Norway to Keep Gambling Monopoly System

It has recently become known that Norwegian legislators have decided to implement certain changes in the country’s existing gambling regulations. Much to international operators’ dismay, they will still not be able to enter the local market as lawmakers seem to be determined to strengthen the current monopoly model instead of parting with it for good and all.

At present, two state-run entities are allowed to provide gaming and sports betting products to Norwegian gambling customers, those being Norsk Tipping and Norsk Rikstoto. And although a number of foreign gambling companies have expressed clear interest in entering the country and its market over the past several years, Norway’s government seems to be firm on its determination to retain the monopoly regulatory model.

Norwegian Minister of Culture Linda Hofstad Helleland last week presented a white paper giving information about officials’ probe into the monopoly status quo in the country and whether it was the best possible option for all involved parties.

The government report showed no indications that the local gambling market needed to be re-regulated in order to admit international operators, as the country’s Minister of Culture revealed. According to the results recorded in the white paper, the monopoly model was the one that has worked and was believed to keep on working best for Norway and Norwegian gambling customers.

Minister Helleland explained that the government’s lack of enthusiasm to remove the monopoly system was based on the fact that a different regulatory framework would encourage excessive gambling, which, in turn, would put customers at risk of straying from what is generally considered responsible gambling behavior.

Responsible gambling has always been a topic paid special attention to by Norwegian officials and measures have been taken for the promotion of controlled and controllable gambling practices. As the country’s Minister of Culture pointed out, more such measures are to be implemented in near future.

It has also become clear that new regulations indeed will be introduced not so far from now but those will aim to put related gaming, lottery, and betting regulatory frameworks under a single act.

Norway is not the only Scandinavian country to be holding the monopoly regime dear. Yet, unlike Denmark, which regulated its gambling market in 2012, and Finland and Sweden, which, urged by the European Union, have been making small steps towards market regulation, Norway is not a member state of the EU. In other words, there is no outside pressure to influence its attitude towards gambling and this means that the monopoly model will be retained for as long as the country’s government finds fit.

Related News

CasinoNewsDaily is a media focused on providing daily news from the casino industry as well as in-depth gaming guides. Our guides cover roulette, blackjack, slots and video poker.
Tweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on Google+
Google+
Share on LinkedIn
Linkedin
Share on Reddit
Reddit