Betsson shuts its Betsafe brand’s Danish-facing site ahead of Denmark’s online gambling tax hikes that will take effect in January 2021.
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The Story
Betsson has announced that it is shutting down its Betsafe site in Denmark due to the Danish government’s announcement that it would boost its online gambling licensees’ tax rate on gross gaming revenue from 20% to 28% effective January 2021. On Monday, Betsafe.dk posted a notice on its home page informing customers that the site “is closed and that you will therefore no longer be able to play on our site.” Denmark’s regulated market has been hailed as a success for its ability to ‘channel’ local gamblers to locally licensed sites but Pontus Lindwall, CEO of the Stockholm-based Betsson, said the government’s admission that “channelling will be adversely affected” by the new taxes is “an offensive act” in terms of gaming policy.
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