Opening Up the Online Gambling Industry in France

The online gambling scene in France is on the verge of changing irrevocably with the imminent enactment of a new legislation inspired in part from the successful example of the UK and other European countries. It remains a vastly untapped potential for online gambling operators. The liberalisation of the market, which up until now has been controlled by the monopoly of the state-owned Française des Jeux, is under intense scrutiny from the European Commission while at the same time preparing itself for the fast-paced environment of the online gambling world in which operators are already active offering an ever-growing choice of games of chance to the willing French consumer.In this article I will attempt to cover the key points of the emerging French Gaming Law (which remains to be finalised) by looking at its viability with regards to tax and licensing regimes and how it will affect foreign entrants to the market.In the interest of the consumers, an essential element of this legislation aims to prevent addiction by fixing limits on wagers and winnings that may be placed or received by punters. With this in mind, operators will be obliged to include warnings about underage playing and the potential risks of excessive gambling.The opening of the market will encompass horse race and sports betting and shared games of skill, involving the ability of the player to improve his or her chances by adopting a certain strategy in relation to their opponents – such as online poker. Hence, lotteries, online slot machines, betting exchanges and casino games involving playing the bank (blackjack and roulette for example) will be excluded from the opening as they are considered too addictive.A new independent public authority, ARJEL (Games Regulations Authority) will be set up specifically to regulate the remote gambling market, responsible for:· Ensuring compliance with policy objectives regarding internet accessible games.· Suggesting to government specific requirements for different types of licences available.· Preparing and attributing online gambling operator licence requests.· Monitoring online operations and clamping down on illegal gambling sites and fraud.ARJEL will be empowered to block access to such websites through a direct injunction to Internet Service Providers and block such financial transactions.· Enacting auditing rules concerning technical and financial data for each transaction.· Making suggestions to Government on legislative and regulatory issues.· All operators shall be required to provide information and guarantees as to their identification, gambling experience, shareholding, measures taken to prevent fraud and money laundering, secure online payment and protection of data and minors.· Licences will be granted to operators within Member States of the EU or ECC. Any of these whose headquarters or shareholders are based in so called non co-operative tax havens shall be refused licences to offer their services in France.· Online gambling internet websites must be accessible through a first level domain name ending in “.fr”.· A mirror server, based in France, shall contain all data relative to gambling activities and exchanges between players and operators.· Licences shall be granted for five-year renewable periods and shall be non-transferable.· The tax rate will be based on amounts wagered by players, according to the following:8.5% – Sports betting15.5% – Horse race betting2% – Online pokerSuch taxation based purely on wagers rather than gaming gross revenue is less well suited in the case of poker operators for example, for whom 2% tax on wagers would equate to taxing approximately 60% of gross revenue. This could put operators off entering the market, as well as go against EU regulations of freedom to provide services. However on the whole, France should remain attractive despite the proposed tax regime that might be an obstacle to foreign online gambling operators seeking to enter the French market.With the implementation of the Draft French Gaming Law, the ARJEL will need a further few months to be efficient and begin granting licenses. According to Senior Government Officials, France will not start granting online betting licenses at the beginning of 2010 as initially thought. Partly as a result of the detailed opinion of the Commission rendered on June 8th, 2009, the Draft French Gaming Law will most likely not be implemented as from January 1st, 2010. In any event, it should be in place for the kick-off of the World Football Cup in South Africa at the latest.Allez les Bleus!

