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Denmark a more liberalised gambling market
6/1/10 - July 1st promises to be a red letter day for Danish gambling as legislation comes into effect, for the first time legalising and licensing online gambling other than that through state monopoly Danske Spil.
A license is required for poker and casino operations and a separate authority is required for sports betting. Bingo operators have thus far apparently been excluded
The state monopoly, which is already licensed, has been given a six month head start on the market because the new licenses will not be issued until January 2011. Danske Spil inked an agreement with Party Poker earlier this year that will see it using that company’s poker and casino platform in 2011.
Danish ministers have already been active in warning any unlicensed operator entering the Danish market that harsh measures will be taken that can include compulsory ISP blocks initiated arbitrarily by the Danish authorities and affecting both gambling operations and associated promotional activity.
Licensing costs are high at Euro 140 000 p.a. for each licence, and applicants will have to have a physical Danish presence, along with reporting systems that will satisfy Danish taxation requirements. And the tax level planned is reported to be around 20 percent of gross revenues.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
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.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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