The board of Danske Spil has elected Karsten Fogh Holanng as inbound Chief Executive of ‘Licens Spil’ (licensed games) – the sportsbook and online gambling unit of Danske Spil, Denmark’s state-owned gambling operator. Holanng, who has served as Chief Information Officer of Licens Spil since 2016, will take leadership of Danske Spil’s online gambling unit in February of 2022. The …
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LeoVegas secures Danish licence extension until 2026
Spillemyndigheden, Denmark’s Gambling Authority, has renewed the operating licence of LeoVegas AB for a further five years, until 2026. The extension will allow LeoVegas to continue operating its online casino and sportsbook brands for the regulated market of Denmark, which reformed its online gambling laws in 2018. LeoVegas has operated in the Danish market since 2016 and has since become …
Read More »Danish operators reminded of their money laundering Act duties
Spillemyndigheden, Denmark’s gambling authority has reminded licensed incumbents of their duties to report suspicious AML activities to FIU – Denmark’s Money Laundering Secretariat. The warning comes as FIU updates its ‘list of AML indicators’ that must be reported on by Danish licensed-or-registered businesses working within high-risk compliance sectors such as banking, trading, insurance and gambling. The compliance duties of Denmark’s …
Read More »Danish gambling abides by new advertising complaints board
Strengthening the ‘code-of-conduct on advertising’, Danish operators have launched ‘Spilreklamenævnet’ – an independently managed complaints board monitoring gambling advertising and media. The founding of Spilreklamenævnet forms part of planned advertising directives for Danish Gambling announced in 2018, which saw regulated incumbents pledge to observe new binding code-of-conduct protections on gambling advertising. The complaints board will be managed by Danish professional …
Read More »Online casino outperforms betting for first time in Denmark
The GGR for online casino in Denmark last year may have surpassed that of sports betting for the first time since the partial liberalisation of the country’s gambling market in 2012, but the sector swing in 2020 might not be a sign of things to come. As revealed in the Denmark Betting Focus report by BtoBet, which is available to …
Read More »Danish Treasury backs merger of Danske Spil and Klasselotteri
Nicolai Wammen, Denmark’s Minister of Finance, has stated that his department supports a merger of state-owned gambling operators Danske Spil and Danske Klasselotteri. Reporting to Folketing (parliament), Wammen expressed that a merger would ‘create a better strategic framework’ for the state-owned assets and how their charitable contributions are distributed, benefiting Danish society. Furthermore, Wammen detailed that both companies were in …
Read More »Pernille Mehl ends tenure as CEO of Danske Spil’s lottery unit
Danish national lottery and gaming provider Danske Spil has announced that Pernille Mehl, CEO of Danske Lotteri Spil (DLO), will leave her role after six years with the company to take on a new position as CEO of a tech company. She will remain at DLO until November 1 at the latest. As of writing, Mehl was not in a position to reveal exactly …
Read More »Spillemyndigheden to block 55 unlicensed websites targeting Denmark
Spillemyndigheden, Denmark’s gambling regulator, has secured a court approval to block 55 websites that had been operating without the relevant licences in the country. This is the highest single number of sites to be closed off since the regulator began intercepting illegal websites in 2012. Including the 55, it has now blocked a total of 145 domains to date. Spillemyndigheden …
Read More »Better Collective hits high notes ahead of 2021 transformations
Better Collective AS has backed its digital portfolio and long-term business strategy after the company maintained its growth profile by navigating a year of unprecedented headwinds. Publishing its full-year (FY) 2020 results, Better Collective recorded corporate revenues of €91 million – up 35% on the corresponding €64.5 million from FY2019. Corporate performance was boosted by a strong close to year-end …
Read More »LeoVegas wary of tricky markets despite record Q4 performance
LeoVegas AB has reported its ‘strongest fourth quarter ever’ but has found going tough in its core Nordic markets. Changes in regulations in both Sweden and Norway, and large tax increases in Denmark have caused the company’s Nordic profile to strain, but the group has still been able to report adjusted EBITDA growth of 25 per cent for the full …
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