Dutch gambling authority fines 10 companies a total of €3.5m this year

[BitcoinsGreat]

29% Taxation for that particular country? Thats a horrible situation for gambling site/place owners on that particular place.
We dont know if this would have snowball effect and be considered with other countries as well but i would say that this wont really be
good into their sight.

This percentage for taxation is not realistic by any means and no business can be run which they know that they have to give this much big amount as a tax. If the governments wants everyone to pay the tax they should lower the taxable percentage else either no one will pay the tax or gambling business will just die away as no one will be starting this business in dutch.

[justdimin]

There is really no reason to have gambling operations in Netherlands at all. I mean they have always been very very strict about their gambling policy, worst in any country I know and they have been actively punishing all companies that allow Duth people to gamble as well. Hell they went as far as actually banning loot boxes in computer games, you can't even play NBA2K properly if you are from Netherlands for example because they do not allow the card opening thing (same goes for Fifa I think), when a nation bans games to sell loot boxes you know you are not welcomed there as a casino at all.

There are hundreds of other nations and probably 20 very big nations that basically turns a blind eye to it, just focus on them and don't operate in Netherlands at all. Simple solution.

[Questat]

This isn't related to crypto gambling, am I right?

Gambling really if the operators will get a permit, they need to pay a high amount since this kind of business are killing the money of the people, hence this is one of the most profitable industry.

I am not sure how the crypto gambling sites are being treated, AFAIK, there are gambling sites that are not license and there are sites that are license.

So the trend in the future would still be fiat or people going to crypto gambling?

[Oilacris]

29% Taxation for that particular country? Thats a horrible situation for gambling site/place owners on that particular place.
We dont know if this would have snowball effect and be considered with other countries as well but i would say that this wont really be
good into their sight.

This percentage for taxation is not realistic by any means and no business can be run which they know that they have to give this much big amount as a tax. If the governments wants everyone to pay the tax they should lower the taxable percentage else either no one will pay the tax or gambling business will just die away as no one will be starting this business in dutch.

Business in dutch? Its the people who lived there and not a particular country when we do talk about dutch then to those people who do lived in Netherlands.

When talking about that taxation of 29%.Yes it isnt unrealistic but they wont have any choice but to deal with it if they do really force out to have that gambling business to that place.
Its too much and for sure this would lessen up those numbers.

[leowonderful]

I think it is extremely expensive for any casino to pay 29% taxes.It looks like Netherlands don’t really want gambling in their country as I think not many casinos will be teased to open up there.I also think there is not a lot of population in Netherlands too that would make casinos pay that crazy tax amount.

Exactly my thoughts. Seems like they really don't want their citizens gambling in general, though they're allowing casinos to operate though at the cost of very high fees so it seems like the state isn't as controlling over gambling on the surface. Yet another good reason why crypto casinos and crypto as a whole is so great, because even though many sites do block locations like the Netherlands for the sake of regulations, it's not very hard to get around them if you really do want to gamble.

[livingfree]

Is online gambling in Netherlands is prohibit? they should open it by 2020 instead of 2021 as they can see how much money is flowing to the gambling operators.

It is really one of the biggest tax contributor while others still doesn't see the point of its existence. The article didnt mentioned if some of them are crypto related casinos.

Of course the time allotted can be changed. If the authority can make a certain adjustments on their laws, maybe they can open it by 2020. It needs a thorough observations and studies to pursue this kind of legalities since it involves money.

We can't say "of course" if we're not involved on this matter. Only the officials that can give that verification if they will change the allotted time but if there's no sign of it, the operators are free to decide what shall be their next move.

It's a make or break for both sides but I think the government of Netherlands will lose a big part of taxation if they will be too strict regarding the approval of these casinos.

[Ucy]

What are they being fined for? For operating illegally? 
I wonder why the high tax though. I guess the government doesn't like gambling very much or want to make it a little bit expensive to discourage people from gambling. Guess increase in taxes could make the gambling sites/centers to hike their prices, and people would probably look for cheap online ones that exist outside of the country.
It probably would be better to increase taxes for the  "bad" gamblings and reduce for the good ones.

