The recent authorization granted to One Casino Limited marks a significant milestone in the landscape of online gambling in the Netherlands. This sanction, allowing the offering of internet-based games of chance, aligns with the string of approvals already bestowed upon various companies in the country.
Licensing Overview
In September, the Dutch regulatory body, Kansspelautoriteit (KSA), issued three iGaming licenses to Tulipa Ent, Smart Gaming BV, and Holland Gaming Technology. One Casino Limited’s recent approval has made them the 23rd licensee, following the footsteps of the aforementioned trio and the 19 other entities that had received licenses earlier.
However, the specific domain name under which One Casino will operate remains undisclosed. Once this detail surfaces, the KSA plans to update the Netherlands’ online gambling register, Kansspelwijzer, accordingly.
Context and Market Review
This accreditation emerges amidst a comprehensive one-year market review conducted since the launch of the regulated iGaming market in October 2021. The recently published report encapsulates the inaugural 12 months of this new framework.
Rene Jansen, the Chair of KSA, articulated the country’s incremental progression towards the ultimate objective of establishing a secure environment for online gamblers while combating illegal gambling providers.
Jansen emphasized the importance of careful adjustments based on observed facts, striving for a delicate equilibrium. Excessive regulation on legal providers may inadvertently drive consumers towards illicit operators. He stressed the need for judicious choices, partly informed by the insights gleaned from their reports.
Impact on Channelization Efforts
The issuance of additional licenses, exemplified by One Casino’s approval, stands to bolster the KSA’s efforts in channeling consumers towards legal and regulated gambling platforms. This move is pivotal in combating the prevalence of illegal gambling and enhancing consumer protection within the Dutch gambling market.
The approval granted to One Casino Limited signifies another stride forward in the Netherlands’ endeavor to cultivate a secure and regulated iGaming landscape. The KSA’s commitment to vigilance, evidenced through ongoing reviews and strategic decision-making, underscores their dedication to creating a safer space for online gamblers while curbing illegal gambling activities.
As the Dutch iGaming sector continues to evolve, the collaborative efforts between regulatory authorities and licensed entities are instrumental in shaping a responsible and thriving online gambling environment in the country.
The progressive approach demonstrated by the Netherlands in regulating its iGaming market serves as a benchmark for other jurisdictions aiming to strike a balance between consumer protection, industry growth, and eradicating unlawful gambling practices.