The French government announced earlier this week that it is planning to license and regulate the online gambling and gaming market. In this way it can provide a safer and more responsible gambling environment for all of its citizens.
Licensing & Regulating
The plan to regulate the online gambling market comes as a reaction to the demand of the European Union that the country should comply with European laws of free competition.
French Budget Minister Eric Woerth stated Wednesday that instead of banning the multitude of gambling sites, licenses will be granted to those that provide socially responsible online gambling services.
Smart Bet
In this way the French citizens will benefit of the increased security and transparency of the online gambling market, while the French government can levy taxes on the revenues of these companies. Earlier on we already saw that a similar move of the US government could net US tax authorities a stunning $52 billion.
Once the necessary legislation is in place The French government will start to levy taxes on the revenues of both online poker rooms and casino operators. Poker room revenues will be taxed at 2%, while the online casinos will face a tax rate of 7.5%.
Popular Europe Casinos
So on a very short-term companies like Europa Casino and Casino Tropez, both heavily popular in Europe as a well as the rest of the world, might enter the regulated French market to even better cater to the needs of the French gambling aficionados.
