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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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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Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …
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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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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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Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …
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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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In the first of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the history of gambling law and identifies the key elements that link the most successful regulations. When I joined the online gambling industry ten years ago one of the ultimate regulatory goals was to convince the European …
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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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Kansspelautoriteit (KSA) the gambling regulatory authority for the Netherlands has confirmed the appointment of Ronald Prins as new Chairman of the KSA Advisory Board, succeeding incumbent Arthur Docters van Leeuwen. Established in 2014, the KSA Advisory Board assists the regulatory authority and wider stakeholders with advice and guidance on a number of disciplines, ranging from policy making, gambling standards, public …
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