Reading Time: 2 minutes
The latest gambling operators to receive shared liquidity license from ARJEL, the French online gambling regulator is SPS Betting France and Betclic Enterprises Limited.
SPS Betting, the wholly owned subsidiary of Malta-based Kindred Group operates Unibet.fr, the online gambling website in France, which offers online poker, among other products. Whereas, Betclic, is a French online gambling group operating online sports betting, casino games, and online poker through its subsidiaries.
In a press release on Thursday, ARJEL disclosed that the two operators will be able to participate in the online shared liquidity project as long as their operations are completely in accordance with the conditions put forward in the shared liquidity agreement signed by the regulators of France, Spain, Italy, and Portugal in the summer of 2017.
The terms of SPS Betting Betclic’s shared liquidity licenses, calls for the operators to merge their player pools only in the countries that participate in the scheme as long as they are licensed to operate there.
The operators’ software for sharing poker liquidity needs to be acceded by the regulators of the jurisdictions where they would operate shared poker tables. SPS Betting and Betclic would also have to inform regulators about any alteration that might occur with regard to their participation in the shared liquidity project, under their newly-issued licenses.
Kindred Group (previously Unibet Group) acquired SPS Betting France in late 2011 for €5.625 million plus net cash adjustment of €1.5 million. Prior to the transaction, the French operator managed the EurosportBet and EurosportPoker brands in its domestic market. SPS Betting’s platform was then rebranded to Unibet.fr.
As mentioned above, SPS Betting and Betclic became the latest operators to be issued a shared liquidity license since December, when PokerStars received regulatory approval from ARJEL to participate in the project. Winamax, the major French poker operator, was the next to be given the nod for the scheme in February.
Source: European Gaming Media and Events