Illegal gambling in France surpasses regulated market

Earlier this week, the France's online gambling association L'Agiation Française Du Jeu En Ligne (AFJEL) warned of an increase in illegal gambling in France. According to the association, the amount of bets from members of the association for the Euro 2024 is significantly lower than the forecast before the opening of the tournament, indicating the rapid increase in illegal gambling.

The problem of illegal gambling has reached a critical point. By 2023, the number of illegal players will exceed 3 or 6 million, and will exceed 4 million in adjustable fields. Such events, especially in the French gambling regulatory authorities, L'Arautorite National des Jeux (ANJ), should be anxious, given that the tournament will be distributed for 1 billion euros. However, Afjel said only half of this amount was set.

"Despite the measures for regulatory authorities, the blocks of illegal venues have not yet worked." Nikolai Vero

The bet amount was only at the same level as the last European championship in 2021. After France lost in the second round, online bug McCar bet 343 million euros. Considering the retail network La Francaise des JEUX, the number increases to about 500 million euros. In the 2022 World Cup, when France advanced to the finals, 900 million euros were thrown.

Ineffectiveness of blocking illegal betting sites

For the first time since the illegal market was established in 2010, contact information was found because the illegal market has exceeded the license. According to PWC's report published in December 2023, illegal gambling accounted for about 10 % of the entire French market. Adjustable online casinos and high taxes are often mentioned as a problem that restricts the development of legal markets.

AFJEL pointed out that the EURO-2024 numbers followed the trends when the market was recognized in 2022 and 2023. In addition, the number of unique players decreased by 5, 3 %. The progress of this situation supports the fact that a large number of players have leaked into illegal markets, contrary to the European trends and the digitalization of this field, and the impact and danger. Cannot be accurately evaluated at this stage. < SPAN> Earlier this week, the France's online gambling association L'AGIATION Française Du Jeu En Ligne (AFJEL) warned of an increase in illegal gambling in France. According to the association, the amount of bets from members of the association for the Euro 2024 is significantly lower than the forecast before the opening of the tournament, indicating the rapid increase in illegal gambling.

The problem of illegal gambling has reached a critical point. By 2023, the number of illegal players will exceed 3 or 6 million, and will exceed 4 million in adjustable fields. Such events, especially in the French gambling regulatory authorities, L'Arautorite National des Jeux (ANJ), should be anxious, given that the tournament will be distributed for 1 billion euros. However, Afjel said only half of this amount was set.

"Despite the measures for regulatory authorities, the blocks of illegal venues have not yet worked." Nikolai Vero

ANJ figures suggest a thriving french market

The bet amount was only at the same level as the last European championship in 2021. After France lost in the second round, online bug McCar bet 343 million euros. Considering the retail network La Francaise des JEUX, the number increases to about 500 million euros. In the 2022 World Cup, when France advanced to the finals, 900 million euros were thrown.

For the first time since the illegal market was established in 2010, contact information was found because the illegal market has exceeded the license. According to PWC's report published in December 2023, illegal gambling accounted for about 10 % of the entire French market. Adjustable online casinos and high taxes are often mentioned as a problem that restricts the development of legal markets.

AFJEL pointed out that the EURO-2024 numbers followed the trends when the market was recognized in 2022 and 2023. In addition, the number of unique players decreased by 5, 3 %. The progress of this situation supports the fact that a large number of players have leaked into illegal markets, contrary to the European trends and the digitalization of this field, and the impact and danger. Cannot be accurately evaluated at this stage. Earlier this week, the France's online gambling association L'AGIATION Française Du Jeu En Ligne (AFJEL) warned of an increase in illegal gambling in France. According to the association, the amount of bets from members of the association for the Euro 2024 is significantly lower than the forecast before the opening of the tournament, indicating the rapid increase in illegal gambling.

The problem of illegal gambling has reached a critical point. By 2023, the number of illegal players will exceed 3 or 6 million, and will exceed 4 million in adjustable fields. Such events, especially in the French gambling regulatory authorities, L'Arautorite National des Jeux (ANJ), should be anxious, given that the tournament will be distributed for 1 billion euros. However, Afjel said only half of this amount was set.

Addressing issues of illegal gambling in France

"Despite the measures for regulatory authorities, the blocks of illegal venues have not yet worked." Nikolai Vero

The bet amount was only at the same level as the last European championship in 2021. After France lost in the second round, online bug McCar bet 343 million euros. Considering the retail network La Francaise des JEUX, the number increases to about 500 million euros. In the 2022 World Cup, when France advanced to the finals, 900 million euros were thrown.

