Discussions On Sale Of Danske Spil Continue

DISCUSSIONS ON SALE OF DANSKE SPIL CONTINUE

12th April, 2016 at 09:06:30
Source: http://www.azonlinecasinos.com

Sale could realise billions of krone for government coffers, but Opposition members still have doubts.

Discussions are continuing on the possible sale of the Danish government's major share in the Danske Spil gambling group (see previous reports), with local media reports indicating some disagreement between the political parties.

The government is reportedly mulling the sale of all online operations whilst retaining the lottery vertical, tempted by the possibility that such a sell-off could generate up to DKK 4 billion (around US$620 million) for the Treasury.

The government view is that a sale could be quickly and easily arranged, with the deal completed within a year.

Opposition politicians are not so sanguine, and point out that short term profit may be at the expense of reliable and substantial long-term gains from an enterprise that has proved successful and profitable (last year Danske Spil returned a profit to the state of DKK 743 million.)

Others have pointed to the possibility that a private owner may not be as consumer-protective as the present management.

The debate continues.

Related News Tags: ,



« News index »



WEST VIRGINIA ONLINE GAMBLING BILL MEETS EARLY OPPOSITION (Update)

25th March, 2017 at 08:38:18
HB3067 faces political and time constraints.

MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)

21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.

CALLS FOR HIGHER GAMBLING TAXES IN KENYA

20th March, 2017 at 07:18:24
Operators brace for rising costs as parliamentary advisers call for more taxation.

REPUBLICANS FILE ANTI-ONLINE GAMBLING BILL IN PENNSYLVANIA

14th March, 2017 at 08:11:41
HB801 has echoes of last year's unsuccessful attempt authored by former Representative (now Senator) Mario Scavello.

IGT ACHIEVES ICAP RE-CERTIFICATION

13th March, 2017 at 13:44:19
Compliant with Internet Responsible Gambling Standards.