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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."
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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