Published on 7 March 2014 by Sebas
About a month ago we commented on the purchase of two major Dutch online casinos, being Kroon Casino and Oranje Casino, by the Maltese company (with Swedish roots) Betsson AB. Betsson, as many of our readers probably
know, is one of Europe’s biggest online casino gaming (and betting) providers, that operates several different Netent Casinos, directed towards players in various countries. By buying the two online casinos (of which one, Kroon Casino, is also a prolific Netent Casino) Betsson suddenly becomes one of the biggest players on the Dutch market, that, however, yet has to be regulated. So do they know what their up to?
They probably do… Because the Dutch iGaming regulating body, the KSA, at this moment has published a draft law that, if becoming legislation on the 1-st of January 2015, could be very advantageous for Betsson. The legislation proposal consists (inter alia) of the following recommendations:
- Online casino games providers need to apply for a license to be able to operate on the Dutch market;
- This license is valid for 5 years and can be obtained by paying a license-fee between € 35,000 and € 50,000;
- Online casinos that don’t have a license are considered “illegal”;
- The online casinos need to identify (and verify) the player is older than 18 years of age.
So far so good because without a doubt Betsson will be able to comply with these regulations, and thus be able to gain a license issued by the Dutch KSA for their Kroon and Oranje Casino. And that’s a pleasant prospect for the Dutch players too because they will be able to enjoy the exciting Netent casino games Betsson and Kroon offer at least until the year 2020.
But, as always, not everybody is completely happy with the proposals of the KSA… Because the traditional providers of lotteries and casino gaming in the Lowlands also need to reapply for the same KSA license (and under the same conditions) as Betsson. And as Betsson has years of experience in the online casino gaming and betting business, the fear of many Dutch operators is they won’t be able to even compete with the online casino gaming giant and, by the way, (former) holder of an entry in the Guiness Book of World Records as the casino that paid out the highest online jackpot win ever.
The only solution we see for these “scaredy-cats” is to asap call Per Eriksson (CEO of Net Entertainment), immediately and at all costs close a license agreement with him (to be able to offer the popular Netent casino games to Dutch players too) and then maybe (but just maybe) they can prevent Betsson from completely dominating the Dutch iGaming market for years to come. To be continued…