INTRALOT AWARDED FRENCH ONLINE LICENSE
INTRALOT France, a subsidiary of INTRALOT Group,has been awarded an Online Sports Betting License by the French Online Gaming Regulator, the ARJEL. The duration of the renewable license is 5 years. INTRALOT France will focus on opportunities in online sports betting exploiting in particular its cutting edge sports betting solution. The company also aims to submit subsequent requests to the ARJEL for online horse betting and poker licences.
Franceis the second major continental market to regulate the online gaming market following Italy. The “controlled opening” (ouverture controlée) of the online gambling market started following the approval by the French National Assembly of a bill introducing a licensing regime that was enacted in May 2010and concerns three different online activities: horse betting, sports betting and poker.
Mr. Constantinos Antonopoulos, INTRALOT Group CEO, stated: “The online license that INTRALOT was granted in France is a very important step towards the implementation of our plans to capitalise on the major opportunity represented by the growth of the regulated European online gaming sector. With a population of 65 million and a strong tradition in the lottery and gaming industries, France will play a pivotal role for INTRALOT Interactive in the new era of regulated online gaming. We are looking forward to bringing our pioneering services and products, as well as exciting entertainment experiences to the French market.”