Foreign casinos - everything you need to know
Many players choose to play at an overseas casino, but is it safe to play at an overseas casino and what is important to know before choosing one?
Denmark has a gambling law that places increased demands on Danish-licensed casinos in order to protect Danish consumers from unlicensed gambling. Despite this, there are many players who prefer foreign casinos, which are perfectly legal, but is it risk-free and what is important to know before choosing them?
What is a foreign casino?
The simplest explanation for foreign casinos is that they are casinos without a Danish gambling license from the Danish Gambling Authority. Casinos that do not have a Danish license cannot operate in Denmark or target the Swedish market in any way.
The name "foreign casinos" is a consequence of the Danish gambling law, which clearly distinguished between Danish and foreign casinos, when all Danish casinos had to apply for a gambling license from the Gambling Authority. When the law was enacted, all Danish casinos also had to offer a tool whereby a player could disconnect from all licensed games for a pre-selected period of time. Thus, foreign casinos are not connected to this system, so Danish players can still play at them despite the suspension of games at Danish-licensed casinos.
If the casino is not licensed in Denmark, it may be that the player will be liable to pay tax on any winnings if the casino is located outside the EEA/EU. However, at a casino within the EEA/EU or with a Danish license, the player is not liable for tax.
Casino velkomst bonus and odds attract Danish players. Since players do not pay tax on their winnings at Danish-licensed casinos, the 18 percent tax in Denmark is paid by gambling companies. This means that Danish betting companies are also forced to offer lower odds of winning to the player, and therefore many choose foreign casinos instead, as these betting companies offer better odds and opportunities to win.
According to a survey on the online gambling habits of Danes, many choose to play at foreign casinos because they offer more and bigger bonus offers. This can be anything from welcome bonuses and deposit bonuses to cashback bonuses. This is one of the most popular reasons for gambling abroad for the third year in a row. Our experts also believe that the percentage of online casino wagering is important for players: read more here.
Risks of unlicensed gambling
It may seem tempting to play in foreign casinos, but you shouldn't forget that playing in foreign casinos, just like in Danish casinos, always involves risks. One of the main risks is choosing to play at foreign casinos while you have a stay at Spelpaus. If you choose to disconnect from Spelpaus, it may be because you feel compelled to gamble. Attracting disconnected players with better chances of winning and more free spins is a big risk for gambling and health, as it can trigger a worsening addiction.
The competition between gambling companies is intensifying, and as a result, players find themselves in a difficult position. The gambling law was introduced to protect Danish players, but they can only do so in casinos with a Danish license. In Denmark, it is fully allowed to play with foreigners, but it should be done carefully and responsibly in order not to run a risk.