The Netherland recently made some changes to their laws by legalizing online gambling. Needless to say, this has made many gaming companies eager to obtain a Dutch inline gambling license. In response to the opening of this new market, Entain will Enter the Dutch Online Gambling Market in 2022
The sports betting software and entertainment group is not a stranger to the Dutch gambling market. This is because they have been legally operating in the country since July 2019. However, they will be leaving the Netherlands on October first due to changes in the country’s gambling regulations. Entain expects that leaving the Netherlands will impact their EBITDA by around £5m per month.
This news comes about as legal online gambling in the Netherland will officially start tomorrow. According to Dutch Gaming Authority or Kansspelautoriteit (KSA), 10 companies already have been given an online gambling license.
Entain will Enter the Dutch Online Gambling Market in 2022 after a cool down Period
According to a press release by Entain, leaving the Dutch gambling market is only temporary. This is because they intend to submit its license application later this year. Their goal is to receive a Dutch license during the first half of 2022. Furthermore, it is in line with their objective to only operate in markets that have gambling regulations.
Bookie PPH blogs say that obtaining an online gaming license in the Netherland is not an easy feat. The KSA said that out of 29 gambling license applications, only 10 companies will be able to operate legally on October first. They are: Nederlandse Loterij, FPO Netherlands, Holland Casino, NSUS Malta, Play North, Tombola, bet365, Bingoa, Betent, and LiveScore Malta.
To be an online bookie in the Netherlands, sportsbooks and casinos must meet the regulator’s strict demands. Furthermore, they must ensure best practice, particularly in regard to problem gambling prevention. In addition, they must centralize their player databases with the CRUKS self-exclusion system.