Psychological Reasons For Gambling

Gambling perhaps can be regarded as the second oldest profession known to mankind. Apart from the primitive urges that drove the apes throughout in their evolution routine, an innate desire to take risks and emerge out a champion among their folks was the one quality that curtailed the herd psyche and made Homo sapiens the front runners in the battle of survival. This attraction towards unknown and stuff whose outcome was beyond the controls of physical and mental prowess laid the foundation of our science, religion, mythology, theology and most of the knowledge that went on to become hallmark of our species. After all weren’t Adam and Eve gambling with destiny and order of Lord when they took the bite of the forbidden fruit? Behold! The way their gamble has paid off…The attraction towards the game of chance is thus something that has been hard-wired in our psyche. The reasons for it can be attributed to our ancestors, right up there in pre-historic era, who were always fighting some odd or the other. Their beating these odds was the key to their survival and that of their race. Cut to the 21st century. Gambling today is a multi-billion dollar industry that thrives on the passion and addiction of a modern day gambler who is always “nearly missing” hitting the ever-elusive jackpot. What compels a hard-nosed business man or an executive with fancy degrees; a testimony to the intelligence and rationale that has guided them in all aspects of their lives; to blow away their hard earned money in a single night in an obscene casino, makes for an interesting study shedding light on the motives and desires of a mind that always lives on the edge.First of all we should understand that all gamblers do not fit into stereotype images that other non-gamblers have of them. Here we are referring to both the stereotypes that sit on the opposite end of the spectrum. One is of a suave, sophisticated, ladies man, who knows his wine and always has three aces up his sleeve: an image that is reinforced through James Bond like characters that make gambling oh-so-glamorous and sexed up. On the other end exists the poor cousin of this good-looking-devil. He is a social rot -famished, on drugs, stealing, fighting; all for the sake of gambling. He has gotten so addicted to it that his existence is endangered and he is a menace to his society and family. Thankfully our real life gambler is somewhere in the middle of this spectrum.In real life the gambling fraternity can be divided into three broad classes each having their own sets of motives and reasons. These are:1) Casual Gamblers or Low Risk Gamblers:This is a category of persons who take gambling for what it is, a sport. These are the people who will play a card game on special occasions, bet on horse races as part of a social event, and place a wager with their cousins who are equally passionate about the outcome of Euro Cup. For them gambling is just one of the skills that are necessary to establish that they are persons of the world. Since their societal circle demands this or they get thrills out of this they indulge in gambling. The most important thing though is that they always play with the surplus they are having and know when to draw the line as to when to get up and go on with life.2) Habitual Gamblers or Problem Gamblers:This category consists of people for whom gambling has graduated from being a time pass activity to serious business. For them it has become a habit that can not be kicked off easily for they indulge in gambling for the sake of gambling. The reason why habitual gamblers are categorized as problem gambler because gambling as a habit per se is surely a serious issue for any individual unless he is on a continuous winning streak.3) Pathological Gamblers:This is the category that probably consists of the persons who are reasons for the second stereotype mentioned above. Pathological is defined in psychological parlance as a compulsion characterized by an ability to resist overwhelming and irrational desires. Thus pathological gamblers are those who are irrationally attracted to gambling and have lost the power of judgment as to when its time for them to call it a day. Just like a drug addict gambling becomes the centre of their existence overriding any moral, ethical, economical or social arguments against it. They often have other behavior disorders afflicting their personality – a situation termed as Co-morbidity. People falling in this category need strong help to drive them out of this nadir.This was the classification of gamblers with their reasons for what they are. Now let us try and understand how a person moves about in these stages. What actually initiates an individual in the world of gambling? As stated earlier, for our ancestors avoiding risks was altogether a big risk that they can not afford to take. Considering from where we stand today, going into dark forests with only stone tools to hunt down a beast was a perilous gamble most will not indulge in today. But for them it was a way of life. So slowly but surely this risk taking ability has boiled down in all of us. For a novice the risk of gambling is so minuscule and reward so high that for him it makes sheer common sense to go on with it. Add to it the glamour and high life associated with the profession it becomes a Herculean task to resist the bait. These games are often built in such a format that the gambler thinks that his skills are improving and he is closer then ever to winning. This, if not checked eventually moves on to become a habit and then an addiction. Basically gambling plays on two universal emotions the desire to win huge without actually slogging for it and the difficulty of giving up that dream no matter how high the stakes are.

How To Avoid Debt Problems Due To Gambling

With the convenience of online gambling, people can play their favorite casino games and bet on sports online with computers and hand held devices through Internet from anywhere and at any time. Online gambling provides an alternative of betting games, but at the same time, it creates new debt problem. Gambling is a high addictive game that may cause those who don’t have money to gamble to find money from various channels, include using their credit cards and borrowing from illegal lenders. Many debtors worldwide are suffering the overwhelming debt due to gambling addiction. They put themselves and their families into a very difficult financial situation. You should not get yourself into this problem. Use below 4 tips below to prevent yourself from debt problem due to gambling.1. Gambling is an entertainment, not a way to make moneyMany gamblers try to make money from online gambling. Although it possible to earn money by betting online, and there are many professional gamblers make their living from online gambling, but generally, most gamblers who aim to make easy money from online betting failed and lose not only their hard-earned money, but the money borrowed from various channels that will become their debt if they can’t pay it later. This is how the debt problem begins.If gambling is a hobby for you to fill your leisure times, it should be played as an entertainment, not a way to make easy money, unless you are a professional gambler.2. Don’t play with the money you can’t afford to loseGambling is a high risk game and there is no way to guarantee the winnings. So, don’t risk your hard-earned money if it is needed to support your living and your family expenses. Moreover, you will easily become panic if you play with the money you can’t afford to lose. It will causes you lose more money because you may bet wildly without following a winning strategy when you hit the losing streaks, if the money you use to bet is the money you can’t afford to lose.3. Get helps if you have detected the gambling addiction signsIf you find yourself always thinking of and want to logon to online casino to play the game and most of time you can’t control yourself for not logging to an online casino. It is a strong sign of gambling addiction. The convenient of online gambling makes harder to stop yourself not to gamble because you can always login to the casino or sportsbook at any time. If you have found yourself addicted on gambling, try to get helps as early as possible. Families and friends can be your initial approach to get helps. If you have deeply addicted, then you should go for professional consultation to get rid of the gambling addiction.4. Cancelled credit cards and e-wallet accountsCredit cards and e-wallets are the common banking options to fund an online gambling account. If you can’t control yourself from depositing money into your gambling accounts, then cancelling your credit cards and e-wallet accounts cause inconvenient of transferring money into the gambling accounts; hence reduce the risk of debt problem due to gambling.SummaryGambling debt can be a serious problem because it is a highly additive game that may cause you to borrow money from various channels if you have loss all your money. The money you owe will become a debt problem if you can’t pay it later. So, it should be avoided totally. Use the above 4 tips to help you prevent the debt problem due to gambling.