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Denmark Ready For Online Gambling
01/01/2012 : D verification glitch aside, a new era starts for Danish internet gambling on January 1 2012
From January 1 2012 Danish online punters will hopefully have more competitive and diverse offerings available to them as the market opens up after years of restriction and monopolised gambling.
It won't quite be the full Monty, however; ID verification technical delays will mean that the full implementation of the new regulatory framework under the Danish Gambling Authority will not take place until February 1st. In the meantime operators will be expected to use their usual verification measures and precautions.
Sports betters will particularly benefit from a more competitive environment; under the old monopoly the state typically pocketed a 20 percent margin, compared to the more attractive eight percent usually available in a competitive market like the UK.
Internet casino players will benefit from more competitive promo offers and a wider choice of games and online venues.
Unlicensed operators can expect short shrift from the Danish authorities now that a regulated and more open market is in place. Danish tax minister, Thor Möger Pedersen, has warned that his government will follow the US example and block illegal internet operators seeking to service Danish gamblers.
“The orderly market means, among other things, that all gambling operators without a licence from 1 January 2012 risk that their website or payments will be blocked,” he recently stated.
His warning has been heeded by at least some online gambling operators, among them Britain's Coral, which recently advised its Danish members that it would be stopping their service.
Denmark's 20 percent tax on gross income should bring in handsome returns from the 38 companies that have so far been granted a total of 55 licenses. Some 19 of those companies will offer sports betting – of the remainder, 13 are exclusively online casinos.
The 19 companies that have obtained licences to provide Danish sports betting are: Betfair, Betsson, Bonnier Gaming, Cashpoint, DanBook, Danske Licens, ElectraWorks, Entraction Operations, Hillside, iGame, Interactive Sports, InTouch Casino, Ladbrokes International, Nordic Betting, Nordic Odds, PKR Technologies, Scandic Bookmakers, Stanleybet International and Unibet.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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