End of Online Gambling Monopoly
There have been rumors swirling about to the idea that the Danish were losing the fight to maintain online gambling solely within their country, and now it looks like they may have given up the fight for good. Denmark is now saying that they might allow online gambling instead of continuing to fight the influx of it into their country.
The European Union has been coming after them for some time now in an effort to get them to accept online gambling, and it looks as though they may have worn them down at long last. Their Minister for Taxation, Kristian Jensen, was on a Danish radio station and mentioned that the times they may be a changing.
Jensen told the station that the government was looking into reform that would allow for licensing of online gambling transactions within the country. Jensen said that if the other countries that want to invade them with their online gambling groups can live up to the strict regulations’ that the company has put in place https://casinoslots-ie.com/joycasino, there may be wiggle room.
Jensen said that they might be open to allowing other countries’ online casinos in to market their sites, but they would have to toe the line and abide by their rules. Saying, ‘I do not wish any Wild West situation. I want a regulated market,’ leaves many to believe that it is possible and can be done.
If it were to come to pass that they did allow online gambling in from other countries, those countries would definitely see an increase in their sales. Denmark is known for having one of the largest concentrations of online gamblers which would simply mean they were now sharing the wealth.
It seems that with all the talk of online gambling and the responsibilities that they will show if they are allowed to be legal, most of it is just that – talk – and nothing more. Online gambling groups are always saying that they support efforts to help those that might develop an online gambling problem – but it appears that they won’t support it with their checkbook.
According to the Responsibility in Gambling Trust, or RIGT, only 1,000 of 3,200 licensed UK gambling companies donated money to help with the gambling trust. That is only one in three online gambling companies willing to help out.
According to them, the majority of the contributions came from high street betting firms and casino operators, but the smaller companies – like online casinos and bookies, etc. gave almost nothing to the fund. Even with this in mind the trust still thinks that they will reach their goal of £7 million in voluntary contributions by 2010.
Their only concern is that those that have been so generous don’t start feeling taken advantage of. The amount averaged per problem gambler is £14 – which is lower than the amounts averaged in other countries. They say that the number of online gamblers with a problem is continuing to grow and will reach epidemic proportions unless they get help.
The problem is that the majority of online gambling firms have not given anything to the fund, and they are hoping that they will donate it on their own. They say that if they do not start donating to the fund, they will be looking at having to announce a compulsory levy to raise the funds instead.