Vbet receives French online sports betting license

Malta-based online gambling operator Vbet has received a license to offer online sports betting in France’s regulated market.

Last week, French gaming regulator ARJEL announced that Vivaro Betting Ltd, which operates the Vbet.com betting site, has been issued an online sports betting license valid for five years. The Vbet.fr site has yet to launch, but its eventual arrival will bring the total number of French-licensed online betting operators to 14.

Vivaro was founded in Armenia in 2003 and has since acquired online licenses in Malta, Curacao and, as of summer 2016, in the United Kingdom. Their betting platform is powered by technology provider Betconstruct. Vivaro has yet to indicate whether it plans to pursue a French online poker license.

France’s regulated online gambling market got off to an extremely shaky start due to its high taxes and restrictions on product variety but has lately shown signs of life, particularly in the sports betting vertical, which posted record turnover and revenue numbers in Q2 2017.