UK Bookmaker William Hill said Wednesday that it is in the process of withdrawing from the French market following introduction of new online gaming laws, adding that the move is not expected to materially impact earnings in 2010.
Legal & Regulatory News
Alabama's Supreme Court has ruled that the state's attorney general cannot take control over Governor Bob Riley's anti-gambling task force, providing a boost to the Governor's fight to shut down electronic bingo casinos within the state.
Following the publication of online gaming specifications Tuesday in the French Republic's Official Journal, France's PMU wasted little time in submitting its 7,000 page application for an online sports betting licence.
Acting on information gathered from the Europe-wide betting probe into match-fixing by German authorities last year, Switzerland's Football Association has suspended nine football players from the Swiss league for at least one year for alleged match-fixing, with five players suspended indefinitely.
Stanleybet has launched a compensation claim for €1.5bn against the Italian Government for direct and reputational damages over an eight-year period during which the company's access to the Italian market was continuously challenged by measures of Parliament, the Administration and the Judiciary.
New Hampshire's Gaming Study Commission has released its final report on expanded gambling and its likely impact on the state, finding that the state would benefit by an estimated $89m per year from the opening of a gaming facility, despite social costs of $60m per year, while also creating over 2,000 new jobs for state residents.
The Government of the Australian State of Victoria is facing criticism following last week's auction of gaming machine entitlements which raised close to AUD$1.0bn for the state, ending Tabcorp and Tatts' control of the Victorian pokies market.
Following a number of hearings and a public consultation which concluded earlier this month, France's broadcast regulator Conseil supérieur de l'audiovisuel (CSA) yesterday presented its framework for online gambling operators to advertise their services on French television and radio, with restrictions only on programmes aimed towards children and young persons.
Online betting exchange Betfair has voiced criticism of France's new online gambling regulations having been forced this week to stop accepting bets from French customers, with the company now considering its future in the market.
Rep. Barney Frank said Wednesday that he intends to put his online gambling regulation bill before members of the House Financial Services Committee in July, despite ongoing opposition at a federal level.
A number of bills currently before the State Senate, including two approved yesterday by the State Government, Wagering, Tourism and Historic Preservation Committee, could if successful combine to make New Jersey the most coveted U.S. licensing jurisdiction for land-based and online gaming operators alike.