Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand 
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
Brazil Supreme Court Orders Asset Freeze of Nelson Tanure Amid Banco Master Investigation 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
Lynas Rare Earths Shares Surge as Quarterly Revenue Jumps on Strong Prices 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth 
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
According to a recent report, in a bit to simplify the gambling system of Norway, the Norwegian government is planning to evaluate whether the monopoly established by Norsk Tipping will absorb the horse-racing services of Rikstoto.
This review will be conducted by the Ministry of Culture of Norway in association with the Ministry of Agriculture. Reportedly, the Ministry of Agriculture has previously handled the regulations related to the race monopoly.
This evaluation will determine if the contract of Rikstoto will be extended beyond 2021 as the monopoly provider of the horse racing facilities of Norwegian or not. As this development is going to be huge, best Norwegian betting sites are keeping a close eye on what is going to happen next.
Rikstoto vs. Tipping
As of now, Norsk Rikstoto handled the pari-mutuel horse racing betting in the country. However, its ability to run wagering which started in 2016 is soon going to expire on 31 December 2021. The task in front of the government is to let Norsk Tipping handle the betting solely or let both the bodies (Norsk Rikstoto and Norsk Tipping) organize jointly.
Trine Skei Grande who is the Minister of Culture and Gender Equality believes that the government should assess which organization will be better suited to organize racing in the country.
On similar lines, Olaug Bollestad, the Minister of Agriculture and Food, believes that both the departments should consider as to which organization will ensure the high standards of responsible betting.
Norsk Rikstoto is expected to introduce a maximum wagering or loss limit on horse racing. Although this limit is not introduced yet, it will be introduced once it is decided as to which body will run the games.
On the other hand. Norsk Tipping revealed that their decision to introduce activity overviews wherever players login is expected to go well among customers.
All in all, it will be interesting to see how things evolve in the future and which body is provided with responsibility.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes.
