The latest reports have suggested that 125 different companies have informed the Dutch gambling regulator that they are interested in applying for the Dutch Online gambling license. This will only happen when online wagering becomes legal. Let’s take a look at the story as a whole.
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What it takes to get a Dutch Online Gaming License
Currently, the only state-regulated gambling establishment in the country is Holland Casino but that is all set to change. The Kansspelautoriteit (KSA) is aiming for the recently passed Remot Gambling Act to come into effect on the first of July 2020 which would permit applications processed from that date. The KSA is the gambling regulatory body in Holland.
The online market would become open on 1stJanuary 2021, according to René Jansen, who is the KSA Chairman.
So far, Bwin, Unibet and PokerStars are among those said to want to enter the Dutch online market.
Lawyer Justin Franssen is acting on behalf of some of the applicants and he believes many seeking a license will drop out of the process nearer the time.
Here we have a quote from him in his own words:
“It is going to be expensive. You have to pay for the license, tax and a percentage of your earnings must go into a fund to combat addiction.”
Prior to this, the KSA has stated that 79 firms are interested in a Dutch online gambling license, which brings a degree of credence to claims the number has increased to 125.
If that proves to be true then we can expect there to be a competition between different online gambling operators in order to secure a spot in Holland’s soon to be international gambling market.