Denmark to Issue Online Gambling Licenses – Pushing Out Malta?

10/05/2011
By Pamela PattersonGoogle

 

Nothing benefits a consumer more than a little competition! Now that Denmark is going to start being able to offer online gambling licenses, Malta won’t be the only EU member-state authorized to offer these in-demand (and often time prohibitively expensive) licenses.  Online casino operators fork over the (fork-lift) of cash to pay for a Malta license because it is recognized as being one of the most reputable license as Malta must adhere to strict EU standards for responsible and safe gambling.

 

Now that Denmark will also be offering these licenses (starting in early 2012), the competition is going to become fierce.  Currently companies who are licensed in Malta but are non-Malta residents pay 35% tax on income.  Currently it’s being said that the Danish government will charge 20% (not clear what the costs will be for residents vs. non-residents). 

 

It will be interesting to see how the market changes now and how online casinos operators will react.  An EU license is a serious asset for any online casino and now that Malta must compete with Denmark they’ll have to offer incentives to keep their current licenses as well as entice new licensees.  Malta might also have to offer more strict regulations and adhere to more serious player-protection policies in order to compete with Denmark. 

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