Entain Backs Out of Dutch Market After Not Acquiring Gaming License
The Entain Group have today announced that they will be ending all their operations in the Netherlands starting Friday, October 1.
In a press release issued this morning, the company stated:
“Since July 2019 Entain has been operating in compliance with the Netherlands Gambling Authority (“NGA”) ‘cooling off’ criteria. In accordance with the NGA’s policy changes announced last week Entain will cease its offering for players in the Netherlands on 1 October 2021. This will impact EBITDA by around £5m per month. Entain will submit its Dutch licence application later this year and the Group aims to be granted a licence during the first half of 2022, in line with the Group’s objective of only operating in domestically regulated markets.”
The move will see the group’s popular brands such as BWIN, Partypoker, PartyCasino, Ladbrokes and Coral withdraw from the country. It is expected that a geoblock will be in place which prevents any players accessing the site from the Netherlands.
This action comes after the Dutch Remote Gambling Act, in force since April, requires a license to operate in the country, October 1 onwards. While large online operators such as bet365 and GGPoker have been issued a license to operate in the Netherlands this week, Entain will have to wait at least another 6 months.
Two other large providers of online gaming, Flutter, known for its PokerStars and Betfair brands and the Kindred Group, with Unibet in their stables, have also not secured a license. They are expected to follow Entain’s decision and announce a complete shut down of Dutch operations soon as well. The Dutch Gaming Authority, Kansspelautoriteit (KSA) are going to enforce the legislation in place and will issue significant fines to operators who have not been issued a license. More importantly, providers will risk not being granted a license early 2022, should they continue business as usual.
The post Entain Backs Out of Dutch Market After Not Acquiring Gaming License appeared first on iGaming.org.
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Author: iGaming Team