Online Poker in Denmark Losing Ground

Published Thursday, August 14, 2014 - Online-Casinos.com
Online Poker in Denmark Losing Ground

Denmark created a bench mark platform for its online gambling industry back in January of 2012. The country was applauded by other European jurisdictions for its legislation governing online betting. Although the model taken up by the Danish Gambling Authority is solid and considered valid by the European Commission the market for online poker has actually run into a decline over the past few years.

Danish gambling authority Spillemyndigheden revealed that figures for the second quarter of 2014 are down significantly by as much as 20 percent over the same period in 2013. The figures don’t paint a pretty picture with online poker revenues dropping from Kr. 50 million registered in the second quarter of 2013 to Kr. 40 million for the 2014 second quarter. 2013 numbers represented a decline in revenue of Kr. 55 million in 2012. These figures represent an overall decline of 7.7 percent from 2013 and an 18.2 percent decrease from 2012.

The indication that online poker is in decline is something that other jurisdictions are also experiencing. Casino gambling revenues were still doing well in Denmark. General casino gambling revenues jumped 12.5 percent from Kr. 240 million in 2013 to Kr. 270 million in 2014. As with other operators in Europe the FIFA World Cup betting action added significant income to the coffers of the Danish government. The operators reported they had experienced the highest volumes since the market was regulated in Denmark. ­­Danish betting market revenues of Kr. 445 million represented a strong  33 percent increase from the same quarter 2013's Kr. 335 million.

The Danish Gambling Authority is strict about its policies with Spillemyndigheden instructing Danish Internet service provider Three to block a number of unlicensed operators from doing business in Denmark. It is the determination that the Authority has to keep out unlicensed operators that has given Denmark a reputation for being the model to follow in the European Union.

 

 

 

 

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