Email Email. WhatsApp WhatsApp. Home News Finance. Social Responsibility. Initially, slot machines were recognized as legal gambling, but the game was played with simulated money. This approach had a negative impact on the market and contributed to the scaling of the shadow segment.
The latter was represented by the work of underground bars, where a limited circle of the elite was allowed. The first official casinos appeared in the country in , which certainly hit the underground bar network hard. Operators from neighboring countries became participants in the Danish gambling market. Even then, the license was a privilege, and, in order to obtain it, companies were required to meet strict requirements and get through a competition.
One of these requirements was the opening of a business together with a Danish resident, which explains the emergence of casinos at hotels. Soon, technological progress led to the emergence of a new form of gambling: this is how online casinos and virtual bookmakers began to appear. The market, which was predominantly represented by international operators, scaled up at an accelerated pace, but funds flowed past the state treasury, so the Danish authorities in decided to terminate the work of unlicensed operators.
Banking structures were forbidden to service transactions in foreign currency, which were made in favor of violators. Since Danish and European legislations in many ways contradicted each other, in the form of a compromise, a law was adopted in to regulate the Danish gambling market. The law entered into force on January 1, This moment can be called a turning point since it was then that the long-term monopoly of Danske Spil fell.
In , a number of amendments were adopted. They stated that the rules for the operation of foreign companies in Denmark had been tightened. The foreign operators were obliged to obtain special work permits in Denmark and paid a higher tax rate than resident companies.
The Danish gambling market is currently governed by the amended gambling law and a series of government decrees. It is in charge of both the land-based segment of the gambling business and the online industry. The first is represented by the work of gambling establishments, slot machine halls, bookmakers, lottery kiosks. The virtual segment involves online casinos, as well as betting and lottery platforms.
In addition, games that require special skills and social gambling there is no compulsory licensing for the latter are distinguished on the territory of the country. One of the interesting features of the Danish licensing system is the availability of the limited permissions option. The latter can be of several types — on income or turnover. The cost, term, and procedure for obtaining such licenses are facilitated. The term for obtaining a full-fledged betting permit or casino license is six months, as in the case of receiving a Malta gambling license.
The land-based gambling industry in Denmark is represented by the work of eight gambling companies. This is the maximum number limited by licensing regulations. The peculiarity of the jurisdiction is that if all eight licenses have been already obtained, it is possible to become a part of the market only if one of the operators exits it.
At the moment, seven gambling companies operate on the territory of the state. Users have at their disposal a similar number of gambling establishments. The largest number of them, namely two, are located in Copenhagen. As mentioned earlier, at the dawn of the formation of the country's gambling market, foreign companies entered into partnerships with local businesses.
Is virtual gambling legal in Denmark? Yes, it is. And, unlike the land-based segment, the online industry is not limited by the number of licensees. The most popular online casinos in the jurisdiction are MegaCasino, Casino Action, CasinoLuck, and Casino that offer games by the best providers of online casino software. It should be noted that Danish gambling legislation has never been excessively liberal; nevertheless, over the past year, many rules for the gambling industry have been considerably tightened.
Most of the changes are directly related to the implementation of the principles of responsible gambling. In December of the previous year, the Danish government announced its intentions to increase the tax rate for online operators. However, the operators have a different opinion. They believe that this way the authorities indirectly cut marketing budgets for business owners. As part of changing the rules for certification of market participants, the gambling regulator announced the introduction of a limit on the deposit.
The rule came into effect on January 1 of The change was planned as part of the user protection program. In addition, restrictive rules will apply to gambling advertising, and the process of self-restriction of players will be automated.
To keep abreast of how the situation is changing, follow the latest gambling news. Lottery monopoly Danske Spil introduced new rules for identifying users.
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