Netherlands is cleaning its online gambling house, ready to start fresh in October. After Dutch lawmakers passed the Remote Gambling Act in April, internet gambling became legal, but operators must be licensed to offer their games. As such, Dutch regulator De Kansspelautoriteit (KSA) has set a deadline of October 1 for unlicensed operators to stop accepting new customers. It is at that point that license approvals will begin.
Sander Dekker, the Netherlands minister for Legal Protection, ordered the KSA to begin fining unlicensed operators who do not withdraw from the Dutch market by November 1. The fines can range between €150,000 and €600,000, but for companies with annual turnover of more than €15 million, the fine will be 4% of said turnover.
The Remote Gambling Act mandates a six-month “cooling off” period, a sort of online gambling penalty box, if you will. That doesn’t mean that operators will immediately be able to hop back in after half a year, but operators can at least get the licensing application process started.
So, while the October 1 deadline looms for unlicensed operators, there is still a grace period of another month before they start getting in trouble. That should give them time, if they haven’t made plans already, to make arrangements with their customers.
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