Denmark First
While Norway kicks out all of its gambling and slots casinos, their Danish neighbor seems to be going in the opposite direction. Denmark has now officially announced their plans to deregulate their current monopoly that is called Danske Spil, who up until recently have been the only provider of gambling services. As a member of the European Union, they have already agreed to a free trade clause, which their monopoly was obviously in direct conflict with.
The European Commission, who has been charged with the duty of making sure that all members of the Union comply to the agreement, has been prosecuting the country for their violation. Not only did the monopoly mean that there was only one supplier in Denmark, but it also ruled out the possibility of foreign companies operating within the country as well.
While the offerings of the Danske Spil were varied, they certainly couldn’t compete with the extensive variety that all the different online and land slots casinos have to offer these days.
Denmark specifically is open and excited about the idea of welcoming online gambling into the country, since other countries are leaps and bounds ahead of the Danish market. This will actually benefit the economy as well since there will be fees and tariffs imposed on outside licensing.
Also, the revenue from gambling is put to good use, which is one more reason that the legalization of the industry is a great idea. Another interesting point to mention would be that this might also be the end of Sweden’s similar Svenska Spel organization, if they want to continue to be part of the EU.
Back to May 2009 Archive.
