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Industry
November 22, 2024
France Approves Tax Hikes, Gambling Affected
On November 21, the French Senate approved tax hikes across a variety of industries, including gambling. While the country was indecisive about a gambling tax hike earlier this year, it seems like it will be happening after all. The tax changes are a part of the final version of France’s social security budget and align […]
Industry
November 7, 2024
ANJ Could Hit Polymarket with Ban Over Gambling Concerns
Popular prediction market platform Polymarket could be facing a potential ban in France amid gambling concerns. L’Autorité Nationale des Jeux (ANJ), France’s National Gambling Authority, which is responsible for regulating all forms of gambling within the country, has also raised legal concerns over Polymarket as significant bets on political outcomes have put the platform under […]
Sports
November 7, 2024
Gambling Tax Plans Lead to Cancellations of Horse Races in France
Late last month, politicians in France decided against the legalization of online gambling amid economic concerns. While iGaming is off the table, at least for now, the horse racing sector was alarmed by an amendment in the proposed 2025 budget that called for increases in gambling taxes. Gambling Tax Hike Results in Protests The budget […]
Industry
November 6, 2024
France Initiates iCasino Talks with Industry Stakeholders
At the end of October, we reported on France’s Minister Delegate for the Budget and Public Accounts announcement the government would no longer consider the legalization of iGaming, with lawmakers taking a stake back in light of economic concerns. France and Cyprus are the only EU member states that continue to prohibit iGaming. Now, roughly […]
Sports
October 31, 2024
FDJ’s Exclusivity on Lottery, Betting Not Violation of EU Law
The European Union’s executive body, the European Commission, said on Thursday that it has concluded an investigation into Française des Jeux (FDJ), France’s largest gambling company, which recently grabbed headlines for its multi-billion acquisition of Kindred Group, another European sector giant. Four-Year Investigation Finds FDJ to Operate Within Legal Limits The commission was looking into […]
Industry
October 29, 2024
France Decides Against iGaming Amid Economic Concerns
The French government was mulling over the legalization of iGaming. However, lawmakers have now taken a stake back amid certain economic concerns. France Drops Its iGaming Plans, for Now Last week, reports said that PM Michel Barnier’s government was seeking to regulate the iGaming sector in hopes of gaining the upper hand in the war […]
Casino
October 23, 2024
France Seeks to Launch Online Casinos in 2025
According to a report by France 24, a popular French media outlet, Prime Minister Michel Barnier’s government is seeking to regulate the iGaming sector, effectively bringing online casinos to the country. France’s New Prime Minister Wastes No Time in Pitching Online Casino Legalization This happens in the context of several important details. First, the brick-and-mortar […]
Business
October 17, 2024
Kindred Publishes Financial Update as Part of FDJ’s Takeover
Online gaming operator Kindred Group, has published a new financial update as part of its tender offer by the French national lottery operator La Française des Jeux (FDJ). Kindred is set to publish its full report on October 25. The Results Are in Line with Earlier Projections Kindred noted that the publication of its unaudited […]
Business
October 15, 2024
Kindred Restructures Its Board Following FDJ’s Takeover
Kindred Group announced major changes to its board of directors following its takeover by La Française des Jeux (FDJ). The historic deal, which cemented FDJ as one of Europe’s biggest gambling companies, led to significant restructuring for Kindred. Kindred Unveils New Board Lineup According to Kindred’s announcement, several directors, including James H. Gemmel, Cédric Boireau, […]
Industry
October 14, 2024
France’s Gambling Tax Remains Unchanged for Now
France was reportedly mulling over following in the footsteps of other markets and increasing its gambling tax further. While this didn’t happen, the industry is not completely out of danger yet. The Latest Bill Did Not Include a Tax Hike Proposal Financial expert Les Echos had suggested that the 2025 Social Security Financing Bill would […]