As many online casino players already know, without a shadow of a doubt, this practice of placing bets online whether it’s casino games such as free slots or major sports betting, has quickly become one of the most popular pursued forms of gambling world wide and this include mobile gambling as well. More recently, online casino players have been informed that the European nation of Denmark has been given total permission to establish a market for online gambling by the European Commission in a ruling that, operators have stressed, points the way to how other European countries should regulate the activity.
Therefore, it doesn’t come as a surprise that plenty of the biggest online sports betting companies are getting ready to get their hands on in the business in the newly legalized Danish marketplace. Just this past month of May, the Danish Gambling Authority (DGA) revised their stance in regard to online foreign operator and added the following to a specific clause: “In special cases, the Danish Gambling Authority may allow part of the licensee’s gambling system to be located in a country that is not covered by a bilateral supervision agreement in accordance with subsection 2 if supervision by the Danish Gambling Authority of this part of the gambling system can be conducted in a satisfactory manner.”
However, more recently the commission investigated Denmark’s plans to introduce lower taxes for online gambling than for land-based casinos after several issues presented by some existing gambling operators that the proposals amounted to state aid. Denmark’s Gaming Duties Act proposes that operators offering online casino and gaming slot machines be subject to a 20 per cent tax on gross gaming revenues – the amount they retain after paying out winnings – compared with the 75 per cent duty imposed on some land-based casinos. The commission said while the lower rate did count as state aid, it was compatible with European Union rules “because the positive effects of the liberalization of the market outweigh the distortions of competition brought about by the measure”.
Online Casinos Licensing and Regulation
Published: September 13th, 2010 by: admin
Online casinos, whether they offer real money games such as poker, blackjack or craps , or free play online slot machine games, are required to be licensed within the specific jurisdiction that they conduct base operations and in which they house their online player servers. Thusly, this means that most casinos are operated from [...]
Online casino tips
Published: January 28th, 2010 by: admin
Playing online can be a great experience but it can also turn into a nightmare. Before playing you must carefully review the site that you are about to play at. While most online casinos are very reputable, there are still some that are fraudulent. The most normal form of fraud is when a casino changes [...]
