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Danish government All CLear on daily fantasy sports
Wednesday May 13,2015 : DAILY FANTASY SPORTS IN NEW DANISH GAMBLING LAW AMENDMENTS
Danish lawmakers keep up with modern trends.
The Danish government has received the all-clear from the European Commission on a series of amendments to its online gambling laws that include the legalisation and licensing of the burgeoning daily fantasy sports vertical.
The fees attached to the proposed new DFS licence have yet to be settled, but the regime should be in place before the end of 2015, reports indicate.
Other changes include reduced re-licensing costs for existing online gambling operators in the Danish market; tougher measures to comply with EU directives against money laundering; and increased licensing (not tax) fees for operators with revenues of more than Danish kronor 100 million a year (around $16 million), along with reduced licensing costs for operators below this amount..
The 20 percent of GGR tax rate on operators, along with a 28 percent corporate tax, remains in force.
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2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
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Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
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Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
Cherry CEO Fredrik Burvall Steps down -
Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta
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