888 Poker Granted License by the Danish Gambling AuthoritySaturday, December 17th, 2011 by Nadia
888 Poker is one of the 38 online gaming operators who have been licensed by the Danish Gambling Authority. These licenses will give them the right to operate online gaming sites within the country once the new framework of regulations is implemented on the 1st of January, 2012.
Implementation of Online Gaming Regulation in Denmark
Thor Moger Pedersen, Minister of Taxation in Denmark, stated that dispensing online gaming licenses will be a positive development for many of the operators in currently in the industry. This is because several of them, including some of the biggest names in the online gambling world, have applied for Danish licenses. The people of Denmark also regard the licensing as a step forward despite the country currently having no regulations to control the levels of online gambling.
In January, 2012, the new legislation will be implemented, adding to the change that has been occurring in the European online gaming markets. The new framework has been approved by both the Danish parliament and the European Commission. One of the benefits of granting the licenses is the increase in revenue for the government. All the licensed operators will have to pay a tax of 20% of their total income, accumulated from their operations in the online gaming market in the region.
Warning Issued to Unlicensed Operators
According to Pedersen, the online gambling market will be regulated from January onwards and the Danish government will ensure that the license holders who are operating online betting sites and online casinos will contribute favorably towards Danish society.
However, Pederson also issued a warning to operators who, after failing to procure a license, continue to operate in the market. He hinted that the government would use the actions taken by the United States Department of Justice against online poker, as an example while dealing with such situations.
On the 15th of April, 2011, the United States government shut down three widely used online poker rooms, Full Tilt Poker, PokerStars and Absolute Poker. Pederson went on to say that to achieve a regulated market, all the online gambling sites that are operating without proper licenses, will be taking the risk of having their websites shut down and their payments blocked.
Spain Accepts Applications for Online Gaming Licenses
Reports from Spain indicate that Groupe Bernard Tapie (GBT), the French company that bought over Full Tilt Poker, has applied for a license to operate in the Spanish market. Besides GBT, 60 other online gaming operators have submitted applications for licenses to the Spanish Government. Spain will be implementing their new regulatory online gaming framework in January, 2012. The country plans to ensure that Spanish gambling market is regulated in the same manner as it is in countries like France, Belgium and Italy.
However, GBT will be required to pay all the debts that Full Tilt incurred when the poker room was under pressure to produce profits. Among the many players that lost money and had their assets frozen after Black Friday, were several Spanish online poker players. Two other online gambling operators who have previously been granted licenses to operate in the Spanish market are Bwin.party and Ladbrokes.