Newsletter 27

02 Feb 2016

The annual account of 2015

2 February 2016

In comparison to the annual account of 2014, there has been two significant changes in the annual account of 2015. Due to the passed bill, licence holders are no longer required to publish the annual account and furthermore, the deadline is extended to 5 months.

Changes in the regulation for the annual account

Effective from January 1, 2016 changes will be made in accordance to the previous requirement that licence holders must publish their annual account no later than two months after the closing of the financial year.

The changes include an extension of the deadline from 2 to 5 months after the closing of the financial year.

Since the scope of the financial year might differ from one country to another, the regulation must be interpreted in accordance with previous years’ practice. Therefore, the annual account must correspond with the period of January 1, 2015 to December 31, 2015.

The annual account for 2015 must be submitted to the DGA no later than May 31, 2016.

Furthermore, the requirement regarding publication has changed, so the annual account must henceforth be submitted to the DGA. Therefore, a publication will no longer take place, unless the licence holder chooses to publish it.

Further information on the content of the annual account

Further information on the annual account, including the content requirements, will be published on March 1, 2016.

Who must submit an annual account?

All licence holders for betting and online casino, who had a licence in the period from January 1, 2015 to December 31, 2015, must submit an annual account.

Licence holders, for whom 2015 was the first year of providing betting and/or online casino, are not required to submit an annual account. They must however, complete a report on provision of gambling. This report must be submitted no later than 14 months after bringing the licence into effect. The report must also elaborate whether the licence holder has provided gambling in accordance with the gambling regulations. We refer to Newsletter no. 14 for further information.