Tag Archives: KSA

Kindred warns of 2019 closing disruptions

Stockholm-listed Kindred Group Plc has revealed that its gross winning revenues for Q4 2019 have been hampered by both weak sports betting margins and the costs of its US expansion efforts. As confirmed in a pre-market update, Kindred explained that its expected revenues will be in the region of £235m for the final three months of 2019, marking a decrease …

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René Jansen sheds light on Dutch age verification framework

Chairman of the Dutch gaming authority Kansspelautoriteit, René Jansen, has emphasised that he believes the country’s Remote Gaming Act will be introduced on 1 January 2021 rather than the original target date of 1 July 2020. Speaking at a Gaming in Holland meeting in Amsterdam, Jansen shed some light on advertising and age verification framework which will come into play, …

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Dutch government delays market launch date to review secondary concerns

Plans to launch the regulated Netherlands online gambling marketplace have been delayed for a further six months to 1 June 2021. Dutch Justice Minister Sander Dekker confirmed the six-month delay to the Kamer (parliament) on Friday 15 November, with Netherlands gambling regulatory authority Kansspelautoriteit (KSA) informing industry stakeholders. The KSA said that the delay is related to a review of …

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Dutch KSA puts value on ‘reputation’ in 2020 licensing guidance

The Netherlands’ gambling regulatory authority Kansspelautoriteit (KSA) has updated industry stakeholders on ‘provisional guidance’ related to its licensing process, which is scheduled to officially open from 1 July 2020. Preparing incumbents, the KSA details guidance on core requirements sanctioned by its upcoming licensing process, reminding operators that applications will cost €45,000 each with no refund granted should an operator fail to …

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IBIA & bet365 advise Dutch government to drop in-play limitations

A diverse range of betting stakeholders have advised the Dutch government not to restrict betting markets and instead implement sensible in-play wagering policies, as the Netherlands prepares to launch its regulated online gambling marketplace in 2021. Industry submissions have been made public as the Dutch government concludes its consultation on draft laws intended to govern remote gambling services. Seventeen industry …

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Dutch KSA fines Kindred €470K for breaching 1964 conditions

Stockholm-listed Kindred Group Plc has been fined €470,000 by the Netherlands Gambling Authority (KSA) in relation to breaching legislative terms set by the ‘1964 Gambling Act’. Kindred said that the Dutch KSA has sanctioned the penalty to Malta-based trading subsidiary Trannel International Ltd for accepting wagers from Dutch customers in violation of 1964 Gambling Act regulatory provisions. The European operator details …

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Dutch KSA publishes first guidelines on money laundering

Kansspelautoriteit (KSA), the Netherlands gambling authority, has published its first guidelines on preventing money laundering and the financing of criminal activities through gambling verticals. Though not ‘legally binding’, the provisions and best practices promoted by KSA have been developed to ‘comply with obligations’ established by the Netherlands ‘Wwft Prevention Act’. Maintaining the integrity of Dutch financial systems, all business stakeholders …

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79 parties disclose interest in Dutch KSA licenses

The Netherlands gambling regulatory body Kansspelautoriteit (KSA) has issued an ‘intermediate update’, detailing that ‘79 interested parties’ have approached its organisation detailing interest in securing KSA online gambling licenses. KSA opened its operator registration process on 5 June, as the regulator published its new long-term strategy towards establishing its long-awaited Remote Gambling Act. Led by new Chairman Rene Jansen, the …

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Dutch KSA sets out new long-term Remote Gambling Act strategy

Dutch gambling authority Kansspelautoriteit (KSA) has set out its long-term strategy pertaining to the Remote Gambling Act that is set to come in to force, after a vote to accept implementation earlier this year came in excess of two and a half years after the bill was originally passed in its lower house. The regulator has laid out an initial target of the Remote Gambling Act …

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Betsson rebrands ‘Oranje & Kroon’ Dutch online casino properties

Stockholm-listed Betsson AB has confirmed that it will rebrand its two Dutch-facing online casino properties of Oranje Casino and Kroon Casino. Moving forward, Kroon Casino will operate under its new identity of ‘Casino Winner’, whilst Oranje Casino will be rebranded to ‘Loyal Casino’. Betsson has operated both online casinos since 2014, forming part of its €40 million acquisition of Oranje …

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