EU Faces Off Against Countries Writing Their Own Slots Law
The European Commission, or EU, is taking a stand against countries against countries that are trying to introduce legislation on online gambling and slots play. There are many European countries in the position of moving to legalizing gambling as a way of bringing in much-needed revenues. The online gambling market is a billion-dollar one and deficits are high globally. With the possibility of legalizing and regulating online gambling and slots play, many countries see a way to solve their financial problems and balance their budgets.
Denmark is a country that is having some problems introducing legislations to its country. The EU is already accusing the country of having a “protectionist online gambling policy.” Dansk Spil is the name of the online gambling company that the EC was accusing of having a monopoly. They believed that the company was being given permission to limit online gambling and slots to their company. It was not allowing fair competition for other online gambling casino and online slots operators to enter the market.
In response, Denmark revisited its legislation and has recrafted rules for online gambling and slots legalization. The country has new laws that permit other operators to compete against Dansk Spill in the market. Ladbrokes has been one of the most vocal supporters of the new regulations and the company has made its own moves to seek licensing in Denmark once the protocols were laid out on how to do so. Lasse Dilschmann, CEO of Ladbrokes Scandinavia, stated, “While the Swedish Government has chosen to put forth arguments for a gambling market inconsistent with the demands of consumers, Denmark now chooses another way.”
That is good news for Ladbrokes and other online casinos that are looking to come into the country. Although it may take some time for the new rules to be passed because the EU still has to review new legislation, it is expected that everything will go according to plan. The EU has not yet said when it will review the new proposed laws or when a decision will be made but analysts are hopeful that the new bills will pass with relative ease.
