Maltese gambling and online casino operator Casumo has won a five-year license to continue its operations legally in Denmark.
In a recent announcement, the company has said that the Danish Gambling Authority (Spillemyndigheden) has granted them a permit with a five-year validity to offer online gambling services in the country.
It is a significant development for Casumo. The company has already been in trouble over illegal operations in the Netherlands and earlier last month, the Dutch gambling regulator Kansspelautoriteit (KSA), had slapped them with a six-figure penalty.
Casumo was fined €310,000 ($348,500) for offering gambling and casino access to Netherlands citizens.
However, now with a secured license, the company could tap into new markets and CEO, Oscar Simonsson, has also said that gaining this license was crucial. He pointed out that it is a part of the company’s strategy to expand in regulated European markets.
Explaining the plan about the company’s prospects in Denmark, Simonsson said, “I’m confident that the Casumo brand will resonate well with the players in Denmark—those who want to experience a modern way of playing online casino. We have a solid and unique product offering, which includes our very own custom-designed live casino studio, as well as the casino rewards system that Casumo pioneered in the industry when we launched in 2012.”