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Author: Ivan Mostovoy17 september 2019
Denmark is one of the richest countries in the world and one of the top ten most promising jurisdictions for foreign investors and entrepreneurs. Within the territory of the country, almost all types of commercial activities are allowed, including the gambling business.
Please find hereby some relevant analytical data, excerpts from the reports of the local regulator, a description of the main nuances of registering a gambling license in Europe, and useful information on the taxation system for the gambling sector.
In Denmark, local and foreign investment in online gambling has gained widespread and has developed due to several factors.
Reasons for the stable growth of the gambling segment
A well-thought-out and regulated control system for gambling establishments. On the territory of the jurisdiction, there is an appropriate authority — the gambling regulator Spillemyndigheden.
It not only establishes the rules and the procedure for organising games for the money but also regularly publishes reports and summary information on the current situation in the gambling industry
Gambling business in Denmark is included in the list of officially legal work, and therefore, it comes under the rules of the European free trade zone
The jurisdiction is considered to be a country with a smooth-running economy. The standard of living here is one of the highest in the world
Forms of business organisation
Foreign investors can deal with almost any type of the gambling business (we will talk about some of the restrictions a bit later)
The country offers a simplified system for applying for the legalisation of the business remotely.
If you have all the necessary documents, the application will be processed and granted within three-six months
Only a decade ago, the gambling industry in the country was completely monopolised. The situation changed only in 2010.
The largest local corporation, Danske Spil, has reserved the exclusive right to organise the following events:
Foreign entrepreneurs can deal with the following operation modes:
The local regulator has opened access to the following data: in the second quarter of 2019, a 6.1% increase in revenues in the virtual sector was recorded. The gambling industry received a profit of about 256.1 million dollars.
As for the profit relationship of the main operation modes in the market, the situation is as follows:
In the second considered half-year, the regulatory body has registered a certain bias towards mobile gambling. Personal gadgets are preferred by 50.27% of players.
In the second quarter of this year, offline gambling has increased its turnover by 6.5%. Consolidated revenues of the industry are 98 million Danish kroner. Most of the profit came from the devices installed in special zones, and 29.6% was the revenue from slot machines that are located in public catering facilities.
The gross margin of the industry for the current reporting period is 1.25 billion Danish kroner. The indicator is 3.6% higher than the figures for the reported data for the past quarter.
Internet business and the offline market are tightly-controlled. According to the requirements of the local gambling regulator, applicants should have at least eight certificates issued by several independent commissions. At the same time, the country has a system of remote filing of applications and provides some exemptions from the tax authorities.
To obtain a permit for organising casino games or sports betting operators should file the following documents:
The Taxation System.
The taxation system is based on the collection of a fixed percentage of the gross income of the enterprise. Revenues are calculated according to the following scheme: the burnt bet minus the size of the paid prize.
The country has separate taxation criteria for different types of activity:
The Price Table for Casino Licensing.
Those foreign operators who file an application remotely are provided with the following tariffs:
Maintenance of a Permit.
The annual fee for maintaining the license is calculated according to the following pay scale:
Denmark is one of the most popular jurisdictions for launching gambling websites. The country attracts not only with its economic stability but also with more than loyal conditions for working both in the local and European markets.
The main thing that you need to keep in mind is that it is necessary to follow the established standards and meet the requirements of the local regulator. Our advice is to contact qualified specialists and get the most detailed information on all the nuances of casino licensing in Denmark.
We do not recommend you to legalise a gambling startup on your own if you do not know the nuances of the gambling legislation. Cooperation with Win Win Casino is the best way to avoid pitfalls and effect the desired result in a very short time.
Our team will tell you how to launch a gambling project in Europe and work in the international market with minimal risks and investments.
Leave an application to our managers and become part of the largest financial market of our time right now:
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