BUSINESS

Denmark gaming regulation delayed

TAGs: Denmark, regulation, tax

danish-regulation-delayedEver since the French regulated online gaming, most of the complaints have come from companies disgruntled at the high rate of tax on gaming. The next major European regulated market was expected to be Denmark but companies looking to enter obviously heard the frogs causing quite a commotion and have forced a delay.

The Nordic nation, home to bevies of blonde beauties and a lot more besides, proposed a 20% flat tax rate on gross win across all products in addition to an annual license fee of between €7,000 to €200,000 dependant on gross win. It was originally hoped the service would then be launched in January 2011 but there’s been rumblings of discontent.

There was a statutory standstill period for the European Commission to review the draft law, which itself ended on 11th October, but it’s understood a complaint was lodged against the proposed rates.

Bet24, Ladbrokes, and Betsson have already criticized the high rate of tax and other aspects of the draft law, such as proposals to keep certain products within the remit of the monopoly, Danske Spil.

The Danish minister for taxation will now travel to Brussels to resolve the dispute. They have continued to reiterate that they’re well within EU law and it’s hoped everything will be sorted so that services can be launched by next summer.

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