Sports betting supplier Cashpoint, based in Austria, has obtained a gambling licence for Denmark.
The Danish state issued licences for sports wagering in betting shops and at betting terminals, as well as licences for internet sports betting, poker and online games. The Gauselmann subsidiary Cashpoint had applied for both licences and, as announced by the Danish state, has successfully secured them.
"With the legal restructuring, Denmark now has one of the most progressive gambling systems in Europe, which also conforms in full to European law," said Gauselmann chairman Paul Gauselmann.
The receipt of the licences was based on a detailed audit of the technical systems as well as the company, the individuals involved and the partners. "Cashpoint passed these audits without reservation and is therefore a reliable partner for gambling in Denmark in every regard," said Michael Wondra, CEO of Cashpoint. "Now is the time to find further sales partners in Denmark to market the Cashpoint land-based sports betting that is predominantly offered via a franchise system and to finalise the online gambling platform in the Danish market."
The existing Cashpoint platform, currently in use in Austria and other countries, can be used for this. In addition, there are plans to integrate the online casino solution from edict egaming, another Gauselmann subsidiary with headquarters in Hamburg, into the Cashpoint online platform in the near future.
"Denmark - like Schleswig-Holstein in Germany - has set an example of what a modern and legally compliant gambling system should look like," added Gauselmann. "Apart from lotto, which is still operated by the state, all other forms have been liberalised or, as far as online gambling is concerned, regulated for the first time."
