The online gambling market in Denmark will operate under a regulatory framework from the early months of 2012. Regulatory bodies in Europe have been approached by the Danish Gambling Authority (DGA) to formalize agreements in this regard. Quite a few agreements are reported to have been formalized already.

Denmark Gambling Authority Signed Agreements with the Isle of Man Gambling Supervision Commission

An agreement related to sharing information and bilateral cooperatives has been signed between the DGA and the Isle of Man Gambling Supervision Commission. A collaborative agreement has also been reached with the Alderney Gaming Control Board. However, the agreement has not yet been formalized. Both agreements will come into force only after the Danish Gaming Act starts to operate from next year.

The details of the agreements have not yet been disclosed publicly. However, it is believed that there is a provision in the agreements to adopt a more attainable licensing format in the country. Operators, who want to apply for licenses have to go through the procedures followed in other jurisdictions. However, the licensing procedure is simpler for operators who already own a license from a recognized jurisdiction. Such provisions in the agreements have been appreciated by experts in the industry.

Rules Regarding the Place to Apply for Licenses have been Changed

Much to the relief of the potential license applicants, rules related to the location of their internet gambling systems have been changed. DGA will consider license applications from offshore companies only if the regulatory authority of the country, which the offshore company belongs to, has an agreement with the DGA. A hearing will be held by the DGA in this regard on December 29th at Copenhagen.

Danske Spil Released Tender to Provide Software Platform for Internet Gambling

A tender was released by the state gambling monopoly of Denmark, Danske Spil, to provide software for sports betting activities. Danske Spil wants to prepare itself to operate in the liberalized market. The activities to be covered by the internet gambling platform include pre-live betting, fixed odds betting, betting on pool games and live betting. To offer these features, the software is required to come with features that facilitate functions like odds determination, listing match details, prize handling, bonuses and sales.

Danske Spil is yet to integrate the software into its sales channels through internet sales and retailer terminals. The software provider will have to monitor Danske Spil communication channels, handle solution hosting and train the staff members of the national lottery. Currently, Danske Spil operates with an in-house software provider.

EU Approves of a Lower tax Structure for Online Gambling in Denmark

The proposal to reduce taxes rates for online casinos in Denmark has been approved by the EU. One of the highest taxing nations in the EU, Denmark, levied a flat 20% tax on all online gambling operators offering products like online roulette. Land based operators in the country are required to pay a 75% tax.