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Danish Online Gambling Monopoly Splitting
The introduction of a more open regulated market in Denmark may have faltered over tax issues raised by land operators, but state gambling monopoly Danske Spil is planning ahead for the advent of the new dispensation.
The company has announced that it is to split its operations into three units in an organisational restructuring aimed at more dedicated focusing.
One division will be tasked with handling the more open market for sports betting, poker and casino; another will continue to target the monopolised market, including lottery, scratch games, horse racing and bingo, and the third division will concern itself with the video lottery terminal sector.
The company has not yet revealed with which software supplier it will engage in regard to the online sports betting, casino and poker operations.
The restructuring will involve management changes that reportedly include the hiring of two managing directors. The liberalised market division, to be known as Danske Licens Spil, will be headed by Jens Aaløse, whilst Danske Lotteri Spil will be managed by Mette Dyhr. Other senior appointments have been made in disciplines like IT, finance and sales.
Danske Spil marketing director Klaus Lohse has been let go by mutual agreement.
Denmark's market liberalisation drive was initially intended for implementation at the start of 2011, but a dispute over the considerable disparity between proposed taxation rates on land operations and those online has delayed matters. Opening the market is not now expected to happen before summer 2011.
Danske Spil's chairman and chief executive, Hans Christian Madsen, has predicted that the tax protest launched by land operators will not be successful, although it has delayed the liberalisation process. In the meantime he explained that the state monopoly was forging ahead with its restructuring, training and management arrangements in order to achieve the best possible market position by mid-2011.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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