The Chairman of France's regulator disclosed some promising news about the regulated online gaming market in the country.
The gambling market saw a 4% rise in its gross gambling product of €10.1 billion in 2017.
According to Coppolani, the results "they reflect the dynamism of the authorized operators and account for the action determined by the regulator."
“It is up to the latter to make this market live because it is the most protective for the player. These results also show that regulation, as demanding as it may be, is not antithetical to growth and turnover,” he said. “But these same results immediately trigger a reflex of vigilance as balancing the health of the market with the health of the player is a delicate exercise. To preserve it, the ARJEL very carefully follows the evolution of average player spend. In 2017 this amount evolved little to reach €343, that is to say, 4.7 percent increase. Today, the growth of the market is essentially rooted in the recruitment of new players. There is indeed a growing craze for gambling. Driven by technological innovations, the renewal of the gambling offer tends to attract a younger clientele, imbued with video game codes.” he added.
Coppolani also noted, that the "risk of addiction is real and it must be contained.”
He believes, the legislative timescale is doesn't react quick enough, "in a sector where change is very fast."
In the recent past, we've witnessed some positive developments in the online gambling industry. In the recent past, we've witnessed some positive developments in the online gambling industry. PokerStars and Partypoker were the first two operators to get their license on the shared Spanish-French market, while Winamax has just joined them as the third competitor.
Regulated markets prove, that legalizing online gambling is a must and with proper legal regulation online poker is able to succeed.
source: g3newswire.com
The gambling market saw a 4% rise in its gross gambling product of €10.1 billion in 2017.
According to Coppolani, the results "they reflect the dynamism of the authorized operators and account for the action determined by the regulator."
“It is up to the latter to make this market live because it is the most protective for the player. These results also show that regulation, as demanding as it may be, is not antithetical to growth and turnover,” he said. “But these same results immediately trigger a reflex of vigilance as balancing the health of the market with the health of the player is a delicate exercise. To preserve it, the ARJEL very carefully follows the evolution of average player spend. In 2017 this amount evolved little to reach €343, that is to say, 4.7 percent increase. Today, the growth of the market is essentially rooted in the recruitment of new players. There is indeed a growing craze for gambling. Driven by technological innovations, the renewal of the gambling offer tends to attract a younger clientele, imbued with video game codes.” he added.
Coppolani also noted, that the "risk of addiction is real and it must be contained.”
He believes, the legislative timescale is doesn't react quick enough, "in a sector where change is very fast."
In the recent past, we've witnessed some positive developments in the online gambling industry. In the recent past, we've witnessed some positive developments in the online gambling industry. PokerStars and Partypoker were the first two operators to get their license on the shared Spanish-French market, while Winamax has just joined them as the third competitor.
Regulated markets prove, that legalizing online gambling is a must and with proper legal regulation online poker is able to succeed.
source: g3newswire.com
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