Due to complaints from land based gambling companies, the new Danish gambling law is headed back to the European Commission for further review.
The complaint from the land based gambling companies is that the tax provisions of the new law are unfair.
This comes following reports that Danske Spil, the former state online gambling monopoly, would have to abandon it’s online poker b2b deal with the world’s leading listed online gaming company, Party gaming. This follows a complaint from Playtech plc regarding tender procedures. Playtech has stated that they would retender on the deal.
A Danish spokesman for the Danish Tax authorities stated: “The land-based operators say this could be a state aid problem….We don’t agree but to be sure we will notify the European Commission.”
The new Danish law requires that slot machines and casino revenues be taxed at rates between 45 and 75 percent. However, the rates for online gambling would be 20 percent. The operators of the land based casinos say this gives the online operators an unfair advantage.
Denmark has six land based privately owned casinos, and legal slot machines in bars, restaurants and amusement arcades.
One land based casino supporter said: “These online operators have acted illegally in Denmark for many years and now they are getting a big reward for that by paying one-third of the tax that the land-based companies are paying”.
Stakelogic, a renowned online casino provider started a collaboration with Denmark’s leading brand, Danske Spil, to further expand its presence across key European markets. The supplier will release its comprehensive slot catalog, which will provide Danish players with access to a wide range of games including Lucky Gold Pot, Extreme Megaways, Jade of the Jungle, Wild Stocking and more. In addition, the Danish brand will also integrate titles from the Greenlogic program.
As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously.
Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.
Relax Gaming (RG) saw its Gibraltar subsidiary, Relax Gaming Gibraltar, receive United Kingdom Gambling Commission approval, which indicates new growth opportunities "in one of the most important markets in the world." This means that RG games are available to UK providers via its Gibraltar subsidiary, which the group welcomes as “another milestone” in the group's continued growth strategy.
