The Casumo Group is withdrawing from the Netherlands after a recent regulatory overhaul by the Dutch Gaming Authority (KSA). Earlier this year, the KSA declared it had received submissions from 28 operators seeking to provide wagering in the recently regulated sector. To secure one of these permits, all interested firms were mandated to remit a charge of €48,000 (US$58,000). A mere 10 businesses will be lawfully permitted to function in the newly regulated internet gaming market within the Netherlands commencing October 1, 2021. The Casumo Group will cease serving its Dutch patrons effective that date. Furnishing games illicitly will be countered with penalties, and the KSA will be rigorously escalating the sum of these sanctions, having already reprimanded Malta-based provider Tipico for unlawfully proffering online games of chance. The KSA has affirmed that licenses will solely be granted to operators who fulfill all the stipulations and prerequisites. Corporations will be evaluated on a multitude of elements, encompassing, but not restricted to, their strategies to diminish irresponsible and perilous gaming, avert gambling dependency, and preserve a wholesome playing atmosphere for clients. René Jansen, head of the KSA’s board of directors, remarked: “With this legislation, our aim is to steer players away from unlawful vendors and towards a legitimate and trustworthy offering.”
Casumo is withdrawing from the Netherlands currently. They are deeply committed to securing a complete license there in 2022, so they aim to guarantee everything is perfectly above board with the Dutch regulators.
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