News, Culture & Society

iGaming industry is making its push into the Netherlands: Is everyone ready?

Following countless delays, the Dutch iGaming industry will finally be launched on October 1, 2021. Casino operators that receive a permit will be able to provide gambling activities to customers in the Netherlands. Besides Dutch companies, foreign companies are looking forward to obtaining a permit.

This couldn’t have come at a better time. Dutch players are interested in legal offerings. To be more precise, they don’t want to gamble their money away at illegal online casinos. New opportunities for businesses and customers are visible on the horizon.

The introduction of the Remote Gambling Act in the Netherlands means that almost all countries within the European Union now have a system for regulating online gambling. Until now, the Netherlands used to be one of the very few EU countries that hadn’t introduced any regulations with regard to online gambling.

The launch of the Dutch iGaming industry brings the Netherlands in line with other nations. While on the matter, it’s worth mentioning that regulation is a sensitive topic and different countries have different approaches to the issue. For the time being, there is no EU-wide legislation to regulate this market, which is a shame taking into consideration that it’s highly lucrative.

The benefits of legalized online gambling are underappreciated

Playing casino games is a recreational outlet, meaning that it can enhance mental health. Having a recreational activity you can turn to helps eliminate tiredness and makes you happier. You spend time doing something you truly like. The more interested you are, the more you’re likely to do it every day.

Those who take part in gambling activities at different types of online casinos get intrinsic benefits from the consumption. It’s a harmless type of entertainment that provides a recreational outlet for participants. Not only is gambling exciting but also socially engaging. It’s possible to play with real dealers and the best part is that it’s not necessary to visit a land-based establishment.

More often than not, the social costs of web-based gambling are overstated. Very few people struggle with pathological gambling. Contrary to popular opinion, people who play casino games don’t have higher levels of debt. The portion of revenue that can be derived from gambling activities is substantial.

Online casinos can add more revenue streams, not to mention that they offer consumers a better experience. It’s believed that the Netherlands iGaming market will be the most spectacular thing anyone has ever seen. According to the data available, the Dutch online gambling market will have a healthy start. Dutch players are by far the biggest spenders when it comes to casino games and diversified gambling operations will attract a new audience.

Numerous companies are applying for a gambling license to run online gambling activities

Gambling is regarded as one of the most profitable businesses around the world. An online casino has many advantages that insure it, so as to say. Establishing a casino brand in new markets unlocks new competitive advantages, as the business gains access to new customers and strengthens its value proposition.

Not surprisingly, a great many companies have applied for a Dutch iGaming license and are eagerly awaiting approval. The companies that will be approved will have to undergo strict checks and make a considerable financial investment. The web-based application portal opened on April 1 but wasn’t functional due to a technical error. The issue was addressed by the end of the day.

As the Netherlands is opening its legislative door, casino brands from across the world are broadening their horizons and pushing into the Dutch market. Competition is fierce, although there’s not a bewildering choice. Dutch casinos not only have impressive catalogues, but also they’re backed by top software providers.

Take Holland Casino as an example. It has signed an important deal with Playtech, a market leader in the gambling industry. Greater pressure is applied to standard conversion and retention tools, such as bonuses. Online casinos will struggle to find a way to stand out.

Needless to say, it’s difficult, if not impossible not to find casino bonuses online exclusive. The point is that while bonusing is a strategy that can be easily implemented, its efficacy may not be as powerful as expected.

Citizens of the Netherlands are looking forward to transparent and safe online gambling

The Dutch iGaming industry is a promising niche that is predicted to become highly profitable. There is great potential for business as games of chance appeal to millions of people. Dutch players are looking forward to transparent practices and would like web-based gambling establishments to ensure their safety. A lot of what has happened in the past years has created a culture in players. They’re looking for the next best thing, but that doesn’t mean that they’re willing to sacrifice quality.

The Dutch online gambling industry will evolve together with technology. Casino operators won’t be able to cater to the needs of sentimental gamblers, but they can help the industry become more transparent. Gambling businesses must be fair, open, and transparent as far as their policies and procedures are concerned.

Online casinos should be as safe as financial institutions. To be more precise, they should go the extra mile to ensure that transactions are safe and secure. As a rule, online casinos use data encryption, so the information is safe. Privacy policies are equally important because they tell you how the business is going to use your information.

Finally, yet importantly, casino operators should comply with predetermined guidelines, minimum standards, and other requirements. The Gaming Authority will make sure that web-based gambling establishments are legit before providing them a license. What is more, it will continue to check on operators for years to come to ensure they’ve deserved to be granted a license.

To avoid gambling in an unsafe online casino, it’s recommended to read reviews, look for fair bonuses, and make sure that the games are provided by a reliable software developer. The Kansspelautoriteit assumes responsibility for supervising providers of games of chance, taking as much time as necessary to do research, and penalizing them for failure to comply with the rules.