Netherlands Clarifies Rules for Online Casino & Gambling Licenses

KSA

The Netherlands has been involved in a long process towards regulation of the online casino and gambling industry but another important step has been taken with the release of further guidelines by the Dutch gambling authority (Kansspelautoriteit).

Subsequent Dutch governments have always tried to halt any development in this sector so as to maintain an absolute state monopoly even going so far as to ignore European rules and rulings on the matter. However inevitably this industry will get regulated and opened up to non state owned companies and today takes us one step closer to that point.

The online casino and gambling market in the Netherlands is expected to see the first licenses being handed out with a start date of January 2021 and this week we learned that anyone wanting to bid for a license will have to pay a non refundable fee of 45,000 Euro.

Licenses will be available for online casino, sports betting, online poker and race betting and the operator has made it clear that they except anyone bidding for a license to follow strict guidelines on KYC and money laundering as well as have staff dedicated to deal with problem gamblers and help with addiction.

Additionally it will be vital that the operator or affiliated companies does not have owners, senior staff or operatives with a criminal past or that the company has been operating illegally in the past.

All these guidelines of course make perfect sense but then again the Dutch authorities have had plenty of time to learn from other jurisdictions so we would expect nothing less.

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