News Danish Brexit Warning

Danish Brexit Warning

-

Gambling industry operators in the nation of Denmark have been warned about their status in the country following the UK’s exit from the European Union.

Spillemyndigheden, the national gambling authority of Denmark, has issued guidance that reiterates the requirement for all licensed online gambling incumbents in the Danish market to ensure that their registered business entities are officially resident in an EU or an EEA nation.

The Danish authority has put out the warning as the UK government and their EU counterparts enter what has been described as the ‘final negotiating window’ to secure a reciprocal trade deal that can be confirmed at the EU Council Summit, which is due to get underway on December 10.

With talks apparently stalled, if no trade arrangement or further extension to the Brexit process is agreed, then the UK and EU will then consider that the current transitional agreement will come to an end on January 1, next year. From that point on, the UK will no longer be allowed EU market access or any of the privileges of being an EU member state.

According to the terms of Denmark’s revised Gambling Act, any individual or company holding a Spillemyndigheden authorised online gambling licence must be officially resident in Denmark or in an EU or EEA country. Spillemyndigheden has therefore issued a warning to its UK residing businesses that will apply from the start of 2021.

The regulator has stated that any license holders established in Great Britain following the end of the transition period will be responsible for complying with the rules. Those businesses that might be impacted have been referred to Denmark’s Gambling Act, which sets out in Annex C, the process through which operators can transfer licences to new representatives who have been approved by Spillemyndigheden. According to Annex-C licensed operators will be required to make a full declaration about the representative, including details of any debts, connections to the operator, addresses and other positions held.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

BGC Issues Football Social Media Rules

UK betting industry body the Betting and Gaming Council (BGC) has released new rules that are aimed at...

UKGC Calls Time on Consultation

The UK Gambling Commission (UKGC) has issued a last call for evidence on the issue of how it should...

UK Politician Speaks Out on Affordability Checks

UK Conservative MP Laurence Robertson has spoken out over the proposals for affordability checks in the UK gambling industry,...

Kindred Reveals Extent of High Risk Gambling

One of the biggest betting operators in the UK has become the first to make public the...

New Report Shows Effects of Problem Gambling

A new report has been presented to the UK government, which details the costs of problem gambling...

UKGC Tackles Game Design

The UK gambling regulator, the UKGC has announced a new range of measures which are aimed at...

Must read

Guide to Online Casino Bonuses

Anyone who has visited an online casino site...

The online casino sector is one of...

You might also likeRELATED
Recommended to you