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Chilipoker.fr to turn the key, claims player funds are safe
Chilipoker.fr is living its last days and will close down for good "within the next couple of weeks", the poker room's parent company has confirmed to French newspaper La Tribune.
The closure of Chilipoker.fr has been rumored for more than a month in the French iGaming environment, but was not confirmed officially before today.
The confirmation came from parent company Iliad's Director of Finance and Development, Thomas Reynard, who cited financial troubles as the reason behind the decision to close up shop.
"This is not the way we like to do business. The competitive environment and the taxation of online games does not bring about new players or allow us to operate viably," Reynard said.
His statements reflect the increasing troubles for Iliad Gaming, who have been struggling with red numbers for years already.
According to reports, the company may have lost as much as €4 million over the past two years of operation.
The case highlights the problems faced by many French iGaming companies, who struggle with decreasing player numbers and declines in traffic.
A host of top online gaming companies have been fighting big deficits in recent years, including giants like BetClick and the Everest Group.
According to Mr. Reynard, players will not have to worry about their funds, as all customers will be refunded in full as part of the closing-down process.
The closure is restricted to Chilipoker's French branch, and will reportedly not affect
Chilipoker.com players.
The closure of Chilipoker.fr has been rumored for more than a month in the French iGaming environment, but was not confirmed officially before today.
The confirmation came from parent company Iliad's Director of Finance and Development, Thomas Reynard, who cited financial troubles as the reason behind the decision to close up shop.
"This is not the way we like to do business. The competitive environment and the taxation of online games does not bring about new players or allow us to operate viably," Reynard said.
His statements reflect the increasing troubles for Iliad Gaming, who have been struggling with red numbers for years already.
According to reports, the company may have lost as much as €4 million over the past two years of operation.
The case highlights the problems faced by many French iGaming companies, who struggle with decreasing player numbers and declines in traffic.
A host of top online gaming companies have been fighting big deficits in recent years, including giants like BetClick and the Everest Group.
According to Mr. Reynard, players will not have to worry about their funds, as all customers will be refunded in full as part of the closing-down process.
The closure is restricted to Chilipoker's French branch, and will reportedly not affect
Chilipoker.com players.
Comments
Alll the government regulations, over-taxation are due to cause this kind of trouble to a free business market. I hope that others (countries and governments across Europe) will learn outta this... Like in Romania, slot machine industry faces an 8 fold increases in taxes, bringing this to its knees, yet they (govt) thinking that even half of the market bailing out, they still be able to collect 4 times more income... The fact is that this business is dieing, not even giants not being able to survive.
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