Denmark news – rules on poker change
Poker is a game played internationally, both online and in the casino. Las Vegas is the place most people associate with the game, but Europe is has a very strong poker industry, especially the UK and countries like Denmark. Recently. the EU created a new Danish law allowing for lower taxes for online gambling companies.
The state-run online poker companies such as Danske Spil are now subject to the same tax rates as its rivals. However, the Danish Slot Machine Association disagreed with this new rule. They believe that initiating lower taxes for online companies will lead to illegal state aid.
On the other hand, the secretary general of the European Gaming and Betting Association – Sigrid Ligné, – supported and agreed with the new law. Ligne was reported sayingssociation: “We are satisfied that this investigation has led the European Commission to confirm that differentiated tax treatment for online and offline gambling activities is justified and is the result of distinct business environments.
“Online operators are subject to a much higher global competitive pressure than land-based providers. The business model of land-based operators is completely different as casinos in particular operate quasi local monopolies in their specific geographical market”.
A spokesman from Danske Spil said that it has recently been difficult to compete with bookmakers since they are based in Malta. However, thanks to the new law, they will have to deal with Danish legislation.
It is estimated that around 25 poker companies will have to oblige to the new tax law in Denmark. It is hoped the new licensing law will break up state monopoly in all areas except lottery.
Denmark has had a long relationship with Partypoker ; they were one of the first areas in Scandinavia where the game really caught on. This could be thanks to poker professional Dane Gus Hansen and his huge success in the game. He dominated umpteen poker tournaments and is famed for his loose and somewhat aggressive style of playing, which has been adopted by many poker pros today.