KSA calls for a six month “cool off”

Posted:: Mar 09, 2020 10:24 Category: Regulatory , Posted by

The Dutch Gambling Authority will take up to six months before granting operators a licence

The Dutch government has released a General Administrative order with the objective of implementing the Remote Gaming Act that was approved one year ago.

Sander Dekker, Minister for Justice and Security, warned against these restrictions and said that they “could have an adverse impact on efforts to channel players towards legal offerings”. Despite that, the final decision was that online gambling operators who target Dutch gamblers will have to wait a six-month period before getting their licenses approved.

Kansspelautoriteit (KSA), the Dutch Gambling authority, will manage the applications  and will be in charge of deciding within this period of time whether the licenses are granted or not.

Sander Dekker, Minister for Justice and Security.

According to a survey carried out by the research organisation Sira Consulting, up to 68 operators should be able to get their permits this year, 41 of them being non-Dutch companies. The reports also says that around 25% of the license applications will be denied because they don’t meet the established criteria.

Initially the idea is for KSA to issue five year licenses, with an initial fee of €800,000, an extra €800,000 for each of the years they operate and a 29% tax on gaming revenue. These licenses will allow the companies to operate online sports betting, casino games, race betting and poker. Online lotteries will remain unavailable for private operators.

Even though the licensees won’t have to establish an office in the country if they already have presence on the EU, they will be required to “place a control database” in the Netherlands.

Advertising will also be affected. All gambling advertising between 6 AM and 9 PM will be prohibited with the exceptions of lotteries, that will be able to advertise after 7 PM. These will not include influencers or role models that may have a big reach among minors.

About SiGMA Expo:

The iGaming summit SiGMA is setting its sights on Asia. Our ground breaking Asian iGaming expo will be held in Manila, on the 8th & 9th of June 2020. SiGMA’s largest venue to date will bring together high quality conferences and content, premium networking opportunities, and luxury networking event. 10,000 delegates from across Europe, the US, and Asia are expected to attend, making this one of the biggest shows to unite East and West in the region. To become a part of the fastest paced Asian iGaming event, book a pass or sponsor & exhibit.

For those planning to attend SiGMA Manila, AIBC Manila and ICE Asia at SMX on June 8-9th, this is the buzzing business environment to be expected:

Related Posts

The hybrid working model –…

Etienne Licari shares the employer's perspective Hybrid work has become an important consideration for most companies with offices in Malta,…

Slotmill partners with Paf

Slotmill has inked an agreement with gambling operator Paf Paf is based on the Aland Islands in Finland and recently…

Slotmill seals agreement with Vavada

Online casino Vavada will add Slotmill's games to their portfolio [caption id="attachment_171938" align="alignleft" width="133"] Johan Ohman, founder of Slotmill.[/caption] Vavada…