Jake Pollard reports that an amendment introduced over the weekend will kick off the regulatory process that could see the last major western European market regulate its online casino sector.
The French government introduced an amendment over the weekend to regulate online casino and has set in motion the process that could see France become a regulated iCasino market, but the regulatory format that has been outlined has led the country’s land-based casinos to say that it is “tantamount to signing their death warrant”.
The amendment paves the way for the legalisation of the vertical, which stakeholders have been calling for for many years, and, if passed, would see France become the last major western European market to host a legal and licensed online casino sector.
With new Prime Minister Michel Barnier seeking to raise revenues to address the country’s debt levels, which currently stand at 112% of its gross domestic product while its public deficit is at 5.5% of GD..
