eGaming Review August 2014 - 123 | Page 9

/ THE BRIEFING / NEWS NETHERLANDS FRUSTRATED OPERATORS CONSIDER DANISH FUTURE Danske Spil’s dominance of the regulated online gambling market in Denmark could lead to foreign operators pulling out of the country due to its lack of profitability. The former Danish monopoly currently has an estimated 60% of the market and a source at a major rival said the cost burden of competing fiercely for such a small market share could soon prove too high for some businesses. “Companies like ours are competing for only about 10% of the market, so we have to ask whether it is worth doing all the investment and costs of compliance needed,” he said. “I would not be surprised if operators surrender their licences in Denmark like many did in France and Spain,” he added. DENMARK POLAND POLISH TAX RATE WILL KEEP OPERATORS OUT UK Operators have responded I TA LY RATIONAL GROUP TARGETS ITALIAN ONLINE CASINO MARKET PokerStars owner Rational Group is preparing to launch its Full Tilt online casino in Italy for the first time as it continues to extend the brand across regulated Europe.  It is understood that Rational has applied to the W W W. E G R M A G A Z I N E . C O M Italian regulator for the necessary permit and, if successful, will launch the casino via the fulltilt.it domain, which is currently a holding page for the site. However, when asked to comment on the licence application, a spokesperson for Rational remained tightlipped on the prospect of entering the Italian market. EUROPE UPDATE N E W S EGAMING UPDATES BY COUNTRY negatively to the Polish government’s plans to attract more foreign egaming firms to apply for licences claiming the proposed changes do not go far enough with the tax rate still too high. Poland revealed it was planning to open its doors to foreign-based firms by removing the requirement that remote operators must first establish a company within its borders in June. A number of operators said that while the regulatory reduction is welcome, it is the country’s uncompetitive tax framework which proves to be the biggest deterrent for operators. Depending on the type of bet, the tax rate varies between 2.5% and 12% of revenues. 9