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Dutch Government Cancels Holland Casino Privatisation Plans

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6 years ago

on

Dutch Government Cancels Holland Casino Privatisation Plans
Photo Source: politico.eu
Reading Time: < 1 minute

 

The Dutch government has revoked its plans to privatise the Holland Casino. The casino is now owned and operated by the state. The Senate has voted against the plan to privatise the casino.

There are concerns amongst the senators about privatisation. Many believe that allowing private gambling and online casino operators would lead to increased gambling addiction in the country.

Lawmakers are also concerned about the way the government would enable privatisation in the gambling industry.

The draft legislation was approved by the lawmakers two years ago. The initial plan called for selling 10 of the 14 branches. Provision for creating two new licenses was also there. The new permits would allow new players to enter the country’s gambling industry.

In March, the Dutch gambling regulator, the Kansspelautoriteit (KSA) had increased the starting financial penalty for illegal online gambling from €150k and will go up to €200k.

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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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