For the first time since the illegal market was established in 2010, contact information was found because the illegal market has exceeded the license. According to PWC's report published in December 2023, illegal gambling accounted for about 10 % of the entire French market. Adjustable online casinos and high taxes are often mentioned as a problem that restricts the development of legal markets.

AFJEL pointed out that the EURO-2024 numbers followed the trends when the market was recognized in 2022 and 2023. In addition, the number of unique players decreased by 5, 3 %. The progress of this situation supports the fact that a large number of players have leaked into illegal markets, contrary to the European trends and the digitalization of this field, and the impact and danger. Cannot be accurately evaluated at this stage.

AFJEL president Nicolas Belleau (pictured above) expressed concern about the figures, saying they contradict the enthusiasm for online sports betting announced in the legal market. He argued that in terms of player protection, the league was a success for its members and the community as a whole, as participants acted within the ANJ guidelines and respected its obligations.

However, he warned that unlicensed operators act in complete ignorance and blocking illegal sites will not stop the growth of the illegal market. According to Belleau, "If Euro 2024 shows surprisingly poor results for licensed operators, the illegal market will continue to develop actively and distract players from legal sports betting."

Contrary to AFJEL's concerns, ANJ data shows that the French gaming market is booming, with gross gaming revenue (GGR) reaching a record high of 1. 34 billion euros (approx. £1. 16 billion / approx. $1. 43 billion) in 2023. Gaming revenues in France will grow by 3. 5% in 2023 compared to the 2022 figures, ANJ noted, with GGR increasing in all market segments in the country for the first time since 2019. However, ANJ also acknowledged that market growth is slower than the European average of 5. 5%.

Online sports betting revenues increased by 6. 4% year-on-year to 1. 5 billion euros, despite the absence of major sporting events. Sports betting accounted for 63. 3% of total online betting revenues, followed by poker at 21. 6% and horse racing at 15. 1%. Despite the increase in the total amount of online gambling, the number of unique players and the number of active accounts decreased by 7. 3% and 3. 9%, respectively.

The market is dominated by former gambling monopolies. Lottery and gambling giant La Française des Jeux (FDJ) and horse racing betting specialist Pari-Mutuel Urban (PMU) recorded growth in 2023, accounting for 62. 7% of total turnover in France. FDJ's growth in 2023 was driven by its point-of-sale sports betting and racing activities, which grew by 10. 4% in 2022. These activities accounted for 16. 2% of the FDJ group's full-year GGR, with a gross profit of €1. 1 billion. PMU also saw an increase in its gaming business, but this growth slowed compared to the previous year, resulting in a GGR of €1. 7 billion, only 1% higher than in 2022.

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This amazing environment has a difficult task in the French gambling industry. The legal gambling market is prosperous on the surface, but the main problem, the illegal gambling, has continued to increase, making it a major threat to the future industry. Effective measures to suppress illegal gambling and ensure legal market growth and sustainability are unprecedented.

UAE emerging casino market attracts Genting expansion

French authorities will have the opportunity to strengthen regulation measures to eradicate illegal gambling. This may include the enhancement of penalties for illegal gambling operators and individuals involved in illegal gambling businesses. Such situations will function as deterrence and help suppress the spread of illegal gambling.

The current measures to block illegal gambling sites seem to be ineffective. Therefore, it is necessary to invest in advanced technology and cooperation with Internet service providers. Such cooperation may improve the detection and block of illegal gambling sites, which may make it more difficult for players to access illegal gambling platforms.

One of the factors that players use illegal websites is that there is no regulated online casino. By legalizing as many online gambling as possible, these players can return to the legal market. This movement not only gives players more opportunities, but also increases the interests from legal markets.

High taxes are often listed as legal markets. Reviewing the current tax system is an opportunity to make the legal market more attractive for both businesses and players. By reducing taxes, more players may enter the market and more players may choose legal gambling.

By providing reliable protection measures for players by legal operators, you can build trust between players and deter access to illegal websites. Such measures include setting the bet, providing a form of sel f-exclusion, and relocating resources to a problematic gambler.

The government and legal businesses are in a position to cooperate in the enlightenment campaign. Through these campaigns, the people can get the opportunity to recognize the dangers of illegal gambling and the advantage of using legal means. Increasing awareness leads to reducing players who choose illegal gambling.

