Netherlands: First details on the gaming contract

The Dutch authorities recently announced that that one wants to allow private providers on the online market in the future. The companies can then apply for a license in the Netherlands and become active in the digital market here. The responsible gaming authority, the Kansspelautoriteit, has now published the first details about the licensing process and the planned market. The announcements have been eagerly awaited by gaming companies from around the world.

Glasgebäude von außen.

The Dutch Gaming Authority has published the first details for the upcoming online gaming licences. These have been eagerly awaited.(©pixabay)

Change in the Dutch gambling market

The Dutch are not just them Neighbors of the Canadians, but are generally considered a friendly republic. Not only the lotteries have done it to the Dutch, but also the gambling offers in the casinos and the Internet.The problem: For a long time, gambling was only allowed here with state providers. In principle, they could have launched a digital offer, but they did not dare to take this step. The market was controlled by theKansspelautoriteit, the country's responsible gaming authority. This enjoys a reputation as a strict control authority, which has already imposed fines in the millionsGeldbußen in Millionenhöhe against suppliers from abroad several times in the past.

In the future, however, it will the market and thus also games such asonline slots or roulette, look significantly different. In February 2019, a new gambling law was passed in the Dutch Parliament. In the future, this will ensure that thestate monopoly is weakened. Private companies from abroadmay then also be active online in the Netherlands provided they have the necessary licence. In the future, the right providers are to be filtered out in a licensing process.

First details on the licensing process published

As the authority announced, this is a provisional "orientation aid". This is intended to help future applicants prepareappropriately for the licensing process. According to the publication, four different areas are planned. Licenses are to be granted in all four areas: thecasinos, sports betting, horse betting and games in which players compete against other players. The latter would cover above all the poker games. However, it is still unclear whether companies will only be able to apply for one area in the future or whether it will be possible to apply for several product licenses.

What is certain is that companies in the Netherlands will not be able to apply good deal. A sum of 45,000 euros must be deposited for the license application alone. This is not returned if a license is not granted. Instead, it is a fee that must be paid before the application process begins. As long as this has not been done, the applications would not be processed either, the KSA announced.

The correct translation and player protection measures are mandatory

Apart from the fee for the application The Dutch authority puts additional hurdles in the way of applicants for a license. For example,all attached documents must be fully translated into Dutch language. The applications will only be checked once the fee has been paid and all the documents have been correctly translated. The background of the applicants is also scrutinized in the course of the licensing process. Would a company try theto disguise the identity of the management or was in contact with criminal organizations, this would be immediately excluded from the procedure. Likewise, companies may not be able to enter the new market if they have already been associated withtax problems or a bankruptcy offense in the past.

must have proof According to the KSA, the companies are also making intensive efforts toPlayer and youth protection. In this context, it is necessary for representatives of the company to be permanently in the Netherlands in order to be able to provide on-site assistance. It is also required that the companies adhere to theadvertising and marketing guidelines of the KSA at all times. If companies offer sports betting, they must also ensure that enough is done against match-fixing and match-fixing. Vulnerable players and minors must be excluded from the offers in all cases. For this reason, the authorities are demanding that users identify themselves unequivocally when registering. Up to now it has been customary for such a check of ID documents to be carried out before the first payout.

Which gambling giants are striking in Holland?

Although the Dutch market is so tightly controlled, could thelegal sector has generated sales of several billion euros in recent years. Experts are assuming that this sum will again increase significantly as a result of the online offerings. Countless gambling giants, such asMicrogaming Casinos, must have been looking forward to the announcement from the Dutch authorities these days and shook their hooves.

Which companies will ultimately actually face the application process is still in the stars. In any case, there is enough interest. Just a few days ago, the Dutch authorities announced thataround 70 companies expressed their interest in a license in the Netherlands. So it will be exciting to see how many of them can ultimately withstand the strict requirements of the licensing process. In any case, the companies that will receive a license can look forward to a growing and hungry market. Year after year, the volume of the legal industry in neighboring Canadiany is increasing by around three to four percent. In Central Europe, the Dutch market could thus become the "next big thing".

To the best online casinos

The article was published on November 21, 2019 in the Fraustest.com magazine under the keywords, ,, , published.
Share news: