BUSINESS

France passes law to ‘open’ online gambling market

TAGs: online gambling bill passes

SarkozyBruniFrance’s National Assembly has passed a bill ostensibly designed to end state monopolies on online gambling and allow privately held companies to take bets from French citizens on sports, poker and horse racing. However, many of these same companies are decrying the fact that existing French monopolies PMU and FDJ will still command dominant positions under the new regime, which now only requires rubber stamping by the EU and France’s Supreme Court to take effect. In other words, the French market will not truly be as open as, say, President Sarkozy’s marriage to Carla Bruni? Read more.

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