Greenland is the largest island in the world, located in the northeast of North America and is one of the autonomous territories of Denmark. Nevertheless, regarding gambling, the country has rather rigid rules that are softened by its sovereignty within the Kingdom of Denmark. This article aims to shed light on the aspects of Greenland gambling laws, including Greenland Bookmakers and Greenland sports betting. It will go over the history of gambling legislation, the regulatory structure, gambling licenses, and taxation for operators.
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Table of Contents
Summary of Key Events
Legal Framework of Gambling in Greenland
Historical Context
The process of Greenland’s development of a definite gambling regulation process started with the adoption of the Danish Gambling Act. This act, slightly adapted for the conditions of Greenland, is the basis of all gambling in the country.
Key Legislative Milestones
- Executive Order no. 336 (April 7, 2016): Concentrated on law regulating some games in Greenland.
- Decree no. 812 (August 16, 2019): To curb the matters of money laundering and financing of terrorism.
- Executive Orders 1121, 1262, 1274, 1275, and 1276 (November 29, 2019): Several orders concerning Danish Gambling Authority, online casinos, land-based betting, online betting, and so on.
Regulatory Agencies
The Danish Gambling Authority regulates most of the gambling activities in Greenland, this includes the provision of licenses and compliance with the laid down rules. Local government also has a say, particularly in the issuance of permits for other kinds of gambling such as(card games and bingo).
Legal Aspects
- Online Betting: It is legal and has its operations based on the laws of Denmark.
- Land-Based Betting: Legal but not very common mainly because Greenland has a vast area with a small population.
Regulatory Requirements
Operators must comply with several regulations:
- Identity Verification: Especially for the online platforms it is very strict.
- Responsible Gambling Measures: Operators are required to have measures that can help in combating problem gambling such as self-exclusion and deposit restrictions.
Forms of Gambling in Greenland
Bookmakers: Legal and Invalid Bets
Greenland Bookmakers are controlled and therefore run under certain legal guidelines. They can provide Web and telephone betting but all the operations are to be within the laws of Denmark and the local laws. Some of the banned types of bets are those made on amateur sporting events, while those made on professional sporting events and/or international events are usually allowed.
Licensing and Fees
To operate legally, bookmakers must obtain one of two types of licenses:
- Local License: Greenlandic permits from the local authorities for the smaller scale exploration activities.
- Danish Gambling License: Enables the operators to provide gambling services within Greenland and by means of the internet.
Licenses for these services are not Cheap and usually comprise of an application costs and an annual registration cost. Operators are also required to adhere to very strict reporting procedures to be able to keep their licenses.
Taxes
Gambling operators in Greenland face a dual taxation system:
- Gross Gaming Revenue (GGR) Tax: Usually, it is about 28% for the online business operations.
- Additional Land-Based Tax: Based on the land, operators have to pay an extra 45% GGR tax and 30% tax on the revenues that are over 4,325,500 DKK.
Sports Betting of Greenland Bookmakers
Sports betting in Greenland is a developing business, although the population of the country is relatively low, and it is an isolated territory. The main advantage of this growth is to be attributed to the special rules and the elevated level of awareness and usage of the online options.
Popular Sports for Betting
Greenlanders favor a variety of sports for betting, including:
- Football: Local games as well as international leagues stimulate the betting activity to a greater extent.
- Handball: It can also be described as the national sport of Greenland.
- Arctic Sports: Besides these usually, such sports are also found to have a special set of followers in the region.
Sporting Event Glory Milestones
- June 2013: Greenland’s football team were the first runners up in the Island Games, they lost to Bermuda.
- January 2012: The act of signing of Executive Order no. 67 was done, affecting online gambling regulations.
- August 2019: Decree no. 812 provided for anti-money laundering and counter financing of terrorism measures.
- November 2019: There were several executive orders that were issued, which provided for the further regulation of different kinds of gambling.
- April 2016: Executive Order no. 336 provided for the regulation of certain games in Greenland.
Conclusion
The gambling industry in Greenland is characterized by the factors influenced by Denmark and the self-rule of Greenland. Thanks to the strict rules, properly defined licensing process, and the emphasis on the prevention of the gambling-related issues, Greenland has become a distinct place on the map of bookmakers and sports betting enthusiasts. Whether you are a wealthy person seeking for the best real estate or a sports fan wishing to make a bet, it is essential to grasp these intricacies.
FAQ of Greenland Bookmakers
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