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Home / News / Online Casinos / Land Casinos in France sees red

Land Casinos in France sees red

December 11, 2009 by Casino Jackpot Leave a Comment

For the second consecutive year, land-based casinos in France see red! The 197 casino establishments located throughout France have experienced a significant decline in income according to a survey revealed by AFP. Indeed, the benefit accruing to casinotiers, would suffer an overall decline of 9% for the 2008/2009 financial year, reaching 2.3 billion d ‘€ uros. A cumulative decline of 20% over the last two years. Note that the profits generated from 2006 to 2007 were 2.8 billion, then 2.5 billion in fiscal year 2007/2008, and now reaches more than 2.3 billion euros net. Three factors explain this bad trend. The first is the prohibition on smoking since 1 January 2008, in establishments considered public places, although the vast majority completely private.

The second is for the ban: Internet games. Indeed casino players can no longer enjoy their freedom in institutions hard, go on the web to continue to enjoy their passion and their leisure by playing slot machines, video poker, blackjack and other games of any kind . Players can enjoy the games more and more mature, and jackpots available on the web that have nothing to envy in real games, while continuing to enjoy their cigarettes.

Finally the third explanation is cyclical, as the United States since the crisis broke in the meantime, crippling the purchasing power of households, so they can capitalize. This is actually a factor that should gradually faded as the heads will regain confidence.

However we must clarify one point which can not be accepted. That of unfair competition by operators of gambling online like Partouche Group Barrier Group and Cutting. In fact they arise as a victim even actively involved in Internet activity, with one or more brands online casino, poker site. … And has been for many years. The unofficial position is actually much less bad as has been claimed!

Profits generated by operators of gambling being imposed only up to a maximum of 5% instead of 85% for land-based casinos, we fully understand their silence on the second activity under land. Finally, this decrease in revenue is expected to stabilize in the coming with the prospect of opening the French market, although it is primarily reserved for athletes Paris, Paris Horseracing and Online Poker.

Thus without regulation on online casinos, the latter including groups Partouche, Barrier and Tranchant, will therefore continue to offer their services freely and develop their non-taxable benefit in France. Vivement 2010!

Filed Under: Online Casinos

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