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Norway Cancels Consent of 211 Charitable Organizations

Lottstift (Lotteri-og stiftelsestilsynet), the gambling regulator of Norway has cancelled the approval of 211 organizations for operating lottery and bingo games for charitable causes. The regulator has found that these organizations failed to report their accounts within the deadline.

51 held licenses to operate lotteries and bingo for charitable purposes in Norway. They are those that have had their approval canceled.
The units eligible to offer lottery and bingo for charitable purposes include aid organizations, charities, sports teams, humanitarian bodies and special interest groups. Those removed from the register will now serve a six-month ‘quarantine’ period, during which they will not be able to reapply for licenses.

Lotsift states that in order to obtain a license to operate charitable bingo in Norway, the organization must have an annual turnover of less than NKr700,000 ($76,690). For lotteries, those with turnover of less than NKr200,000 do not require a license but they must submit annual reports to Lottstift – whereas those with turnover above that figure must be approved by the regulator.

Lottstift said the suspension, which came into effect for all 211 organizations from October 1, also means that those affected will not be able to offer bingo at all in 2020. The regulator acknowledged this may represent a major loss of income for some voluntary organizations.
A total of 5,400 organizations featured on the Lottery Register list prior to the removal of the 211 companies that failed to submit their reports.

Source: https://europeangaming.eu/portal/compliance-updates/2019/10/08/55968/norway-cancels-approval-of-211-charitable-organizations/

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Seema Waqar

Seema Waqar

This is Seema Waqar, I have done Masters in English and I love to do projects which includes and improves my writing and spoken skills. I also love to read good books that improve my spoken skills and also watch Hollywood movies. I am hard working and well committed person and I love to do my work with great responsibility, so, I hope to have a good relationship with my clients.

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