Full Tilt Acquires Denmark Gaming License to Join Booming Poker Market
On Wednesday, May 13, Full Tilt announced the launch of its platform in the Danish market, as the poker room was granted a license to operate in the country by the Danish Gambling Authority.
"We are excited that Danish players are now able to play both casino and poker games on Full Tilt," stated Full Tilt's Managing Director Dominic Mansour in a note sent to the press. "Danish players are able to create their stories on Full Tilt and compete against players from around the world."
Thanks to the license, Full Tilt will now be able to offer online poker and casino games in the Danish market, where it will compete against 113 other licensees including its sister-site PokerStars, and other major international companies like Unibet, partypoker, betfair, and PKR.
To obtain the Danish gambling license, the Amaya-owned company had to comply with a series of technical requirements, to pay a fee of DKK 250,000 ($37,753), and to commit to the payment of an annual fee of DKK 50,000-1,500,000 ($7,500-$227,400), depending on the dutiable revenue generated during a calendar year.
As reported on PokerNews on March 16, Denmark is one of the few European countries where the launch of a regulated market does not seem to have harmed the development of the online gaming industry.
According to the latest data released by the Danish Gambling Authority, Denmark's domestic market generated DKK 7.75 billion ($1.1 billion) in gross gaming revenue during 2014, representing a two-percent growth from the DKK 7.575 billion that was estimated in 2013, and a three-percent growth from the DKK 7.5 billion that was estimated in 2012.
The Danish license is the fourth one obtained by Full Tilt since its 2012 relaunch, alongside licenses issued by the United Kingdom, Isle of Man, and Malta.