Tag Archives: netherlands

Dutch KSA fines Kindred €470K for breaching 1964 conditions

Stockholm-listed Kindred Group Plc has been fined €470,000 by the Netherlands Gambling Authority (KSA) in relation to breaching legislative terms set by the ‘1964 Gambling Act’. Kindred said that the Dutch KSA has sanctioned the penalty to Malta-based trading subsidiary Trannel International Ltd for accepting wagers from Dutch customers in violation of 1964 Gambling Act regulatory provisions. The European operator details …

Read More »

Betsson H1 results disrupted by tough regulatory dynamics

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

Read More »

Dutch KSA publishes first guidelines on money laundering

Kansspelautoriteit (KSA), the Netherlands gambling authority, has published its first guidelines on preventing money laundering and the financing of criminal activities through gambling verticals. Though not ‘legally binding’, the provisions and best practices promoted by KSA have been developed to ‘comply with obligations’ established by the Netherlands ‘Wwft Prevention Act’. Maintaining the integrity of Dutch financial systems, all business stakeholders …

Read More »

Martin Lycka: Online gambling regulation – quo vadis?

QPAs - Copyright: georgejmclittle / 123RF Stock Photo

In the first of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the history of gambling law and identifies the key elements that link the most successful regulations. When I joined the online gambling industry ten years ago one of the ultimate regulatory goals was to convince the European …

Read More »

79 parties disclose interest in Dutch KSA licenses

The Netherlands gambling regulatory body Kansspelautoriteit (KSA) has issued an ‘intermediate update’, detailing that ‘79 interested parties’ have approached its organisation detailing interest in securing KSA online gambling licenses. KSA opened its operator registration process on 5 June, as the regulator published its new long-term strategy towards establishing its long-awaited Remote Gambling Act. Led by new Chairman Rene Jansen, the …

Read More »

Dutch KSA appoints ‘Security Pro’ Ronald Prins to lead advisory

Kansspelautoriteit (KSA) the gambling regulatory authority for the Netherlands has confirmed the appointment of Ronald Prins as new Chairman of the KSA Advisory Board, succeeding incumbent Arthur Docters van Leeuwen. Established in 2014, the KSA Advisory Board assists the regulatory authority and wider stakeholders with advice and guidance on a number of disciplines, ranging from policy making, gambling standards, public …

Read More »

Dutch KSA opens up consultation on player protection measures

Dutch - Copyright: viperagp / 123RF Stock Photo

Dutch gambling regulator Kansspelautoriteit (KSA) has set out to gather the opinions from the gambling industry and stakeholders regarding player protection measures as part of an industry-wide consultation. The Dutch Senate recently passed its Remote Gaming Act after debating the bill for two and a half years. But following the approval of the legislation, the KSA has been tasked with …

Read More »

Dutch KSA increases illegal online gambling fines as part of policy review

Dutch regulator Kansspelautoriteit (KSA) has upped its minimum illegal online gambling sanctions from €150,000 up to €200,000 following the decision from the country’s Senate to approve its Remote Gaming Act. The fines, which come into force today, may be subject to change depending on the number of illegal sites and games as well as the number of bonuses and prizes …

Read More »

Dutch KSA faces political pressure to ‘punish cowboys’

Following two and a half years of debate and obstruction, on 19 February the Netherlands House of Representatives, moved to approve the nation’s ‘Remote Gaming Act’ (Netherlands RGA), laying foundations for a licensed online gambling marketplace, compliant with EU competition standards. European industry stakeholders, currently waiting for the Act’s mandate to be passed into Dutch law through the process of …

Read More »

Dutch senate passes Remote Gaming Act after years in limbo

Two and a half years after the original bill was passed in its House of Representatives, the Dutch Senate has finally passed its Remote Gaming Act, paving the way for igaming regulation across the Netherlands.  With the aim of addressing the unregulated online gambling market for Dutch consumers, the new legislative framework will be integrated into law through a Royal …

Read More »