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Compliance Updates

Online Gambling Allowed in Netherlands, About 40 Companies to Apply for Licence

Published

4 years ago

on


Dutch-language online casinos topping the agenda as key regulatory date arrives
Reading Time: < 1 minute

 

According to broadcaster NOS, around 40 gambling companies are expected to apply for a licence to offer online betting and other games from October when new legislation will take effect.

The Netherlands was one of the few European countries which had not opened up the market to online gambling, leading players to use sites which were unlicensed.

“It was high time the Netherlands allowed online gambling. It’s 2021, the internet is everywhere and it doesn’t stop at the border. It is currently unregulated, no one is watching and it is beyond policing. We are now going to create a safe environment,” René Jansen of government gambling watchdog Kansspeelautoriteit told broadcaster NOS.

Jansen said he expected that 35 out of the first 40 applicants would be eligible for a licence.

The law, which was six years in the making, comes into effect on Thursday.

“Providers have to have provisions in place to prevent addiction, they must be reliable and prevent money laundering and the games must be fair,” Jansen said.

Dutch contenders for a licence include Holland Casino, Nederlandse Loterij, Novamedia (Postcodeloterij), ZEbetting & Gaming, Fair Play Casino and Jack’s Casino. Big international player Bet365 is also expected to apply.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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