Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

French Betting Revamp Plans Delayed

Thursday, 9th October 2008

Meanwhile plans to open up the state-run betting market in France (which has been forced by European Commission competition intervention & would enable participation by overseas operators) "are not expected to be finalised until nearer the end of the year," reported racingpost.co.uk. Publication of proposals formulated by the French government "had been expected this month; however industry sources indicated that papers are still being prepared & may not be ready until just before Christmas". France-Galop president Edouard de Rothschild commented: "I remain confident that a controlled opening of the gambling market & on-line betting will be a positive development, so long as a certain number of prerequisites are respected to guarantee the racing sector a sustained financial return & the continuity of the pari-mutuel in horseracing." Rothschild added: "We are on the eve of major changes. Like the government, we consider that the upheavals brought about by the internet are inescapable & irreversible. Far from looking upon these changes as threats, we intend to put them to good use & see them as an historic opportunity for the racing sector to branch out into new markets, to enable it not only to maintain but to increase its own resources & develop even further the policy of excellence it has pursued over the past decades."

« Previous
Return to
9th October 2008 News
Next »