Holland Casino Relationship Playtech Strengthen Until The Opening of Netherlands Market
In anticipation of the launch of the country’s online gaming and sports betting industry, gambling software giant Playtech has entered into a new, extended long-term partnership arrangement with Holland Casino, Netherlands’ state-owned land-based casino operator malaysia casino online. The new software and services contract marked a significant strategic move for the enterprise and builds on the record of its participation in the developing and growing newly regulated online gaming markets. Playtech said on Wednesday.
Actually, Holland Casino owns 14 Netherlands casinos. The business wants to extend into the online sphere and sell gambling and wagering offerings in a casino theme. The Netherlands will re-organize its internet gambling industry in a manner which enables foreign companies to obtain licences through the local regulator, the Kansspelautoriteit, in a controlled environment after a long legislative process which has hit several bumps and obstacles over a number of years. It is estimated that the local market will eventually open by October.
Online gaming market in the Netherlands
Playtech CEO Mor Weizer said of her most recent significant announcement that they are pleased to develop this strategic relationship with Holland Casino. The brand strength and local presence of their partners coupled with the more than 20 decades of Playtech’s leadership in gambling technology would allow them “to accelerate the growth of the industry online in the Netherlands. Mr Weizer also noted that he looks forward to working together with Holland Casino and to “providing the best quality gameplay experience in the Dutchen retail and online.”
The first team from Playtech and Holland Casino was the major technology and online casino content supplier in late 2013 to build and power the operator’s online gaming site by winning a successful tendering competition. At the time the country was supposed to reorganise the online gaming industry by 2015.
The increased collaboration between Playtech and Holland Casino is the newest of the company’s many promising news in recent weeks. Late last month, it initiated an alliance with Parx Interactive, US online gaming operator in Michigan, which further strengthened the footprint of Playtech.
After Minister Dekker discussed it with all the interested stakeholders, the Netherlands Gambling Authority said that it took the decision on the delay in enforcement of the Remote Gambling Act.
The Regulator has stated that as the new gambling legislation enters into force on 1 March next year, interested online gambling companies would be eligible to start applying for their licence from that date. The Netherlands currently lacks a system for providing online gaming services in the region, enabling foreign players in unregulated environments to serve local gamblers for many years. One of the most conservative steps of this kind will be to force candidates to scrub the customer bases that they have collected in the years leading up to the municipal space reorganisation.
Additional provisions provide the obligation for licensees to file periodic reports containing specific details about their use of their websites. Operators would still have to report the number of players rejected, any data loss and the number of reports they have treated annually to Kansspelautoriteit.