Netherlands to Sell Gaming Monopoly
Wednesday, February 2nd, 2011 - Emily W
Online gaming is always a huge revenue generator, no matter what country you’re living in. The Netherlands have recognized this fact and the government is now focusing its efforts on e-gaming rather than its land-based counterpart. As such, the Finance Minister Frans Weekers has announced that the country is planning on selling off Holland Casino, the country’s gambling monopoly.
The monopoly currently owns 14 properties across the country, which contributed nearly £140 million to the government. However, the option of privatization seems more attractive to the Netherlands. With the country looking at regulating online gambling in the near future, land-based operators simply may not prove to be a profitable endeavor.
The government has voiced its dedication to safe gambling, and will continue to fight problem gambling across the country. The Frans Weekers also stated that the sale of the monopoly will not lead to the establishment of a private monopoly.
In March, the Netherlands will begin making changes to its current gambling laws, which will include the establishment of online gambling regulation. It is likely that the country will adopt a similar scheme to that of France, requiring all operators to obtain a gambling license in order to operate in the country.
You must be over 18 years of age to register and to place a bet. The company reserves the right to ask for proof of age from any customer and customer accounts may be suspended until satisfactory proof of age is provided.
St Minver Limited is licensed by the Gibraltar Licensing Authority and regulated by the Gibraltar Regulatory Authority under the 'Gambling Act 2005'.