Unibet Unsure About French License

As French market opens its doors to online gambling companies in 2010, Unibet is still not sure whether it obtain French license or not. Its rivals Bwin and Betclick already made it clear that they will acquiring a license despite restrictive regulations.

Unibet states that French regulations would force them to change their model of business, strategy and products.

However, keeping in mind that Unibet signed number of sponsorship deals in France recently, it seems that it will obtain French lisence. Possibly, the company is trying to bring the issue up to public debate in attempt to force policy revision.

Bwin Reports Losses

Austrian bookmaker Bwin recorded losses of €12.8 million after tax in 2008. Increased expenses along with depreciation, amortisation and impairment charges were major reasons for negative results last year.

Nevertheless, the company looks very optimistic regarding  its future and expects to report increase in gross gaming revenues for the first quarter of 2009.