Despite the recent changes at Netherland’s Secretary of State Justice office, the changes in Dutch gambling regulations are to be continued as planned.
The retirement of Fred Teeven, regarded as the Netherland’s online gambling bill designer, caused slight anxiety among gaming companies. He was replaced by Klass DiJkhoff who ensured that both regulation and licensing will continue as planned before as he runs the office. DiJkhoff expressed his commitment to completing the process of regulating Dutch gaming market in the shape proposed by his predecessor.
The Dutch Online Gambling Bill will enter into force in 2015 and is one of the most highly anticipated regulatory changes among worldwide gambling market. Under current laws that date back 50 years, foreign companies cannot target players from the Netherlands. The fact is – it is hard for Dutch online gamblers to follow the rules of a 50-year-old-bill, as back then there was no Internet in the first place. From this point of view nobody should be surprised by the statistics – it is estimated that over 1 million Hollanders are using unregulated online gambling websites.
New regulation is designed to modernise Holland’s gaming market in 3 areas:
- Online Gaming
From 2015 Holland will start issuing licenses for online games (casino games, poker, sports betting) providers. The company applying for a license will have to meet requirements specified in the bill. It is said that around 200 online gambling entities have expressed their interest in obtaining Dutch license. Residents of the Netherlands will be able to play legal online games of chance. The tax will be set at the level of 20%.
- Land Based Casino
The current state-owned monopolist – Holland Casino – will be privatised in 2017. It now consists of 14 establishments. 10 of them will be sold together and will retain the name, the other 4 will be sold separately. Moreover, 2 licenses for land based casino will be issued. This will give Holland the total of 16 land based casinos. They will be divided into 5 regions to avoid cumulation in one area.
- Gambling-related Charity
0.5% of the licensed providers’ gross turnover will be contributed to the Gambling Addiction Fund. There also will be a central registry created for players with gambling problem – once an individual break the self-imposed limits, he will be temporarily banned from playing. What’s more the lotteries will be obliged to transfer 40% of their turnovers to charities.
Attending Gaming in Holland Conference is a great chance to be introduced to the opportunities that the new Dutch regulation brings. The fourth edition of this event has a special meaning as in 2015 the Dutch gaming market enters a brand new legislation regime. Top notch of the world of gambling will participate in this year’s edition of Gaming in Holland Conference to share their experience and knowledge. Visit the event’s website and see the intense schedule that follows the Conference’s theme “Opportunities in a regulated market”.