France's gambling recovers

[fiulpro]

According to the french national gambling authority. The gambling in france showed 49% more gambling activity in the third quarter with a recovery which supposedly gave 1.6 billion Euro as revenue.

source

France’s gambling regulator Autorité Nationale des Jeux (ANJ) announced the impressive recovery of the country’s gaming market, with 49% more betting activity during the third quarter, with €1.6 billion. Despite the pandemic, French operators have bounced back and reported a 17% increase in Q3 revenue year on year.

The ANJ reported that the online gambling turnover for the first three quarters of 2020 went up 11% compared to last year, reaching €1.2 billion.

This was actually due to :
-online Gambling related to sports events

The authorities have advised to look for steps to ensure player protection and to see if minors are playing and engaging in the same.

I do believe that we have yet another country whose recovery from the pandemic was linked to the online gambling industry. Thus I do believe that banning gambling is something that is not the solution rather the countries should look forward to regulate them. One can always engage in responsible gambling.

France really sets an example for other countries alike. I do think the countries where the gambling is open and regulated are going to recover faster as compared to the others since they are generating immense revenue for the government and at the same time the players also have a lot to choose from.

[Lanatsa]

+ Revenue  =  - More losses into their citizens.

This is why you can really saw that other countries aren't really considering this kind of option and still do ban neither offline or online gambling.
They don't care about revenue or what but rather they do focus on with their citizens protection towards addiction or getting broke.

Yeah, it might be having its pro's but you cant really force them to have some re-consideration on accepting it instead.

[ecnalubma]

As most businesses resume we might also see economic slowly recovers, gambling taxes also contributes to this recovery most especially if a certain country depend on it. Its all about balance after all, casinos pay their employees, players enjoy the services and the government collect taxes.

[fiulpro]

+ Revenue  =  - More losses into their citizens.

This is why you can really saw that other countries aren't really considering this kind of option and still do ban neither offline or online gambling.
They don't care about revenue or what but rather they do focus on with their citizens protection towards addiction or getting broke.

Yeah, it might be having its pro's but you cant really force them to have some re-consideration on accepting it instead.

Even in the Europe , many countries have started increasing the gambling revenues and therefore this way even though the small gambling companies might loose their fort we would still be able to see governmental bodies siding towards the online gambling.

The pandemic is horrific and thus I do believe that we need resources which would be able to continue providing the government bodies the revenues they needs

Gambling is something that have the potential to generate good audience even when everything is now online, thus I believe more countries should consider making it legal. Example: India. Everyone is very aware of the local gambling that's been going on since ages but the law is firmly negative. By allowing the gambling they can not only regulate it positively, which would be more responsible for them but they can also get good revenues and make better decisions.

France is just another example to prove that.

[Charles-Tim]

Online gambling are really helping the gambling companies, even some events were still available and accessible on the internet for betting purposes during the pandemic. I think this will not be only france but many parts of the world as things are becoming back to normal. With time, the gambling industry will like before and also grow higher. But as people will continue to gamble, they need not to be addicted and also be using what they can afford to lose.

[swogerino]

According to the french national gambling authority. The gambling in france showed 49% more gambling activity in the third quarter with a recovery which supposedly gave 1.6 billion Euro as revenue.

source

France’s gambling regulator Autorité Nationale des Jeux (ANJ) announced the impressive recovery of the country’s gaming market, with 49% more betting activity during the third quarter, with €1.6 billion. Despite the pandemic, French operators have bounced back and reported a 17% increase in Q3 revenue year on year.

The ANJ reported that the online gambling turnover for the first three quarters of 2020 went up 11% compared to last year, reaching €1.2 billion.

This was actually due to :
-online Gambling related to sports events

The authorities have advised to look for steps to ensure player protection and to see if minors are playing and engaging in the same.

I do believe that we have yet another country whose recovery from the pandemic was linked to the online gambling industry. Thus I do believe that banning gambling is something that is not the solution rather the countries should look forward to regulate them. One can always engage in responsible gambling.

France really sets an example for other countries alike. I do think the countries where the gambling is open and regulated are going to recover faster as compared to the others since they are generating immense revenue for the government and at the same time the players also have a lot to choose from.

I would not rely on gambling to recover as the money taxed from gambling which they say is 1.6 billion Euro in revenue is 1.6 billion Euro lost amount for French citizens.The recovery should come from many business activities recovering and reopening slowly.
Gambling is not the solution as the money taken from all the gamblers who gambled during the lock down because of the pandemic,we don't know how each individual have reacted to the lost amount,I hope no extreme bad events have happened because of this.That is why I think gambling can be an add-on for people who want to gamble and not be promoted by any government as a mean of economic recovery.

[LittleBitFunny]

~
Gambling is something that have the potential to generate good audience even when everything is now online, thus I believe more countries should consider making it legal. Example: India. Everyone is very aware of the local gambling that's been going on since ages but the law is firmly negative. By allowing the gambling they can not only regulate it positively, which would be more responsible for them but they can also get good revenues and make better decisions.

As far as I know Skill based games are legal in India, Things that are involving fortune and money together are considered illegal in India.
You know, In these densely populated low-income countries, most people are living below the poverty line. Due to the high unemployment rate, most people will want to gamble and become a upstart in a sudden, which will disrupt public life.

