Dutch government liberalizes gambling monopoly
It has finally been decided by the Dutch government to sell all fourteen casinos operated by Holland Casino, authorize and regulate online gaming, with the issuing of new licenses. The sale of ten properties in bundle is also planned for later this year, with the remaining four being sold individually the following year, in 2015.
Applicants for a licence to offer online poker, casino games and sports betting will have to meet ‘very strict conditions’, junior justice minister Fred Teeven said in a statement. Casinos would pay a lower 20% gaming revenue tax plus two per cent for problem gambling programs and to regulators. Prior to this new set of regulations, Casino and arcade owners had to pay 29%. The reduce tax scheme is set to level the playing field for new entrants into the market.
The draft law is undergoing a consultation process which is set to last a couple of months, before moving on to the Dutch Parliament.
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