EGBA Urges Norway to Transition from Monopoly to Licensing Model for Online Gambling

The European Gaming and Betting Association (EGBA) has recently urged Norway to transition from its current monopoly model for online gambling to a licensing model. This would allow for more competition and a greater variety of gaming options for Norwegian players.

The current monopoly model in Norway is operated by Norsk Tipping, a state-owned company. This system has been in place since 1992 and has been criticized for its lack of competition and innovation. The EGBA believes that a licensing model would be more beneficial for the Norwegian market.

Under a licensing model, multiple operators would be able to offer their services in Norway. This would create more competition and provide players with more choice. It would also allow for greater innovation in the industry as operators would be able to develop new products and services to meet the needs of the market.

The EGBA believes that this transition would also benefit the Norwegian government. A licensing model would allow for greater oversight of the industry and ensure that operators are compliant with regulations. It would also generate additional tax revenue for the government as operators would be required to pay taxes on their profits.

The EGBA has been vocal in its support of licensing models in other countries, such as the United Kingdom and Sweden. It believes that a similar system should be implemented in Norway in order to create a more competitive and innovative market.

It remains to be seen whether the Norwegian government will take the EGBA’s advice and transition from its current monopoly model to a licensing model. However, it is clear that such a move would be beneficial for both players and the government alike. It would create more competition, provide players with more choice, and generate additional tax revenue for the government.