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The Netherlands is in the process of creating a legal regulatory framework for online gambling, including wagering at online casinos.
The online gambling bill has been passed by the lower house and the remaining formalities are underway.
After the enactment of the bill, interested online casino operators will be able to obtain licenses from the Dutch regulatory authority.
These operators are presently offering online casino services from offshore jurisdictions.
It is not illegal for Dutch players link wager at these online casinos.
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Most Dutch citizens use credit cards for offline and online purchases.
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About Land Based Casinos in the Netherlands The key legislation covering gambling in the Netherlands is the Dutch Gambling Act of 1964 commonly referred to as the Wok.
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The first casino was opened in 1976 and today there are 14 casinos operating under the Holland Casino group.
The largest casino is in Amsterdam.
Players can wager on all the regular land casino games that include roulette, blackjack and baccarat.
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The profits from the Holland Casino chain are to go directly to the Dutch Treasury.
Though profits were recorded by the chain till about 2008, it is now making losses.
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The other reason is that it is under see more from the EU to end the monopoly regime.
The draft legislative proposal has been formulated as the Modernization Casinos Regime Act.
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However, privatization of gambling is not a high priority for the state and movement in this direction is behind schedule.
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A move by the government to legalize and regulate online gambling is underway.
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The proposal under review is known as the Modernization Casinos Https://internetbingogames.info/2020/uk-poker-championship-2020.html Act and it deals with both online and land based gambling.
The plan envisaged will require operators interested in providing online casino and gambling services in the Netherlands to apply for a license.
The Dutch regulatory authority KSA would scrutinise applications and award a five-year license to deserving operators.
It is the intent of KSA that the licensees be based inside the European Economic Area, although exceptions could be made on a case-by-case basis.
The draft proposal also envisages the creation of a Responsible Gambling fund to rehab players inflicted with problem gambling.
The proposal has already been passed by the lower house and is awaiting clearance by the upper house.
More than 200 operators have informed KSA that they would be interested in an online gambling license once the new legislation comes into effect.
We do not offer any online gambling ourselves and therefore can offer fair and unbiased guidance to Dutch online casino players.
Our main task is to review and rate the online casino operators in this market and recommend to you only the very best.
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We make sure that the online casinos that we recommend are licensed and regulated in the most respected gambling jurisdictions and that the games offered are fair.
We want our customers to focus on playing, so we keep track of the news and update them.
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In the current scenario it is important that players are abreast of the latest legal developments and we will be tracking this aspect on a regular basis.
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