France pushes to keep large profits from offshore gambling companies
The stubborn move is unlikely to go down well with other European nations and casino operators, who will struggle to attract French customers with these non-competitive rates.
The French Budget Minister, Eric Woerth, presented his draught law for the relaxing of gambling laws in France this week. The country has been reluctant to open its borders to off-shore gambling, but have been forced to under EU law.
There is also plans to make operators pay French sporting governing bodies for the right to offer betting markets on their events, which is something the European Gaming and Betting Association sees as becoming problematic. The idea is that the money generated will help protect the integrity of sport in France, but critics see it as another way of taxing operators who attract French customers.
The French market is supposedly meant to be opening in early 2010, but ammendments to the latest draught law may push that back to a later date.
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