Holland gives Green Light for Online Gambling
By Simon Wright, Last updated Feb 20, 2019
Positive news coming out of Holland yesterday ( Tuesday, 19th Feb 2019 ), as the Dutch government gave the green light to regulate and legalise online gambling. With the Dutch Senate on Tuesday voting in favour of legislation to legalise the industry in the form of the Remote Gaming Act. This move is likely to see a large uptake of operators applying for licenses in the country.
The vote of Tuesday comes after the lower house two years ago voted in favour of allowing third parties to offer gambling services to their residents.
The Holland Casino located in Amsterdam is currently the only state regulated gaming establishment, but foreign operators have offered their services to Dutch residents, ignoring the state ban on their activities.
The news coming out of Holland is a shot in the arm for the iGaming Industry, after the Norwegian Gaming Authority earlier this week announced plans to ban financial transactions from Norway’s banks and iGaming operators.
The move by the Dutch Senate is subject to secondary legislation which according to reports will have to be approved by the European Commission. However, it is expected that licenses will start to be granted to operators from the middle of next year.
For Dutch players, this will also provide them with an extra level of security, knowing that the casinos and sportsbooks they choose to play at will be regulated. Offering them a very real route of recourse should any problems arise.