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Posted 1/21/11 : Tax minister gives the Danish gambling industry his assurance that tax dispute will be resolved this year
The much-delayed opening up of the Danish online gambling market will take place by the autumn of 2011, a meeting of industry managers was told this week by Danish tax minister (Skatteminister), Troels Lund Poulsen.
The government's attempt to move away from the monopolised system epitomised by Danske Spil ran into trouble last year when complaints were made to the European Commission over the disparity in taxes proposed for land gambling operators vs. their internet equivalents.
There has been speculation that the minister sought to reassure the industry after rumours circulated that it may be two years before the dispute is resolved and the market opened up.
The Skatteminister reportedly told the gathering that he had met the European Union minister for competition and emphasised to him the importance of a quick resolution, and that he had received an assurance that the European Commission would cooperate in expediting the process.
The government planned to move as soon as the EC opinion was received, and would open the licensing process with a view to implementation three months later; a possibility that may assuage fears by aspirant licensees that they could be disadvantaged against Danske Spil by a requirement that they stop all business activity with Danish players until their licenses are issued - the so-called 'black period.'
But until the European Commission reacts, the Danish online gambling initiative remains on ice.

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Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

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PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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