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Norwegian Regulator Refuses To Approve 211 Charitable Organizations

Norwegian gambling regulator (Lotteri-og stiftelsestilsynet or Lottstift, as it is also known) has refused to approve 211 lottery and bingo organizations for charitable purposes. The reason for refusal is that these organizations didn’t report their accounts within the deadline.
Among these 211 organizations, 51 had licenses to operate for charitable purposes in the county.

In Norway, aid organizations, charities, sports teams, humanitarian bodies, and special interest groups are eligible for offering lottery and bingo for charitable purposes. The organizations that are removed from the register will spend the next six months without a possibility to reapply for a license.

Lottstift states that those organizations that have an annual turnover of less than NKr700,000 ($76,690) are allowed to operate charitable bingo and will be issued a license. Lotteries that have a turnover of less than NKr200,000 do not need a license, although they must report their earnings to the regulator.

The suspension for those 211 organizations will start from October 1st, and they will not be able to offer Bingo the entire next year too.

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

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Aleksandar Krstic

Aleksandar Krstic

A bachelor of journalism, he spent most of the time of his ongoing career as a custom content creator. Experienced in reporting and information gathering, after finishing his contract in a local news agency, Aleksandar began writing for clients outside his native country. Fluent in English, he wrote various types of content, his work ranging from affiliate articles to news reports and creative stories. Aleksandar spent most of his time writing extensively on a myriad of topics, including history, science, technology, esports, culture (both traditional and modern) and arts.

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