Online betting companies
888.com and Casumo have announced they will apply for a Dutch igaming licence in the coming months and in the meantime
888.com has withdrawn from the market saying this will cost them an estimated €10m in EBITDA in 2022.
A more recent prediction by Regulus Partners (above) suggests previous predicted current levels were underestimated and today’s online market in the Netherlands is worth around €750m.
THE TOP TEN
Te Dutch slots market is made up of 26,664 total slots located in 295 arcades and 6,963 restaurants which can operate slots. Tere are 14,973 slots in arcades and 11,871 slots in restaurants. Tere are some 669 licence holders.
At the beginning of October last year, the first 10 licences were awarded in the Netherlands for the online gambling sector with others anticipated to follow through into next year. Notable absences included JvH Gaming, Novomedia (Postcode Lotteries owner and largest charity lottery in Holland) and Runnerz.
Flutter Entertainment has also withdrawn temporarily from the Dutch market saying this will cost them €10m in EBITDA in 2021 and €40m in 2022. Te company hopes to resume trading in Q3 2022. Other groups such as Kindred and Betsson also hope to receive licences this year.
In 2019, Casumo was fined €310,000 by the KSA for offering online services without a licence. Te KSA also fined operator Tipico over €530,000 for illegally offering gambling to customers just days before the online gambling market opened. Although Tipico didn’t actively target the Dutch market, customers from the Netherlands were able to register with its payment provider with Dutch language support. An age verification process was also missing and there was no blocking of Dutch customers. Tipico processed some 4,974 transactions involving Dutch bank accounts between the end of April and the end of July 2020.
Meanwhile, several PSPs including iDEAL, Skrill, Neteller and Trustly no longer offer their services to unlicensed operators in the Dutch market
1. HOLLAND CASINO - With 14 venues, state- owned Holland Casino enjoys a monopoly for the operation of casinos in the Netherlands, offering a combination of table games and slot machines.
Holland Casino Online is one of the 10 companies who received an online gambling licence on October 1 and the company went live with its website on October 4.
Te website includes poker, slots, sports betting and casino games such as blackjack and roulette (live and online) whilst bingo is expected to follow soon.
Originally, when Holland Casino looked at the possibility of online gambling some years ago it entered a partnership with CryptoLogic. When legislation failed to materialise and CryptoLogic was sold to Amaya, the Dutch casino company
WIRE / PULSE / INSIGHT / REPORTS P99
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