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Danish Government appears set to break up state gaming monopoly
The gambling news keeps coming thick and fast from the Scandinavian nations, with new revelations on the status of the Danish industry the latest to emerge. The Copenhagen Post this week reports that Danish gambling is expected to enter a new era soon as deregulation opens up the Nordic country's considerable gambling market to international companies.
The newspaper reports that the 60-year gaming monopoly operated by state-owned Danske Spil is set to be terminated when the government announces its plans for deregulation today (Tuesday).
Apparently serious pressure by the European Commission to comply with EU principals of free movement of goods and services was a major factor in pressuring the government into the move.
Deregulation could make more competitive offers available to Danish players from several large foreign online gambling groups keen to enter the market. According to the newspaper Jyllands-Posten, only the Lotto and scratch-off ticket games will continue to be under the sole jurisdiction of Danske Spil. Private companies wanting to get in on the Danish action will be required to pay a licensing fee to the state to be allowed access, and regulatory requirements concerning underage and responsible gambling precautions are likely to be strict.
Last year nearly 11 billion kroner was spent on gaming nationwide, with state profits of 2.8 billion kroner, the Copehangen Post reveals, Around 1.6 billion kronor of that went toward charitable and youth organisations.
Danske Spil has apparently indicated it welcomed the move because the amount it has to pay back to the state - currently 30 percent of its intake - will be considerably reduced as a result of the deregulation.
"It will be nice to get some clarity on the issue after so many years of uncertainty," said H.C. Madsen, Danske Spil’s managing director. "We’ll also be able to offer casino gambling and poker now, which we couldn’t do before."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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