PokerStars and other unlicensed online gambling operators in the Dutch market will have to leave by November 1 or face hefty fines from the gaming regulator. [Image: Shutterstock.com] Laying down the law
When Netherlands lawmakers passed the Remote Gambling Act in April 2021, it meant an end to the country’s unlicensed online gambling market. With internet gambling now legal across the country, gaming regulator De Kansspelautoriteit (KSA) has given its final deadline for all unlicensed operators to leave.
Netherlands Minister for Legal Protection Sander Dekker has ordered the KSA to take action against any unlicensed operators that do not exit the market by November 1. Prior to this, they must stop accepting new customers by October 1. The minister has given the regulator the power to impose hefty fines if firms do not meet this target.
Among others, these deadlines pertain to PokerStars, Unibet, and Bwin, who all currently operate in the market without licenses. If they remain, they will face basic fines of between €150,000 ($175,676) and €600,000 ($702,705) starting November 1. If a company’s annual turnover exceeds €15m ($17.6m), the KSA will fine them 4% of this amount instead. Some time to cool off
As stipulated in the Dutch Remote Gambling Act, unlicensed operators in the Netherlands will now face a cooling-off period in which they must leave the market for at least six months. They may then apply for an official gambling license through the KSA if they wish to rejoin the market. It could take some time for them to receive this permit, however.
While Flutter Entertainment-owned PokerStars will have to leave the Dutch market for the foreseeable future, other popular poker operators such as GGPoker and Party Poker have the option of applying for Dutch licenses straight away. Both left the Netherlands multiple years ago, and media reports suggest they will be among the first legal poker sites to go live in the country.
Outside of just poker, reports suggest that Betsson, Entain, Kindred Group, and 888 Holdings have all applied to enter the Dutch iGaming market. The KSA received 28 provisional license applications in April . It […]
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