Denmark is poised to introduce a package of new amendments to gambling legislation as it has received the nod from the European commission.
The new amendment is going to introduce several important changes to the present legislation by the year end 2015.
Denmark is among the few countries which appeared to have discovered a successful formula in controlling the gambling industry and the recent reports from Denmark suggest an increase in the total gambling revenues and 2014 had witnessed a growth of 2% compared to year 2013.
Observing the positive turnout in future, the authorities of Denmark have resolved to change the present legislation by fortifying the measures in place related to money laundering, effecting changes to the taxation applicable on the gabling operators under license and introducing a new license which is particularly focused on daily fantasy sports
After the approval, the amended laws will distinguish operators depending on their yearly earnings, which will result into increased license fee to operators earning revenue of more than $16 million (KR100 million) per year, and reduced license fee for operators earning less than the KR100 million ceiling. This however as reported by PokeFuse, will not bring in changes in the gaming taxes and a 28% corporation tax will be levied on online gambling along with a 20% against the gross earnings on gaming.
The Danish legislator is of opinion, that the new amendments would lead to the fast growth of the gambling industry and also open the doors for the new operators entering into the legislated country market.
Some of the sites that offer gambling services online to Denmark, having a state issued regular license are bwin, PokerStars, Unibet, Partypoker, NordiceBet, Danske Spil, Scandic Bookmakers and ParadisePoker until this date. Spillemyndigheden, the Danish gaming authority in a report showed these nine accounted for $400 million of gaming income.