France makes it hard for casinos to run: An Overview
France’s government has been very strict about the gaming business for a long time. The French government recently announced new rules to tighten its control over the casino business. The goal is to stop people from becoming addicted to gambling and to limit the negative effects of gambling on society. In this piece, we’ll look more closely at the new rules in France that make it harder for casinos to open, how they affect the gambling business, and what the future holds for the French gambling market.
The new rules are a big change in the way France handles gaming, and they show how worried people are about gambling addiction and how it hurts society. According to the new rules, it will be much harder to run a casino in France, and casinos will be subject to more strict limits.
Before getting into the new rules, it’s important to know what the gambling business is like in France. In 2020, the French gambling market will bring in more than €9 billion, making it one of the biggest in Europe. Companies that are run by the government, like the Francaise des Jeux (FDJ) and the Pari-Mutuel Urbain (PMU), have most of the market share. The casino business, on the other hand, is not very big. There are only about 200 casinos in France.
There are new rules.
The new rules, which will be announced in March 2021, are meant to cut down on gaming addiction and protect people who are weak. With these rules, the number of casinos in France will go down, each will have fewer slot machines, and gaming businesses will have to pay more taxes.
Putting a cap on the amount of gambling
The plan to reduce the number of casinos in France is one of the most important changes in the new rules. This will be done by letting fewer new casinos get licenses and not renewing the licenses of current casinos that don’t follow the new rules.
Getting rid of some game machines
The number of slot machines in each casino has also gone down, which is another big change. One out of every three slot machines will be taken out of each casino to reach this goal. The goal is to cut down on the number of gaming machines, which will make it harder for people to gamble.
Putting up taxes
The French government has also said that gambling businesses will have to pay more taxes. This increase will affect both online and offline gambling. For online gaming, the tax rate will go from 33% to 44%. The tax on slot machines in land-based casinos will also go up from 30.1% to 37.7%.
Effects on the gambling business
The new rules are likely to have a big effect on the French gambling business. The number of casinos that are open and the amount of money they make are likely to go down. The number of slot machines will also go down, which will hurt the money that casinos make.
Effects on the players
New rules will also affect players. Gamblers should decrease as gambling machines decrease. Higher company taxes may raise prices and lower payouts for gamblers.
What’s next for France’s gaming market?
Given how much the new rules have changed the French gaming market, it’s hard to say what will happen in the future. But it’s likely that the casino industry will continue to decline, while state-run companies like FDJ and PMU will continue to control the market.
France’s new casino rules impact gambling. The rules aim to prevent gambling addiction and safeguard the weak, but they may affect the gambling industry. The future of French gaming is unknown.