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PokerStars will leave French market if law doesn’t change

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PokerStars will leave French market if law doesn’t change
Written by on Tuesday, July 19, 2011

The general director of PokerStars.fr, Alexandre Balkany, has announced that the site intends to withdraw from the market if no change in the method of taxation is introduced.
With a market share of about 40%, PokerStars appears to have had quite a big success in the French market. However - because of an unsustainable economic model - if the taxation remains as it is, the forecasts on the future of the company remain pessimistic.
According to Alexander Balkany, at the moment the more members play, the more the site loses money. 
Due to this harsh financial situation, offers are reduced, meaning that big players are forced to play with unlicensed websites.
As these represent around 80% of the total turnover, if the law does not change, the market is likely to collapse.

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