[Eclipse26]

I have no idea about laws and regulations of Netherlands in gambling but what I can say based on this thread, putting up a casino business isn't profitable in that country. I mean, that's a huge tax percentage for the business. And that they're being fined huge amount as well. It's like a monopoly by the government since there's only one legal casino in Netherlands. I wonder why they're being that strict with gambling

[Kasabus]

What are they being fined for? For operating illegally? 

https://casinodepositbonus.com/casino-industry-news/dutch-gambling-authority-fined-betting-casino-companies-e3-5m-this-year/

Holland Casino is the Netherlands’ only state-regulated gambling establishment. In the 2019 period, 10 companies were fined for offering online gambling services to Netherlands residents. One company was a repeat offender.

they need to have the license to offer to the netherlands people...

I have no idea about laws and regulations of Netherlands in gambling but what I can say based on this thread, putting up a casino business isn't profitable in that country. I mean, that's a huge tax percentage for the business.

They know that gambling business are profitable in general that's why they charge a huge tax on it.

And that they're being fined huge amount as well. It's like a monopoly by the government since there's only one legal casino in Netherlands. I wonder why they're being that strict with gambling

This is to ensure that gambling operators will get their license and comply with the law accordingly.

[Ucy]

What are they being fined for? For operating illegally? 

https://casinodepositbonus.com/casino-industry-news/dutch-gambling-authority-fined-betting-casino-companies-e3-5m-this-year/

Holland Casino is the Netherlands’ only state-regulated gambling establishment. In the 2019 period, 10 companies were fined for offering online gambling services to Netherlands residents. One company was a repeat offender.

they need to have the license to offer to the netherlands people...

Interesting.
"Holland casino" (a single casino company?) is the only state-regulted(state  approved?) casino in the whole country? This probably means only one casino owns the whole legitimate casino in the country, right? The license must be very tough to obtain or something .

[aioc]

"The Dutch gambling authority (Kansspelautoriteit) fined companies offering online betting and casino / gambling games in the Netherlands a total of €3.5m in 2019, an increase of more than 50% the 2018 fine total.
.... the rise is due to both a rise in the maximum fine (to €200,000) and a rise in the number offenders being penalized."

"The Netherlands senate voted to open the gambling market to domestic and foreign gaming operators as early as 2021. Gambling firms will need to apply for a licence, and will be forced to pay gambling taxes at 29%, - one of the highest rates in Europe."

"Most of the major European gambling and online casino groups have now been fined by the Dutch watchdog - so many of them will need to wait for a cooling period before their application can be accepted." - source

There's bad news and good news here, the bad news is they fined these gambling sites, and they are forced to pay 29% taxes, the highest in Europe, the good news is they are giving these gambling sites license to operate makes them a legit company to operate now in the Netherlands.

[AmoreJaz]

"The Dutch gambling authority (Kansspelautoriteit) fined companies offering online betting and casino / gambling games in the Netherlands a total of €3.5m in 2019, an increase of more than 50% the 2018 fine total.
.... the rise is due to both a rise in the maximum fine (to €200,000) and a rise in the number offenders being penalized."

"The Netherlands senate voted to open the gambling market to domestic and foreign gaming operators as early as 2021. Gambling firms will need to apply for a licence, and will be forced to pay gambling taxes at 29%, - one of the highest rates in Europe."

"Most of the major European gambling and online casino groups have now been fined by the Dutch watchdog - so many of them will need to wait for a cooling period before their application can be accepted." - source

There's bad news and good news here, the bad news is they fined these gambling sites, and they are forced to pay 29% taxes, the highest in Europe, the good news is they are giving these gambling sites license to operate makes them a legit company to operate now in the Netherlands.

it also shows that gambling is a money-making machine. this business alone is giving the government a huge chunk of money. and since they are giving legalisation on these gambling businesses then it is a win-win situation for both sides.
 and more on this aspect, it shows that players are willing to spend money on gambling. the reason why there are more and more casinos sprouting. theres really money in this business.

