France’s love affair with online gambling hasn’t been the smoothest relationship. Heavy taxes and a crowded market have made operating and iGaming business in the country a bit of a challenge, yet the financial rewards tend to be worth all of the bullshit one must go through just to get their company going. Yet French Television giant TF1 has had just about enough of that noise, as news is surfacing that the network plans to shut down its online gambling operations later this year.
TF1, the French equivalent of basic cable dumping grounds like TBS, TNT and the USA network, owns and operate sports betting mainstay Eurosportsbet. Yet sources close to the company are claiming that that relationship may be short lived, and rumors of a sale are beginning to swirl.
“Eurosportbet results are not ridiculous, mostly regarding poker, but the business is not satisfactory enough,” remarked TF1 CEO Nonce Paolini at a recent press conference. “If a takeover bid comes up, we will study it.”
Analysts believe that Eurosportbet is another victim of France’s insanely high gaming taxes, which have made it tough for even the largest corporations to keep afloat.