Category Archives: Denmark

Denmark mulling sale of state-owned Danske Spil’s online gambling organization


April 11, 2016

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denmark-danske-spil-saleDenmark’s authorities options to provide off the state-owned Danske Spil betting operation but opposition politicians are accusing the authorities of killing the goose that lays the golden eggs.

Past week, the Danish authorities uncovered that it was mulling a sale of Danske Spil’s online gambling operations, which include its online betting, poker and casino organization, while keeping its lottery organization beneath state regulate.

Brian Mikkelsen, deputy chairman of the Conservative parliamentary group, instructed Danish organization media outlet Borsen that promoting Danske Spil’s betting organization would be as uncomplicated as snapping one’s fingers. Mikkelsen advised a sale could be finalized within a single yr of the organization becoming formally put on the block.

Some observers have estimated that the state could recognize up to DKK 3b-4b (US $460m-613m) by means of the sale, a not insignificant sum for any authorities searching to plug finances gaps.

But opposition politicians have criticized the proposal to provide out, noting that what ever short-term gains the authorities realizes will pale in comparison to the regular stream of once-a-year revenue the state would be providing up. Danske Spil produced a revenue of DKK 743m for the state in 2015.

Critics have also advised that putting the country’s foremost betting operator into non-public arms could direct to a transform in ethos at Danske Spil, which include the imposing of betting limitations on sharp bettors.

Danske Spil held a complete monopoly on all items gambling in Denmark right up until the region opened up its sector to intercontinental online operators in 2012. Whilst not completely productive in convincing Danish punters to patronize state-accredited internet sites, the liberalization has been held up as a model for other marketplaces searching to transition from a state-run monopoly to a more open up technique.

Scenario in level: Sweden is planning a new gambling framework that is expected to call for the privatization of its Svenska Spel gambling monopoly and a transition to a more open up online gambling market.



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