Danske Spil A/S. Danske Spil has started to roll out its new player ID cards, shifting all land-based betting towards an account-based digital system. The ID card, branded ‘Sikkert Spil’ (‘Safe Play’) – has initially been made available to stores that sell Oddset and Tips services. Rolled-out this October, the state-owned operator confirmed that the. Danske Spil was using up to 30 different agencies to find the best talent for its development and testing teams, however, this was time-consuming and required significant administration. It wanted to streamline and speed up the recruitment process.
Danish gaming operator Danske Spil saw revenue decline 7.8% year-on-year to DKK2.30bn (£281.1m/€309.1m/$365.2m) for the six months to 30 June, though like-for-like profit fell by just 2.9% thanks to a strong period for its lottery division and lower costs.
The operator’s board said the business managed to minimise revenue decline and lower costs for the year to date. This, it said, helped set the business on track to meet its initial earnings targets for the year, surpassing the revised projections announced following its first quarter results.
“Overall, Danske Spil has succeeded in maintaining a satisfactory turnover at its casino and several of our other consumer facing offerings,” the board explained. “Combined with a reduction in the company's costs – not least the marketing costs – this has meant that Danske Spil is back on track in relation to its [full year] profits.”
Of the operator’s revenue, DKK1.30bn came from the Danske Lotteri Spil lottery business, up 5.2% from 2019. The operator noted that a large reason for this was a high number of especially large jackpots from the Eurojackpot lottery.
However, this was offset by a 15.7% decline in revenue from the Danske Licens Spil online gaming division, which brought in DKK894.4m.
Gaming hall and slot manufacturer business Elite Gaming was revenue drop 48.1% to DKK98.1m while the Swush fantasy sports business took in just DKK2.1m, down 48.1%. Concerts at casinos in michigan.
“The first half of 2020 has been challenging in every way for Danske Spil,” the board said. “Covid-19 saw sporting events across the globe cancelled, and thus put a stop to most sports betting and simultaneously the lockdown of Danish society affected all of our customers as well as physical venues and arcades.”
Danske Spil paid DKK230.8m in state gaming taxes, down 23.9% thanks in part to higher dependence on the lottery division, and DKK266.8m in dealer commissions, down 23.7%. Other direct costs from gaming totalled DKK133.7m, down 19.7%.
This resulted in an operating profit of DKK1.67bn, down just 0.3% year-on-year.
The operator brought in DKK17.1m in other income, up 2.4%. However, it paid DKK147.0m in staff costs, down 1.3%, while other external expenses fell 7.4% to DKK333.1m, and depreciation and write-down expenses rose 25.9% to DKK158.7m.
The vast majority of this profit, at DKK878.9m, came from Danske Lotteri Spil, up 7.0%. Danske Licens Spil's profit declined by 20.9% to DKK181.5m. Elite Gaming made a loss of DKK9.5m, compared to a DKK9.6m profit in the prior year, while Swush lost DKK600,000, after recording a profit of DKK700,000 in 2019.
This resulted in a profit before financial items of DKK1.05bn, down 0.8%.
Danske Spil icncurred finance related costs of DKK29.7m, up 241.3%, for a pre-tax profit of DKK1.02bn, down 2.9%.
Danske Spil Viking Lotto Results
After paying taxes of DKK223.8m, Danske Spil posted a net profit of DKK794.4m, also down 2.9% year-on-year. After accounting for discontinued operations – namely game developer CEGO, from which Danske Spil divested last year – in 2019’s results, however, Danske Spil’s profit was 9.0% below the year prior.
For the year, Danske Spil now expects gross gaming revenue of around DKK4.5bn to DKK4.7bn and profit to fall between DKK1.3bn and DKK 1.4bn.
Danske Spil Den Lange
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Current logo of Danske Spil
Danske Spil A/S is the national lottery in Denmark, founded in 1948. The first game was established May 8, 1949 and was a 1-X-2 TOTO game with 12 football matches. Today Danske Spil A/S, previously known as Dansk Tipstjeneste A/S, offers a number of games: Number games, instant games, knowledge games and gambling on machines.
Lotto Danske Spil
The Licence[edit]
Danske Spil Lotto Vindertal
Danske Spil administration offices in Brøndby.
The license forms the basis for Danske Spils activities and is issued to Danske Spil for 1 year of a time. In accordance with the license, Danske Spil is obliged to act as a supplier of popular and attractive gaming products, which channel demand for the gaming permitted by law into controlled and ethical frameworks. Danske Spil must furthermore not develop new games or marked to an extent which exceed what’s necessary to fulfil this obligation
Distribution of the Share Capital[edit]
- The Danish State: 80%
- The Danish Sports Confederation and Olympic Committee: 10%
- Danish Gymnastics and Sports Associations: 10%
The Board of Directors[edit]
- 10 Board members appointed by ministries and organisations
- 5 Board members selected by the employees
Distribution of Profit[edit]
King of olympus. Profits from the games are distributed as provided for by the Danish Parliament (Folketinget) for the benefit of athletics, culture and other purposes for the good of general public
After the liberalisation in 2012[edit]
On January 1, 2012, Denmark was one of the first countries in Europe to liberate the market for gambling. Until then only Danske Spil had a license in Denmark, but the law was only working in theory. After the liberalisation Danske Spil had to compete with other gambling companies like Ladbrokes and Bet365, but Danske Spil kept some of their exclusive rights. Example: Danske Spil is the only company in Denmark, which is allowed to offer gambling involving only luck excluding casino games. This means that scratch cards, bingo and so on only can be offered by Danske Spil.
Infrastructure[edit]
Danske Spil's sports betting platform is based on Openbet software.[1]
![Dan Dan](https://spildansk.dk/wp-content/uploads/2017/01/SPIL-DANSK-logo-1_sort-1.png)
References[edit]
- ^'Danske Spil selects OpenBet'. iGaming Business. 2012-09-04. Retrieved 2013-04-23.
External links[edit]
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