Gauselmann subsidiary Cashpoint gets license in Denmark

Cashpoint had applied for both licenses and as announced by the Danish state has successfully secured them.

"With the legal restructuring, Denmark now has one of the most progressive gambling systems in Europe, which also conforms in full to European law. I'm very pleased that the Gauselmann Group with its subsidiary company Cashpoint can and will offer land-based sports betting as well as sports betting, poker and online gambling on the Internet, starting in January 2012." explained Paul Gauselmann, Chairman of the Gauselmann Group.

The receipt of the licenses was based on a detailed audit of the technical systems as well as the company, the individuals involved and the partners. "Cashpoint passed these audits without reservation and is thus a reliable partner for gambling in Denmark in every regard," stated Michael Wondra, CEO of Cashpoint.

"Now is the time to find further sales partners in Denmark to market the Cashpoint land-based sports betting that is predominantly offered via a franchise system and to finalise the online gambling platform in the Danish market," Michael Wondra added. The existing Cashpoint platform, currently in use in Austria and other countries, can be used for this. In addition, there are plans to integrate the Online Casino Solution from edict egaming, another Gauselmann subsidiary with headquarters in Hamburg, into the Cashpoint online platform (www.cashpoint.com) in the near future.

"Denmark – like Schleswig-Holstein in Germany – has set an example of what a modern and legally compliant gambling system should look like. Apart from lotto, which is still operated by the state, all other forms have been liberalised or, as far as internet gambling is concerned, regulated for the first time, and thus taken out of the realm of illegality," Paul Gauselmann noted. "The Danes now have access to a legal, differentiated gambling system that also ensures best possible player protection," Gauselmann added. "Schleswig-Holstein has already recognised the correctness of the Danish method and has adopted many regulations into their own gambling contract. As of yet, the other German states have not been so insightful," he concluded.