The European Commission approves licence modifications in Denmark

The European Commission approves licence modifications in Denmark

Tuesday, May 12, 2015 Totally Gaming
Denmark will allow daily fantasy games

A new licence for daily fantasy sports operators is set to be introduced in Denmark after the European Commission approved a number of modifications to the country’s online gambling legislation.

According to the Pokerfuse news website, the amended legislation will enhance anti-money laundering measures and modify operator licences, as well as create the new daily fantasy sports licence.

Licensed companies that generate revenues of more than KR100m (€13m/$15m) per year will pay higher a higher licence fee than those that do not reach the threshold.

The tax thresholds will remain the same, with online gambling companies subject to a 28-per-cent corporation tax after a 20-per-cent tax on their gross gaming revenues.

The Danish gaming market has recorded significant expansion over the past two years, and the amendments are likely to come into force by the end of 2015.

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