Netherlands To Expand Online Gambling In 2015

Online gambling is a reality here to stay and more countries are looking to embrace it rather than criminalize it. Netherlands is just one such country in Europe who have announced they are to open up online gambling to competition in 2015. Currently there is a monopoly of the state-run Holland Casino which is set to suffer from the planned changes. In terms of the draft legislation recently drafted applicant will have to comply with strict guidelines while enjoying lower tax rate of 20% compared to the 29% of the Holland Casino. This low tax incentive is aimed at attract ting foreign operators to invest in the Netherlands.In terms of the coalition agreement signed by the PvdA and VVD licence holders will also have to set up a fund to combat gambling addiction as well as offering players a self-imposed limits which would ban them from playing.
Another interesting update is that social gaming giant Facebook has agreed to avoid targeting Dutch users with adverts promoting gambling sites. This is in accordance with the Dutch gambling authority Kansspelautorteit. A statement from their spokesman Paul Tang stated,” Facebook is a low threshold social network with easy access to youngsters. By taking this step, the organization is showing it takes its social responsibilities seriously.”

The global online gambling market is set to expand as we see in the U.S. and other countries which are coming to terms with the reality that millions enjoy a flutter on a regular basis. It makes no sense to turn away tax revenues from legal online gambling sites while foreign operators cash in at the state’s expense.

Be Sociable, Share!

Leave a Reply

Your email address will not be published. Required fields are marked *