The market has only just recently opened to operators of foreign-based sports betting and online casinos in France thanks to new French gambling laws, but after two weeks of doing business there at least one gaming provider is willing to call the new regime an unequivocal success.
Nicolas Beraud, chief executive officer of Mangas Gaming, reported on Tuesday that his company’s sportsbook website BetClic has “broken all its records in France since being licensed to offer sports betting into the market.”
While also urging a bit of calm at the early results, which are surely somewhat skewed thanks to heavy World Cup-related betting, Beraud and Mangas were buoyed by recently released projections from data managers H2 Gambling Capital showing that regulation of online gambling in Europe can increase a given country’s overall market size by up to three times.
Beraud also noted, as have other companies, that the French gambling market “would not be profitable for two years due to the very high tax rates on e-gaming revenue.” Beyond the World Cup, Beraud stated that the French market has exploded in June because some punters “until now didn’t want to play because it was thought that it was illegal to play on the internet.”
Beraud forecasted that the next European nations to regulate in the French model would be Denmark, Germany and Spain.