Denmark: Gambling Regulator To Make Deposit Limits Mandatory From 1 Jan, 2020

Denmark: Gambling Regulator To Make Deposit Limits Mandatory From 1 Jan, 2020

Denmark’s gambling authority Spillemyndigheden has announced several new restrictions regarding its online casino certification. The gambling regulator has confirmed that all online casino licensees will have to comply with a mandatory deposit limit starting Jan 1, 2020.

From the beginning of the coming year, customers of all online casino operators will have to abide by a fixed weekly or daily deposit limit before they wager on online gambling sites.

The move to introduce a mandatory deposit limit is aimed at restricting money laundering activities.

Stricter Online Gambling Regulations

The gambling regulator has also attempted to restrict the promotion of online gambling products. It also sets a limit to the amount a player can spend and wager to be eligible for a bonus offer.

The operators approved by the gambling regulator are now required to explicitly show information regarding how to get help with problem gambling. To promote responsible gambling, the operators should also publish a link to the national gambling self-exclusion register – ROFUS.

The update from the regulator also says that the registration should be allowed directly from an operator’s website. This means that players can register themselves with the national self-exclusion register directly on a gambling website making it easier for problem gamblers and eliminating additional processes involving sending an email to a customer service rep.

Licensed gambling operators should also maintain a player’s gambling records for at least five years. Moreover, they are required to train staff and have rules within the company to promote responsible gambling.

The gambling operators should also display the gambling regulator’s logo on their website. This is to make it easy for those visiting the gambling sites to identify if the gambling regulator is approved by the country’s gambling authority.

The new updates follow an increase in taxes announced by the Danish government. With the revised taxes, the gambling operators in the country now have to pay 28% of gross gaming revenue.

The tax hike will come into effect from 2021. The earlier tax was 20 percent of the gross gaming revenue.

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