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French group FT1 enters online gaming market

Posted by kulubes | March 3, 2010 | Posted in: online gambling | Comments Off

When it took control of the sports betting online business of eurosportbet.com paris which owns a license for the United Kingdom online gaming market, the TF1 group is positioning itself for the upcoming opening up of the French online gambling market.

Among French online poker players, it seems that the media group TF1 is going full throttle. Recently, the media group which has always remained limited to pure media activities has shown its ambitions on the French market for games on the Internet. When this market get officially legalized, and the legislative train expected to arrive on time this June has gathered great speed with support from the highest political echelons.

The other recent announcement from the group FT1 was the exclusive partnership with the French company Francaise des Jeux (FDJ) for a period of three years. This will lead to a gaming space FDJ – lotteries, sports paris, poker – hosted on the site TF1.fr. This is one of the top French website with 16, 9 million unique visitors in December 2009.

It got a licensing agreement to develop online games from scratch in the distribution of the JDF. This promises that once the new law is enacted in the Summer the French online gambling market will explode.

The media chain announcement of the takeover of the site paris eurosportbet.com sports is the latest step in the conquest of French online gambling. The deal includes the subsidiary Eurosport controlled at 50% by buying the other half of the capital held by the investment fund Serendipity, endorsed by the Bouygues group and Artemis, the holding company Pinault family, headed by its former CEO Patrick Le Lay. The amount of the transaction was not made public.

The French market is simply red hot at the moment. So if you are French or if you have a French girlfriend, keep posted for the latest developments as this is one gambling market we are particularly interested in following.

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