The agreement states following a transitional period that ends on January 1st, they lose the use of Eurosportbet and Eurosportpoker acquired from Solfive.
Intralot is bidding the French market adieu with ARJEL accepting their request to repeal a sports betting license with four years left to run. The Greek firm was awarded a five-year license with the option of an extension and it was a widely held thought they’d apply for further licenses. It comes after a disappointing set of Q3 figures that they blamed on having to raise payouts in order to attract punters.
Online sports betting purveyor France Pari is taking struggling horse wagering site BetNet.fr under its wing. Customers of the site, which was declared bankrupt, will transfer over to a new platform launching on Thursday. Patrick Barbe, president of BetNet.fr told Les Echos that “overwhelming competition” was to blame and the fact they’re not allowed to advertise at tracks hurt them a great deal.