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GVC, PMU get shared liquidity licenses in France

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7 years ago

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GVC Holdings – an Isle of Man-based company with operations mainly in Spain – and Pari Mutuel Urbain (PMU), a Paris-based company operating mainly in France, have secured shared online poker liquidity licenses in France.

The cross-border duo has become the latest operators to get the shared license from the French online regulator ARJEL. The licenses will allow both firms to offer services in the shared liquidity market between France, Spain, Italy and Portugal.

SAS, the local subsidiary of GVC-owned Bwin, will operate the licence on behalf of its parent company, while national gambling company PMU will now also join the market.

PokerStars, Betclic and Unibet have also been handed licences by ARJEL in recent month.

In July last year, regulators from France, Italy, Spain and Portugal signed a deal to allow firms active across more than one of the markets to merge player pools.

France and Spain have already started work on the collaboration and Portugal is also set to join after passing a resolution in February but Italy is yet to confirm its intentions.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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