French regulator published shared liquidity conditions

ARJEL, the local gaming regulator, has published the shared online poker liquidity conditions that affect several European markets.

France.- Online poker operators can now access the complete governmental information about European shared liquidity measures. ARJEL, the French iGaming regulating authority published this week the conditions to implement the latest financial modality of online poker operations throughout the markets of Portugal, Italy, France and Spain.

Authorised operators could apply to the project in order to set further strategies to develop the industry. Once operators enter the online poker shared liquidity project, gaming regulators would investigate the companies’ businesses and later approve or reject the petition, as reported by Casino News Daily.

The international settlement was signed earlier this month by authorities from France, Portugal, Spain and Italy, as announced by major gaming regulator in Spain, Dirección General de Ordenación del Juego (DGOJ). Although it is a big step for the international gaming industry, the agreement has not immediately come into force as each government will implement it according to its regulatory requirements. However, the European gaming authorities “commit to make their best efforts to enable effective implementation by the end of the year,” according to the DGOJ.

Regulators have largely accepted the evidence that shows that countries collect less taxes when online poker is segregated. Furthermore, they’ve started promoting changes that channel a higher percentage of the population toward the regulated market and away from black market operators. Under a shared market, European authorities would establish common legislations to regulate tax and licensing conditions, among other relevant legal and economic issues.