Former
888 CEO summoned in French Gambling Investigation |
France's recent
moves to restrict or ban certain forms of Internet gambling
received confirmation with the news that that country's authorities
have summoned former 888 Holdings CEO John Anderson to an 'interview'
connected to online gambling in France. 888 is the parent company
of Pacific Poker, and while specifics regarding France's interest
in Anderson have not been released, the request continues France's
protectionist push, which mirrors closely similar efforts in
the United States.
888 has been among the most
aggressive marketers in France, including short-lived sponsorship
of the Toulouse football (soccer) club, undertaken during Anderson's
tenure. Such marketing pushes run contrary to France's desire
to protect its state-run Pari-Mutuel-Urbain and Francaise de
Jeux gambling operations, and 888 has been among the most vocal
of the online gambling firms defending its status under the
European Union's free-trade provisions.
888 and Anderson, who remains
a non-executive director with the firm, have signaled their
intent to comply with the French interview request. The company's
statement offered this: "888 is in consultation with its
legal advisers with regards to this inquiry and further announcements
will be made in due course if appropriate." Reports indicate
that France accounts for less than 5% of 888's current revenues.
The move follows two similar
events of recent months, confirming that France's views on the
topic of online gaming differ markedly from its neighbors. Those
prior newsmaking events were the September, 2006 arrest of two
Austrian Bwin executives, and the forced cancellation of the
EPT Deauville poker event, scheduled for just last week.
888's stock dipped by several
points following the news, triggering a sell-off among stocks
in London's online gaming sector. Other firms were affected
to a smaller degree, including PartyGaming, which at least temporarily
stopped taking new French customers earlier this week, perhaps
as part of an 'arm's length' approach to current French efforts.
Party declined extended comment on the matter, noting only that
"It's not our policy to discuss activities or policies
in any individual country."