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Denmark Changes Online Gambling Legislation, Legalizes Daily Fantasy Sports

The green light has been received from the European Commission on a package of amendments to Denmark’s online gambling legislation, and it is set to introduce a number of significant modifications to the current legislation by the end of 2015.

Among the very few countries in Europe that seems to have found a successful formula for regulating the gambling industry, Denmark has recently reported a rise of the total gross gaming revenues, with a two-percent growth in 2014 compared to 2013.

With a positive outlook in sight, the Danish authorities have decided to amend the current legislation by strengthening the measures in place against money laundering, modifying the taxation applied to licensed gambling operators, and by creating a new license specifically targeted to daily fantasy sports (DFS) operators.