BUSINESS

Denmark relaxes rules; Gala Coral appoints former Pwin man; GigaMedia adds two to board; IG Group issues impressive update

TAGs: bwinparty, Denish Gambling Authority, Denmark, Gala Coral, GigaMedia, IG Group

DenmarkThe Danish Gambling Authority (DGA) will allow operators from any jurisdiction to apply for licenses ahead of the market opening early next year. The news, reported by eGR, means that operators based outside of locations with which Denmark signed a memorandum of understanding (Alderney and Isle of Man) will be granted a license. The rules state as long as “the licence holder can give the DGA access to perform an adequate control of the gambling system by the means of remote access or similar,” then it will be eligible for a license. The deal with the Isle of Man was signed just last week and DGA director Birgitte Sand expects the regulator to sign a similar agreement with another jurisdiction in the coming days. In addition, the regulator has encouraged anyone interested in a license to attend a hearing on December 20 in Copenhagen where a number of issues will be discussed.

Gala Coral has announced that former bwin.party man Per Widerström will be joining its band of merry-men. Widerström departed Pwin back in August after he’d served PartyGaming from early 2010. He was then made chief integration officer and group game director after the Pwin merger in April. According to eGR, he took up role as managing director of Gala Interactive earlier this month. His role covers Gala’s online Bingo and Casino brands and will see him moving to Gibraltar along with the rest of the firm’s iGaming operations.

GigaMedia has added two new members to its board with appointment of Dirk Chen and Casey Tung. Both men join the firm immediately and it’s hoped their extensive business backgrounds will help to get them out of the small rut they find themselves in. Revenues fell in the last quarter and much of it was down to “low levels of customers activity.”

Spread-betting specialists IG Group are buoyant ahead of the announcing their first-half results. The company expects revenue to rise 23% with “trading volumes lifted by market volatility.” The figure is projected to hit £193million with costs reportedly in line with expectations.

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