Operators Halt Services as Dutch Gambling Industry Opens
The 1st of October 2021 marks the official launch of legal online gambling in The Netherlands, one particular of Europe’s most liberal countries. Roughly 9 months after the predicted opening, Dutch players can safely take pleasure in games of chance on Dutch-licensed casinos. The Remote Gambling Act also permits for the practice of sports betting and, to date, Kansspelautoriteit (KSA) has issued ten operators with licenses.
Initially, the expectation was that the Remote Gambling Act would come into impact on 1 July 2020 nevertheless, disruptions brought on by the COVID-19 pandemic delayed this till 1 April 2021. At that point, on the internet gambling providers could begin their application process for a license to trade in the nation. The regulator received 29 applications and stated that they hope to acquire far more submissions in the coming months.
Whilst anticipating the opening of its legal on-line gambling market, KSA signed an advertising protocol agreement with the country’s media watchdog. The agreement focuses on the assessment of marketing for games of likelihood. In an additional announcement on 20 September, the inspectorate introduced new regulatory protocols that sparked concern from prospective applicants and brought on some to block Dutch players altogether.
Kindred Actions Aside to Mitigate Dangers
One particular day before the Dutch market place opened to licensed online casinos, Kindred Group announced it will temporarily withdraw its solutions from The Netherlands. This announcement follows an announcement from Sander Dekker, Dutch Minister for Legal Protection, that certain terms of the country’s regulatory protocols will modify.
According to Kindred, they seek far more clarity on the details of the adjustments prior to moving ahead with their license application to KSA.
The online gambling operator estimates they stand to drop £12 million per month in EBITDA turnover. Henrik Tjärnström, CEO of Kindred Group, commented that their selection stems from the fact that the group intends to be a sustainable operator in the Dutch marketplace.
Kindred is at present waiting out a regulatory cooling-off period necessary from any unlicensed operator who targeted players in the Netherlands. The Unibet operator could continue with its application submission once the cooling-off period expires on 1 November.
Tjärnström says that they have been following by way of with the method for the past 18 months and they have passed all the audits for the application.
Betsson and LeoVegas Halt Solutions
Following the announcement from Kansspelautoriteit of new regulatory details to the Remote Gambling Act, both LeoVegas and Betsson withdrew from The Netherlands.
As of 30 September, LeoVegas would not provide any solutions to Dutch players and the on the web gambling platform states it will apply for a Dutch license later this year. The provider has an expansion approach whereby it aims to develop in locally regulated markets and they place numerous measures in spot to ensure compliance with the Dutch prioritisation criteria.
According to the provider’s quarterly final results, the Dutch market accounts for a low-to-mid share of its revenue.
The Remote Gambling Act stipulates that operators who provide solutions to players in The Netherlands, even although they do not particularly target them, need to cease operations in the country. Based on this, Betsson blocked Dutch players for the time getting to obtain more favourable remedy when they apply for a Dutch license. The company predicts a loss estimate of SEK 25 million on a monthly basis.
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