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Gambling Legalisation in the Netherlands continues to progress
Legalisation in the Netherlands continues to progress, albeit slowly as the draft legislation wends its way through the political and bureaucratic labyrinth.
The latest version of the bill amends server obligations and presumably seeks to alleviate European Commission concerns by removing suggestions that current licensees in the country be given a time advantage when the newly legalised market opens.
Several independent observers have reiterated that such a market opening is still a good 18 months away.
The Dutch Remote Gambling Act received the approval of the Council of Ministers last (February) month and is now undergoing technical scrutiny by the Council of State
After this it will be submitted to the Lower House of Parliament for further study and possible debate, and from there the measure will go to the Dutch Senate.
Assuming that the bill makes it through the political gauntlet, it will go forward for promulgation in the state Gazette - probably by early 2015.
That will empower the regulator, or Kansspelautoriteit, to consider the issue of licensing over the next few months.
Reliable estimates predict the Dutch online gambling market will generate GGR of Euro 266.5 million initially, growing to Euro 370 million by 2016. With a population of 16.7 million and good quality, high internet penetration there are high hopes for the new sector.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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