The Netherlands gambling regulator have released additional details on plans to license international gaming operators online.
The Kansspelautoriteit (KSA) regulatory body revealed the “broad terms” on Monday which it will consider online gambling license applications. The terms are broad as the Ministry of Justice and Security are still finalizing the gambling policy though the KSA hope to begin accepting applications starting July 1 2020 with the regulated market expected to launch on January 1 2021.
There will be four types of licenses for grabs which include casino games (slots, tables etc), poker, sports betting as well as race betting. All applications must be accompanied by a non-refundable fee of €45k and also be written in Dutch. Technical English language documents may also be submitted as long as they are accompanied by an adequate Dutch translation.
Among the KSA’s primary criteria for vetting is reliability which determines whether or not there are antecedents of criminal administrative or tax law. The clause applies not only to the company which is seeking the license but also to other principal figures including directors, stakeholder as well as affiliated companies all of which have to be able to demonstrate clean hands which date back to as much as eight years.