Gambling news from Norway supports the fact that the country continues to improve its gambling industry, especially the legislative part.
Norway has developed and submitted new regulations to EC for consideration. Although the Ministry of Culture continues working on it, the European Commission has already got access to it. The Ministry will have to suspend its work for the period of EC’s examination of the law.
What changes have been made to gambling regulation?
A new bill is a combination of several current acts, including the Gambling Act, the Lottery Act, and the Totalisator Act. Now, these regulations will be represented in the form of one law applicable to these three sectors. However, such Norwegian gambling monopolists as Norsk Rikstoto (the betting foundation) and Norsk Tipping (the Norway National Lottery) will remain their leading positions in the industry.
According to the act’s statements, its major aim is to protect players from problem gambling, eliminate the industry’s negative influence, and make gambling legislation more harmonious and systematic. It is worth mentioning that Norway is one of a few countries that have a state-monopoly approach to the gambling industry. The new bill not only tightens regulations for operators controlled by the government but also prohibits any type of gambling revenue for privately-owned companies.