Norsk Rikstoto, the organization that is handling the country’s horse racing betting monopoly, will have their right to organize wagering on racing expire by the end of 2021. Therefore, the Norwegian government is considering to transfer the racing monopoly to Norsk Tipping. The assessment will be carried by the Ministry of Agriculture and Food and the Ministry of Culture.
There are many popular betting sites in Norway that offer exciting gambling games. At present, Norsk Rikstoto is the organization that operates and handles pari-mutuel horse racing betting in Norway. However, the concession to run wagering of Norsk Rikstoto was started in 2016, and it is going to expire on 31 December 2021. Post that, the government will either give both sides the joint responsibility to organize the sport or Norsk Tipping will get the sole control.
Trine Skei Grande, the Minister of Culture and Gender Equality, also asked the government to examine the organization that would be ideal for organizing the racing in Norway.
Trine Skei Grande said, “The government will pursue a responsible gambling policy for the future. In connection with the ongoing work on new gambling law, it is natural to look at whether a transfer of the horse games to Norsk Tipping can strengthen the exclusive rights model, or whether we should continue today’s solution.”
Even Olaug Bollestad, who is the Minister of Agriculture and Food, said that the main aspect for both parties would be how well each body gives assurance of the high standards of responsible gambling.
“The government’s gambling policy must first and foremost take into account the social responsibility and consideration of gambling addicts,” Bollestad explained. “At the same time, it is important for the government to ensure that the future solution is for the best for Norwegian equestrian sport.”
Moreover, the body expected Norsk Rikstoto to establish a loss limit or maximum wagering on horse racing, as per the conditions of the organization. However, this limit isn’t introduced yet. The introduction is expected to be postponed until it is decided which body will run the games in Norway.
In fact, in related news, the decision of Norsk Tipping to bring out activity overviews when players log in is well received. Basically, the customers can now check out the amount they have spent on games for the past year.
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