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New Policies for the Dutch

Dutch online casinos gamblers have just had their choices for internet gambling sites dramatically decreased with new Dutch regulations in place. The Dutch government has operated a gambling monopoly prior to the new regulations, but previously other foreign gambling companies were able to target players in the Netherlands and still have access to Dutch players. But new Justice Ministry regulations make it much harder for foreign online casinos to access Dutch players and process payments from these players. The new regulations in place put restrictions in place that are actually similar to restrictions in the United States that put the brunt of the enforcement on financial institutions.

Specifically, the Dutch financial institutions are criminally liable if they process payments from any online casino company other than Holland Casino, the government’s official monopoly. And though the new policy is in place immediately, like the U.S., the financial institutions are left with letter specifics on how to determine legal transactions and those transactions that are from foreign online casinos.

To that end, the Dutch government apparently plans to release a list of the online gaming sites and companies that are banned this coming spring. The Volkskrant newspaper carried the news although there has been no official press release on the details from the government. The Justice Ministry reported that roughly 30 foreign online casinos are currently targeting the Dutch market, and these 30 companies will be on the spring list of banned sites.

And as for the demands from the European Commission that the Dutch government re-open the internet casinos industry to foreign operators, the Justice Ministry claims that the monopoly protects players from criminal activity and protects vulnerable gamblers.