Does anyone know the why Pinny exited the France?
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Probably it´s simply because of something similar to what happened in the US. BetFair exited from France some months ago and these companies seems to share the same philosophy in these cases. Better safe...Comment -
related to the french poker monopoly network?Comment -
Apparently france needs all the sportsbooks to register with them and pay them taxes in order for them to take players from France.Comment -
Hell with the local laws. These are so harrassing.Comment -
I think there was something with pokerstars as well that they didComment -
i consider it normal from a mature organized country to ban internet betting from provider which doesnt pay the local taxes.
US, Japan, China, India, France... i guess the rest will follow.Comment -
territory..?!?
bets are made within the bookmaker's server which is in other territory.
when you order online something from other country,
do you have to pay your local taxes???
you buy a book from France,do you pay your own country's VAT for example?
NO.
Internet is not a territory of US, Japan, China, India, France....
This entire legislation is illegal. The US law is very different from the French law.
UIGEA bans the money transactions.
European laws ban foreign bookmakers from the EU which is absurd.
You can not outlaw Betfair as the french did.Because Betfair is a legal firm in the EU.
If what french did is right,the other countries can outlaw every french thing -the camambert for example!!!
In my country no one produces camambert, so my country can say all of the camambert is illegal and
ban the import.Comment -
The UIGEA is also illegal according to the WTO and Antigua, but the US government pretty much ignores this fact, despite engaging in a drawn out legal battle and having a WTO judging panel rule against them.
By the way, this is the first I've heard of this French law, but I think Pinnacle set a precedent for themselves when they chose to disallow US players - this book prefers to not battle governments. Basically, if a country passes bullshit online gambling laws then screw 'em, they are cut off - plenty of other players on the planet.Comment -
Actually when I order stuff from www.Amazon.com
I gotta pay taxes when the merchandise is entering the country. They call it Flete something like thatComment -
French government welcomed this law on 13th may so since then many bookmakers left from there. but also some registered local companies. for Betfair its very dificult situation as French gambling law doesn't know what is betting exchange so they thread only normal bookmakers. So in fact betfair should charge every bet with 15% tax that is ridiculous. French government said they can change law in 2 years and betfair might come back to France as Pinnacle also can do it. But its also possible that nothing changes after that period.Comment -
Right. I pretty much agree with the "disturbing trend" part but I look at this with a few points in mind:
First off, the "screw 'em, plenty of other players" point is a blunt summation of what I think is the strategy of some books (e.g., Pinnacle) for difficult markets such as the USA and now France. I'm not saying I necessarily agree with it, but I do understand why they make these choices.
If I were the owner of an offshore book there's a very good chance I would have taken the same route as Pinnacle and left these problematic markets too -- a bookie vs a global superpower is not a fair battle. I'm sure if Pinnacle would have stayed in the US market, they too would have occasional money processor problems and players would be complaining on the forums about it, thus tarnishing their reputation.
The problems with moving money back and forth with US players without Neteller, avoiding outright seizures of millions of dollars by the FBI from your intermediary processors, and sweating bullets every time you are in an airport are valid reasons to exit markets, even markets as lucrative as the good old USA.
Again, not saying I agree with it, but I do understand.
And the truly "disturbing" part of all this is not the choices of the books to exit the markets, but rather with the citizens of these countries that let their leaders declare this silent and invisible war against online gambling, which is really a silent and invisible war against freedom - the freedom of individuals to choose what to do with their own money in the privacy of their own homes, for entertainment. That's the "disturbing" part!Comment -
Interesting, if the French had thought of this earlier, they could have ejected the Germans without needing assistance. pas possibleComment -
Pinny are a bunch of spineless cowards. Bookmaker, Betjam and Bodog have no fear and are still running strong.Comment -
why the **** pinny is afraid of the US and french goverment, pinny is located at offshore paradise nobody can touch them
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Yep, a bit disturbing.
Which country is next?
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pretty soon only u.k , ireland , and australia will be left, just a note to the people of france , you can still use the greek or matchbook,Comment -
Irish budget last week included provisions to levy 1% duty on all offshore bets placed by Irish punters. How they are going to collect the duty remains to be seen.Comment -
You have just to forget Pinnacle,you can do nothing!
Only if you..emigrate can play there.Comment -
Imagine for a minute that you are an owner, director or manager working for Pinnacle and you live, visit or have property or investments in the US or France.
Now can you understand why you'd not want to defy their laws?Comment -
They are on the top, and for them there is no reason to risk anything - sadly for all players who cannot use them.
For the ppl who can use them it just means the money is very very safe, if Pinny doesn't risk anything.
I just fear more countries will want to get their hands on some sportsbook money, France is indeed not a small fish.Comment -
Hopefully this taxing sh!t will not spread further.
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