France Galop has had to make cuts due to falling returns from the Pari Mutuel Urbain
between 2011 and 2015 and perhaps the marketing team had to cut their cloth accordingly.
This tax measure proposed by France replaces transfers from stakes on this betting to racing companies, which was a responsibility of the state monopoly in charge of horse race betting, Pari mutuel Urbain
(PMU), until online betting was opened to competition, in June 2010.
But republican politicians decided that Englishstyle bookmakers should be outlawed back in 1881, and ever since then the only form of legal betting permitted in France has been with its Tote based system, the PMU or Pari Mutuel Urbain
FRANCE'S former monopoly betting operator, Pari Mutuel Urbain
, has announced that its online and over-thecounter pools will be separated from Thursday, writes Scott Burton.
The French Council of State referred a question for a preliminary ruling to the EU court concerning the monopoly granted by French legislation to the economic interest grouping Pari Mutuel Urbain
(PMU) for the management of off-course betting on horseracing.
FRANCE'S former monopoly betting operator Pari Mutuel Urbain
has defied an uncertain economic outlook by announcing a 15th straight year of growth in its provisional results for 2012, writes Scott Burton.
The EGBA pointed to several amendments seen as reinforcing restrictions against potential new EU entrants and consolidating the position of France's current duopoly operators Pari Mutuel Urbain
(PMU) and Francaise des Jeux (FDJ).
C'est a un veritable sprint royal que seront convies les concurrents de l'epreuve a caractere de ce Mardi a l'hippodrome Kaid Ahmed de Tiaret dans le prix Melakou, support aux pari quinte quadrio A dans lequel se donneront la replique quatorze coursiers de 4 ans et plus qui formeront la ligne de depart de l'epreuve qui nous interesse et cela afin de degager la bonne combinaison de ce pari mutuel urbain
, qui, il faut le reconnaitre n'est pas sans difficultes car a ce stade de la competition, tous les pronostics restent ouverts surtout que la course en elle-meme presente un veritable equilibre des forces en presence ou il ne sera pas aise de denicher les cinq premiers de ce Quinte.
"The average percentage of stakes paid back to players is currently 75% for the Francaise des Jeux (FdJ) and 78% for Pari mutuel urbain
Confirmation that France's state betting monopolies through Francais des Jeux and Pari Mutuel Urbain
were about to be broken came yesterday, when budget minister Eric Woerth revealed a tax structure for online betting of two per cent on poker and 7.5 per cent on horseracing and general sports.