..

Internet Gambling in Denmark: “High Risk” Players Getting Tax Reform 1 January

Written by:
Aaron Goldstein
Published on:
Aug/15/2011
Internet Gambling in Denmark

Long a hotbed for Internet gambling before there was even such a thing as the online poker phenomenon, Denmark is looking to institute a new tax law by 1 January.

888poker bonus
Få en fantastisk bonus hos 888poker!

Land-based casino have balked at the idea that online gambling enterprises will pay 20 percent taxes while they, the brick and mortars, will be paying 41 percent.

A complaint was lodged with the European Union in regard to unfair competition. 

The Danish Gambling Authority promised the issue would be resolved this past June and that the market would be open for business come autumn. 

In the early 2000’s, Danish gamblers made up a rather large proportion of online casino players, many of whom were banned by operators for their savvy (translate: winning) play. 

No man came under greater fire than TheRx.com owner and Web casino magnate Marty Jensen.

“The Danish players are welcome but....there are higher player requirements for this particular group for them to receive and cash out any type of bonus,” he told Gambling911.com at the time. 

He added:  “If we see a "high risk" group we will impose these restrictions.I believe the Danish are in this group and also there are groups in the Russian territories that we've identified as "high risk" also.  So if the normal requirement is say 10 times, those in the "high risk" groups will have to roll over 20 times.  You know, we are protecting ourselves.  If they come in and win, they get paid and all is good.”

Jensen, at the time, claimed the Danes were often acting in collusion and specifically sought out bonuses. 

- Aaron Goldstein, Gambling911.com

Gambling News

First Things You Need to Know About Starting Your Own Online Sportsbook

First Things You Need to Know About Starting Your Own Online Sportsbook

The sports betting industry is, for sure, one of the biggest and most profitable you will ever find in the modern world. Betting on sports, casino games, horse racing, and other gambling products, have become one of the most popular hobbies and fun daily activities for millions and millions of people from all over the world, and if you can get in on it and run your own operation, then you will most probably start getting a good piece of the pie. 

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Investors appear concerned over Penn National's “free” customer acquisition through the Barstool brand, and DraftKings spend to acquire its customers.

Sports Betting Set For Explosive Growth in 2021:  CEOs Share Outlook

Sports Betting Set For Explosive Growth in 2021: CEOs Share Outlook

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: MGM Resorts International (NYSE: MGM), FansUnite (OTC: FUNFF) (CSE: FANS), fuboTV (NYSE: FUBO), and DraftKings (NASDAQ: DKNG).

Can Weed Help Build Atlantic City?

Can Weed Help Build Atlantic City?

Rebuilding the iconic Atlantic City Boardwalk to enable it to survive future severe storms; improving the look of the city’s main downtown business districts; helping people in underserved communities, and embracing the “blue economy” of the ocean are among recommendations from a state-appointed panel studying ways to improve the seaside gambling resort.

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

A Connecticut sports bettor and part-time poker pro has been sentenced to 14 months in prison for evading taxes on more than $1million of poker gambling winnings.  He must also pay back more than $800,000.

Syndicate