators strong commitment to security, with a special mention to Frances gaming regulatory body and its contribution to the development of online gambling sector. At the same time, the balance sheet pointed out some negative sides in the current legislation ruling online gambling businesses.
Part of them is the unsuccessful initiative to cope with illegal gambling operation, particularly on online poker market and the balance of activities. According to AFJEL, Frances poker market is experienced a downswing for nearly three years now due to inadequate taxation and lack of liquidity. Worse, many players still join clandestine gambling platforms. The same report showed that the tax figure imposed in online gambling activities are far too high at 46.30% of GGR (Gross Gaming Revenue) while in England, it is set to 15%, and in Italy and Spain, about 25%. For a much favorable legal framework, the AFJEL asks the governing regulatory body to revisit the current legislation. The association expects a decision that will legalize online casino operation and a favorable taxation scheme.
Source: Jack SMITH
Friday, 12 June 2015
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