Lim Kok Thay pointed out that a single casino in the Middle East may be unlikely, but GENTING is interested in a wide range of opportunities to develop integrated resorts (IR) in the area. He emphasized that Gentin Singapore, a member of the Gentin Group, will use a wealth of experience in no n-gaming services as part of the possibility of entering new markets such as UAE and Thailand. The introduction of a casino is a major turning point for the UAE, which is the foundation of the Islamic Law (Sharia Law). Gambling is strictly forbidden in the Shalia method, and offenders are imposed on penalties such as fines and up to two years of prison.

SiGMA East Europe Summit powered by Soft2Bet, happening in Budapest from 2 – 4 September.

The casino market boom in the UAE

Golden Triangle raid sees hundreds arrested in Laos

The Emirates of Abu Dhabi and the Ras Al Heima Emirates have recently been named as a leading candidate for opening a casino, suppressing Dubai, which has decided to cancel all the immediate plans for gambling development. One of the areas of Abu Dhabi is Yasu Island, famous for attractions such as Yas Marina F1 Circuit, Ferrari World, Warner Brothers Theme Park, and an area near the city's port.

Las Vegas, a major Las Vegas, will start the construction of a $ 3. 9 billio n-scale integrated resort last year and will open in Ras Al Heima in 2027. Win has confirmed that the resort contains "gaming" elements, but the Ras Al Heima government has not yet shown specific details about the nature of these gaming facilities. < SPAN>

Lim Kok Thay pointed out that a single casino in the Middle East may be unlikely, but GENTING is interested in a wide range of opportunities to develop integrated resorts (IR) in the area. He emphasized that Gentin Singapore, a member of the Gentin Group, will use a wealth of experience in no n-gaming services as part of the possibility of entering new markets such as UAE and Thailand. The introduction of a casino is a major turning point for the UAE, which is the foundation of the Islamic Law (Sharia Law). Gambling is strictly forbidden in the Shalia method, and offenders are imposed on penalties such as fines and up to two years of prison.

The casino market boom in the UAE

The Emirates of Abu Dhabi and the Ras Al Heima Emirates have recently been named as a leading candidate for opening a casino, suppressing Dubai, which has decided to cancel all the immediate plans for gambling development. One of the areas of Abu Dhabi is Yasu Island, famous for attractions such as Yas Marina F1 Circuit, Ferrari World, Warner Brothers Theme Park, and an area near the city's port.

Las Vegas, a major Las Vegas, will start the construction of a $ 3. 9 billio n-scale integrated resort last year and will open in Ras Al Heima in 2027. Win has confirmed that the resort contains "gaming" elements, but the Ras Al Heima government has not yet shown specific details about the nature of these gaming facilities.

Lim Kok Thay pointed out that a single casino in the Middle East may be unlikely, but GENTING is interested in a wide range of opportunities to develop integrated resorts (IR) in the area. He emphasized that Gentin Singapore, a member of the Gentin Group, will use a wealth of experience in no n-gaming services as part of the possibility of entering new markets such as UAE and Thailand. The introduction of a casino is a major turning point for the UAE, which is the foundation of the Islamic Law (Sharia Law). Gambling is strictly forbidden in the Shalia method, and offenders are imposed on penalties such as fines and up to two years of prison.

The casino market boom in the UAE

The Emirates of Abu Dhabi and the Ras Al Heima Emirates have recently been named as a leading candidate for opening a casino, suppressing Dubai, which has decided to cancel all the immediate plans for gambling development. One of the areas of Abu Dhabi is Yasu Island, famous for attractions such as Yas Marina F1 Circuit, Ferrari World, Warner Brothers Theme Park, and an area near the city's port.

Las Vegas, a major Las Vegas, will start the construction of a $ 3. 9 billio n-scale integrated resort last year and will open in Ras Al Heima in 2027. Win has confirmed that the resort contains "gaming" elements, but the Ras Al Heima government has not yet shown specific details about the nature of these gaming facilities.

A rapidly growing UAE Casino Bazaar has the potential to overtake Singapore in the salvation scale.

As a whole, the fact that GENTING GROUP is looking forward to the potential for the development of casino resort in UAE suggests that the country's legislative and regulatory environments are likely to change the local gaming landscape. I'm doing it.

26-08-2024 03:40:56