KSA confirms 28 license application to enter Dutch new regulated market

KSA confirms 28 license application to enter Dutch new regulated market

Kansspelautoriteit (KSA) confirmed the receipt of 28 license applications with the Dutch new regulated online gambling market set for launch later this year. 

The Dawn of New Online Casino Market

The Dutch gambling regulator reported that the operators bidding to enter the new gaming market paid a fixed fee of €48,000 (£41,578/$57,787) as part of the market entry application.

KSA Chairman René Jansen expressed his satisfaction with the number of applications since the licensing window’s commence last April 1.

The application for the license is just the first step before operators can carry out online casino business in the Netherlands.

According to the guidelines set by the KSA, the applicants must meet all of the KOA Act’s pre-market technical requirements with regards to maintaining their customer databases and connecting their remote platforms with the ‘Cruks’ national self-exclusion database.

The Dutch policy agencies also require that applicant parties provide a ‘quality assurance document’ verified and approved by an independent auditor as the final amendment of the KOA act.

KOA applicants also have to register and name their assigned ‘Dutch officer,’ who will serve as the legal representative of the business with regards to their market activities and regulatory disciplines.

Key People on the Licensing Window Update

René Jansen, KSA Chairman, explained the importance of the KOA act to properly regulating gambling activities online. He also shared what he thinks would be the environment in Dutch’s new online gaming marketplace.

“The intention of the law is to channel players from illegal providers to legally reliable providers. With this number of applications, I am confident that there will soon be a sufficiently attractive and varied offer to achieve this objective.”

“The law modernizes Dutch games of chance policy. The legalization and regulation of online games of chance is the most eye-catching innovation,” KSA detailed in the signing-off of its statement.

“The law also tightens up the requirements in the field of addiction prevention for all high-risk games of chance (online and land-based). Additional and new provisions will also apply in the field of advertising and recruitment.”

About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.