Intralot to Enter French Market: 1

The money processing system, Intralot which is based out of Athens, Greece recently announced their intent to enter the French Market. They are trying to gain an aspect of the internet gambling world that they do not have license for already which is the online sports wagering and horseracing. The Chief Executive Officer for Intralot, Constantinos Antonopoulos gave an exclusive interview to the Greek Financial daily paper Imerisia. In that interview is when he revealed the online casino’s intentions in looking for a French license. The current legal climate for online casinos in France is getting better than it was years ago. It has been said that by the year 2010 the French government should be offering licensing for internet gambling websites and that includes this particular online casino.

The online casino world is extremely happy that they have now made progress in France. The Budget Minister of France, Eric Woerth has mentioned that the French gambling market is open to expanding in the future as internet gambling itself expands and online casinos become a legal business in their country. This step will help the French government get more control of the online casino market and the loss of revenue that they suffered from not having a legal and regulated internet gambling system in their country. The European Union told France in 2007 that they would need to make plans to eventually comply with the European Union’s online casino policies.

The Chief Executive Officer for Intralot, Constantinos Antonopoulos said: "For Intralot, liberalisation of the online betting market in Europe is a big opportunity as our company has the structure, know how and necessary presence to take advantage of the opportunities," It is only going to be a matter of time before the online casino industry thrives in France.