Net Gaming aims to capitalize on the Dutch Market
Last week the Dutch parliament had a final saying regarding the secondary legislation related to the Remote Gambling Act.
The implementation of the Act will end the long overdue wait for a modern gaming legislation in the Netherlands. The new law is expected to enter into force in Q1 of 2021, which is also when license applications will be accepted for operators.
Net Gaming has chosen to take swift measures to be in the best position to capitalize on the Dutch market at the earliest possible time. The measures include adjustments to the product offering to be compliant on the Dutch market until the new law is entered into force.
The implementation of the Remote Gambling Act in the Netherlands is a step forward for the Dutch market and consumers, as well as a positive development towards locally regulated revenues for Net Gaming. Whilst we will have a short term negative impact on revenues in the Netherlands, the measures ensure a strong position, sustainable outlook for the Dutch business and are long-term investments. Above all, we are committed to work with the Dutch regulator and we are positive to take part of the regulated market in the Netherlands.