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Key Flaws in New Regs

France’s new online casino gambling regulations are not at all the light at the end of the tunnel that foreign operators were hoping for when France announced that it planned to conform to European Commission requests and alter the monopolistic regulations that were previously in place. The actual drafting of these new regulations though is an entirely different matter, now that the French government has actually approved the new regulations they are currently with the European Union for review and final approval. The main argument though is that these new regulations, while allowing foreign online casinos into the market, places higher taxes on the foreign sites and still massively favour the state monopolies.

This is really the key flaw that the EU officials and the rest of Europe is finding fault with – the fact that foreign online casinos face so many taxes and additional loopholes that running a business within the French market will be incredibly tough for these companies. The French state monopoly though, Francaise de Jeux, will remain in a prime position within the market with special tax breaks and other incentives that ensure that the company can remain quite profitable.

The French gambling regulations are likely going to pass as they are because they do still open up the gambling market for foreign online casinos and allow a much more level playing field –though it’s certainly not level. There is some speculation that after a year or more the French officials may revise some of the tax constraints on the foreign operators –a thought though, certainly not a promise.