MAR 14 DE MAYO DE 2024 - 02:46hs.
According to local gaming authority

Norway’s gambling monopoly system is safest for players

Norway decided to retain the long-standing gambling monopoly model as it considered it was the one that would provide the safest environment for local players, Atle Hamar, Director General of the Norwegian Gaming Authority (Lotteri- og stiftelsestilsynet) said.

Hamar talked during the recente International Association of Gaming Regulators (IAGR) conference in Johannesburg, South Africa. The event was held last week gathering together representatives of the gambling regulators of a number of regulated jurisdictions to discuss the current state and the future of the global gambling industry. Hamar was President of the Association back in 2007.

The Norwegian Gaming Authority’s head further said during this year’s edition of the IAGR’s annual conference that they are committed to protecting Norway’s regulated market against gray market operations.

Gambling services in the Scandinavian country are currently provided by two state-run entities: Norsk Rikstoto, which is responsible for the nation’s horse racing industry, and Norsk Tipping, which runs different other non-horse racing gambling operations.

While international operators are not licensed and authorized to operate in the country, the local market, just as other Scandinavian markets, has long been particularly luring to a number of online gaming and betting brands.

The potential regulation of international remote gambling operations was previously discussed by Norwegian lawmakers, but it became known late last year that the country would keep its monopoly system.

Source: GMB / Casino News Daily