Denmark to Legalize Online Gambling
Online gambling will be permitted in Denmark beginning January 2012. The nation of nearly 5.6 million was among the first to embrace online gambling back in the late 1990’s, in part due to a widely viewed television special on the industry.
The first licenses will be issued beginning in January and will allow for sports betting, online casino games and poker with a flat tax rate of 20 percent. Both foreign and domestic companies will be welcome.
Bingo and horse racing betting will be retained within the Danske Spil state-owned monopoly.
The Copenhagen Post noted that, since1949, “the 80 percent state-owned company Danske Spil has, on paper at least, held the exclusive rights to betting in Denmark. In reality, however, increasing numbers of foreign online betting companies have been operating unregistered and illegally in the country over the past decade.”
- Aaron Goldstein, Gambling911.com
