Danish Online Gambling Reform Delayed
Thursday, September 30th, 2010
Earlier this year, the European Union declared that Denmark’s gambling monopoly violated EU regulations for free trade. The reform of these laws, however, will not be as quick as it was for France. The legislation, which was originally scheduled for January 2011, has now been pushed back to later in the year.
The Danish Gaming Board has stated that it is too busy issuing licenses to deal with the legislation reform. Currently, dozens of operators have applied for licenses to operate in Denmark, which is a situation that the gaming board is not used to since it previously only dealt with one operator. Industry insiders predict that the reform will begin sometime in April 2011.
Although the majority of the monopoly will be disbanded, there is talk that the monopoly will still be responsible for administering the lottery, bingo games and scratchcards. All other gambling activities – online and not – will be up for grabs by private gaming operators, who will be classified under one of two categories: poker and casino games or sportsbetting.
All new licensees in Denmark will be required to pay €36000 to apply for a license and are subject to yearly fee up to €200 0000, depending on each company’s gross profit.
You must be over 18 years of age to register and to place a bet. The company reserves the right to ask for proof of age from any customer and customer accounts may be suspended until satisfactory proof of age is provided.
St Minver Limited is licensed by the Gibraltar Licensing Authority and regulated by the Gibraltar Regulatory Authority under the 'Gambling Act 2005'.