The iGaming market in the Netherlands is expanding.
Over 40 companies have expressed interest in developing a new industry in the Dutch online gambling market in recent weeks. While this is great news for those who have longed for regulation within the country and gives it credibility on an international scale, some are concerned that there isn’t enough room left at current rates of expansion given what appears to be an infinite number of potential opportunities waiting only outside Holland (with UK among other places).
Last year, cabinet member Wim de Bruine’s Draft Gambling Bill faced multiple hurdles before passing through Parliament; would these delays imperil its chances again?
The country is one of the last in Europe to receive an online gambling licence, trailing only Sweden and Germany, but it has seen tremendous growth in recent years. Chairman Rene Jansen believes that this will change soon, thanks in large part to his confidence instilled by recent news about how successful they’ve been licencing other nations’ Lottery Games.
The new legislation will bring the gambling sector up to international standards and allow for more effective regulation. The expected increase in profit of €800 million across all current companies operating within Dutch borders, such as Holland Casino, TOTO, or Fair Play casino, indicates that they have finally discovered a means to make their operations more successful than ever before!
A regulated market provides better security against scammers who may attempt to take advantage through cybercrime, however here at Gambling Regulation Ireland, we understand how vital openness is while trying your hand on .
In reaction to the popularity of UK-based casinos, Holland Casino is developing a live casino studio that will allow them to offer blackjack and roulette. According to analysts, 40 gambling companies have applied for licences so far, with at least some from Belgium listed as viable territories, while Bet365, which already has a significant presence throughout Europe, may submit an application instead if they do not acquire one elsewhere first.
In recent months, the legalisation of online poker has been a heated topic. The four leading international companies, Pokerstars, Unibet, and Bwin, have all operated illegally until now because they were penalised for doing so, but that’s about to change on April 1st, 2020, when the new law goes into effect; these brands will not be able to compete over other sites, which could give way too many opportunities for local competitors such as 888Poker or Betfair to play their cards.
The previous gambling regulations in the Netherlands have been revised with harsher rules. Gamers must renew their registration in compliance with the new regulations, which includes an identification process and verification of funds source that complies with anti-money laundering measures such as responsible gaming rules.
How big can the Dutch market get?
It is apparent that there is a need for online gambling in the country, especially when all of these companies have stated that they will apply. It might happen again with Bet365; no doubt other companies under Entain, like as Coral or Ladbrokes, will not want to miss out on what could wind up being a sizable portion as well!
What is evident is that the country plainly believes there is a high demand from players, with the government identifying an excellent way to add to its coffers in the form of taxation on gambling enterprises that successfully secure licences in the country. With the UK market also significantly tightening restrictions, more corporations may withdraw, and the Dutch market may be one where they can easily replace clients lost due to poor competition.
We know for a fact that this year has been extremely difficult financially as well, owing primarily (if not totally) to the fact that offshore services such as Skiptracing have appeared all over social media asking us if