Denmark’s gambling authority Spillemyndigheden issues Brexit residency warning

Denmark’s gambling authority Spillemyndigheden issues Brexit residency warning

Added:
Posted by: AffPapa

Denmark’s national gambling authority Spillemyndigheden has emphasized the fact that all licensed online gambling incumbents should ensure that their registered business entities reside in either an EU or EEA nation. The Danish authority has announced this warning as the UK government and EU counterparts enter this week’s ‘final negotiating window’ in order to obtain a reciprocal trade deal before the EU Council Summit on 10-11 December.

Should no trade arrangement or further extension be triggered, the UK and EU will proceed to end the current ‘transitional agreement’ on 1 January 2021, with the UK no longer being allowed access to the EU market or member state privileges. Denmark’s revised Gambling Act specifies that an individual must reside in Denmark or an EU/EEA country in order to maintain a Spillemyndigheden authorised online gambling licence.

Spillemyndigheden has warned its UK residing businesses that as of 1 January “licence holders that are established in Great Britain after the end of the transition period are responsible for complying with the requirement of a representative in connection with their Danish licence if their circumstances change with Brexit”.

Impacted businesses have been asked to reference ‘Annex C’ of Denmark’s Gambling Act, in which operators are allowed to transfer licences to new representatives approved by Spillemyndigheden. Annex-C needs all licensed operators to come forth with a ‘full declaration of the representative’ revealing personal information including employment history, personal residence, criminal records, debt and connection with the licensed business.

  • Better Collective to advance in Netherlands via 2 new deals
  • Lottoland fined by €760k for money laundering