Denmark Begins Accepting Proposals For Land-Based CasinosPublished November 21, 2020 by Sol FH
Potential land-based casino operators will have until January 29, 2021, to submit an application.
Denmark currently has 8 active licenses for land-based casino operations. That is about to change, as the national regulator (Spillemyndigheden), has issued a call for applications to establish new casinos, until January 29, 2021. In addition, Denmark will be accepting applications for casinos onboard ships in regular service.
Licenses will be considered by Spillemyndigheden, local municipalities, the Ministry of Taxation and the Ministry of Business, police leaders, the Danish Maritime Authority, among others.
Danish land-based casino licenses are granted for 10 years at a time and their due-process is of the most stringent in the world. There has also been a permit issued for a casino based in Copenhagen, which is set to open at the end of this year.
Casino operators will need to prove that their casino can be operated in a professional manner, including finances. Experience is a necessary factor in receiving approval, so is the ability to cover all operating expenses.
The Coronavirus hit Denmarks regulated gambling revenue to the tune of 19.2% year-on-year.
Online gaming in Denmark has taken over and it is the second-highest rate of participation in Europe. Sweden is the only country with higher online participation.
To get a license in Denmark is to work in one of the most regulated markets in the country and players can rest easy when playing therein. Online play has dropped among Danes aged 18 and over since its foundation in 2012, which may be one of the reasons Spillemyndigheden is accepting new proposals.
Whatever the case may be, Denmark is poised to earn a lot from tax-revenue, that is when land-based casinos are officially allowed to open on a large scale again.
Decisions on the operators that have been granted licenses will happen in 2021, about the same time that we hope a vaccine will be found for the novel Coronavirus.