[Ryker1]

Well, the third quarter of the year had been so crucial for everyone around the globe since it's a month already when the lockdown has started and not only french but also other people really experienced boredom during those months and perhaps, -- they chose to play online gambling to reduce the ennui and because of this French authority generated a higher revenue on those months compared to the previous years. And I assume that it might continue to increase since the French have started going back to work and they're getting income again, they might tend to enjoy and experience their gambling activity again same as they did it prior to the pandemic. This may not be applicable to other countries, it could be similar depending on the regulations set by their government towards casinos and online gambling site.

[7788bitcoin]

According to the french national gambling authority. The gambling in france showed 49% more gambling activity in the third quarter with a recovery which supposedly gave 1.6 billion Euro as revenue.

It will be a general situation globally as people started using online gambling sites once all the restrictions are in place and every country started closing their boarders and forced to shut down all the businesses and people who had nothing to do started spending time online and gambling is one such market that attracted the most crowd and the revenue globally will be in multiple billions.

[Yaunfitda]

Gambling is not the solution, but generally it can help countries just like what France's report says. And that's why many countries are allowing casinos to be open with safety protocols. Even Vegas is already open, because they need to generate money to stir the economy.

And we all know that there are a lot of pros and cons of gambling whether online or offline. But then again, when the situation is getting worst, the government need all the help it need to stand up their economy and gambling is one sector that can really initiate the flow of money.

[kodtycoon]

That's one of the aspects of high income, economic recovery will feel easy in future when state treasury has accumulated economic development in many sectors will emerge and if that happens I really appreciate it but what about the residents? maybe half disagree because their income also has go out to play gambling, lucky if win yeah if lose will disturb the household and smashed plates that are slammed without eating all night

[batang_bitcoin]

The gambling industry does really partake a huge portion of a country's entire economy. And good to see that France is recovering somehow through their gambling industry. If other countries who have banned online gambling will take a look into it as an inspiration and base their case study. We might see them opening their borders for their citizens to also conduct online gambling. Not unless, their physical casinos also shares a huge part in their economy and starts to complain taking online casinos down and halt their operations.

[logfiles]

Isn't France one of the Countries where gambling is banned? In a couple online casinos, i did check out their Terms and conditions and France was part of the list of Countries whose Citizen were not allowed to gamble.

Generally the whole issue of banning gambling is not cool. It's like governments are trying to control how their citizens are supposed to spend the money they sweated to make.

[Gozie51]

The authorities have advised to look for steps to ensure player protection and to see if minors are playing and engaging in the same.

This is important to do, to be sure that underage are not playing the gamble because if they do, they will likely become addict when they get older. It is good to prevent the minors from playing such game. Although the age of minor is not the same, some countries are lower in age while some has higher age as under.

[just_Alice]

That's very impressive, nicely done! I think that this increase in sports betting during Q3 might have resulted from numerous sports events cancellation at the end of Q1 and the first half of Q2, during the lockdown, but as the system began to recover - a lot of long-awaited games happened one after another, causing a rise in betting activity. However, the same thing probably happend in other countries as well, so no doubt that proper regulation from the government played an important role here.

[stadus]

Higher than last year's revenue, very impressive because we are facing the pandemic and yet people still gamble more, I don't see this coming though but I like the news as that revenue will be able to help rebuild or improve their economy, we all know that France was already heavily affected by the covid-19 pandemic. So this would also say that despite of the pandemic, gambling industry still are profitable.

[robelneo]

France really sets an example for other countries alike. I do think the countries where the gambling is open and regulated are going to recover faster as compared to the others since they are generating immense revenue for the government and at the same time the players also have a lot to choose from.

The general consensus are pointing to this, not only in France this is one of the time that they are giving the gambling industry a positive look, this is a good example for countries who are still strict in gambling  they should be open in accepting gambling whether offline or online, as they are a big help in terms of taxes at this kind of times.

[samcrypto]

This is a great news for the gambling community in France because it looks like they are getting back to a normal situation and hopefully more countries will also recover from the big loss. France didn’t impose a hard lockdown as far as I remember so maybe this is why they easily bounce back from the big fall back, anyway this is still a good news and I wish them a more safety gambling experience, let’s all follow the safety protocol.

[harizen]

The pandemic showed the positive side of the gambling industry - the most performed industry during the pandemic period even with some concerns that people should be careful about their spendings during the period as every cents count.

While drawing a positive impact on a country, it's really a must for them to have it more regulated as illegal gambling operations are also taking advantage. They need to shutdown those so more people will only use the legit ones.

No worries in crypto-gambling as no country can regulate it.

[Genemind]

+ Revenue  =  - More losses into their citizens.

This is why you can really saw that other countries aren't really considering this kind of option and still do ban neither offline or online gambling.
They don't care about revenue or what but rather they do focus on with their citizens protection towards addiction or getting broke.

Yeah, it might be having its pro's but you cant really force them to have some re-consideration on accepting it instead.

This is true, however, the gambling industry contributes a lot to the economy. It's one of the best sources of taxes. Even in our country casinos are starting to re-open with the strict policy in regards to social distancing and limited player slots per table. So, both has pros and cons, more losses to it's citizen, more taxes for the government.