Following introduction of the new Danish gambling laws, liberalizing online gambling in the country, regulators entered cooperative agreements with other jurisdictions.
The bilateral information sharing and cooperation agreements were signed between the Danish Gambling Authority and the Isle of Man Gambling Supervision Commission. Another agreement was reached with the Alderney Gaming Control Commission.
Both collaboration deals will officially take effect once the Danish Gaming Act comes into force early next year and the online casinos in Denmark are finally liberalized. Foreign operators are expected to flood the attractive Danish gaming market once it becomes open.
Industry insiders agree that the agreements between regulators could start a new era of gambling in EU, where national monopolies have been the normal way to go previously. The collaboration is rumored to include several provisions designed to create a common standard of licensing procedure.
The cooperation between regulators could come up with mutually agreed and respected requirements for licensing of gambling operators. Common access to gaming systems for regulatory purposes is also on the agenda.
The agreements are regarded as a major breakthrough in what has been seen as a stale and outdated approach to gambling licensing and regulation. Among potential results of the cooperation is the much faster licensing process and common database of operators, used for regulatory needs.
Denmark gambling news learned that the cooperation agreements could make it possible for operators, which successfully underwent licensing in one jurisdiction to enjoy an easy licensing passage in another jurisdiction.
While the current agreements are limited to three jurisdictions, experts agree that more regulators are expected to join the latest initiative.
The Danish Gambling Authority is scheduled to host a special hearing for the interested parties in Copenhagen sometime in December 20, 2011, just before the country’s market is set to be liberalized.
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