[Mahanton]

"The Dutch gambling authority (Kansspelautoriteit) fined companies offering online betting and casino / gambling games in the Netherlands a total of €3.5m in 2019, an increase of more than 50% the 2018 fine total.
.... the rise is due to both a rise in the maximum fine (to €200,000) and a rise in the number offenders being penalized."

"The Netherlands senate voted to open the gambling market to domestic and foreign gaming operators as early as 2021. Gambling firms will need to apply for a licence, and will be forced to pay gambling taxes at 29%, - one of the highest rates in Europe."

"Most of the major European gambling and online casino groups have now been fined by the Dutch watchdog - so many of them will need to wait for a cooling period before their application can be accepted." - source

There's bad news and good news here, the bad news is they fined these gambling sites, and they are forced to pay 29% taxes, the highest in Europe, the good news is they are giving these gambling sites license to operate makes them a legit company to operate now in the Netherlands.

it also shows that gambling is a money-making machine. this business alone is giving the government a huge chunk of money. and since they are giving legalisation on these gambling businesses then it is a win-win situation for both sides.
 and more on this aspect, it shows that players are willing to spend money on gambling. the reason why there are more and more casinos sprouting. theres really money in this business.

Taxation for any business is just a casual norm not an obligation for a certain country to impose but not totally to that kind of interest.

Same as mentioned or talked above that it is way too much for imposing business taxation.Yes, its benefit will really be applied out on the country itself.

Choosing or deciding on building one will be up to you.

[dothebeats]

Is online gambling in Netherlands is prohibit? they should open it by 2020 instead of 2021 as they can see how much money is flowing to the gambling operators.

It is really one of the biggest tax contributor while others still doesn't see the point of its existence. The article didnt mentioned if some of them are crypto related casinos.

Gambling is not totally illegal per se in Netherlands but there are some who practices and operates in the wrong way, hence having a legal battle against the governments themselves.

Though the gambling industry naturally rakes in money and on a generous and good sum, not all governments are open to it especially if they really are into the welfare of their citizens and not just for profits to help them get the bills going. The Netherlands is a fine example for that. Anyway, for as long as each establishment--be it a gambling houae or not--follows andnobeys the law as what's intended, there should be no problems nor conplications whatsoever. The Holland authorities only do their job after all.

[Heisenberg_Hunter]

Recently after reading a news today in a news portal, I got to know about this. Probably not a necrobump, but I would like this topic to have a good going discussion with various members discussing their thoughts about this.

I'm just not sure why the companies are still operating even though they are being fined a hefty amount.

They should be having a profit which might be higher than the fine charges actually. Most of the gamblers tend to lose a large sum of money and the casino site might have adequate money to run the site as well as pay for the charges actually.

Another interesting fact is that Holland Casino might play a game in the form of authoritative power. Holland casino being the official casino of Netherlands stands against the gambling addiction and there are facts that they don't allow the gamblers to lose higher than a certain extent. Either the casinos should have looted the gamblers additionally apart from the licensing practices.

So the trend in the future would still be fiat or people going to crypto gambling?

Eventhough cryptocurrencies are not really traceable and can be used without being detected, casinos should probably get a license. Casinos with license will always tend to attract reputation and players in a large scale. At the start of 2018, I was a part of ICO where the company would be using their own coin for the gambling platform and in order to gain the reputation the company bought the license in a particular country as soon as the ICO was over.

[adzino]

I don't know much about the existing laws in Netherlands. Is it legal in Netherlands to operate online casinos? If not, then I don't see anything wrong about penalizing them for doing something illegal. Operating without a license is also an offense in most countries and the casino operators do get into legal trouble if they get caught.
They probably are increasing those fines in order to prevent anyone from committing those crimes. At least their government is trying to make online gambling legal. So the operators should wait for it to happen. But yeah, the tax is absurd.

[crwth]

They should be having a profit which might be higher than the fine charges actually. Most of the gamblers tend to lose a large sum of money and the casino site might have adequate money to run the site as well as pay for the charges actually.

Well, it's like people who have been found guilty of illegal stuff and they could pay a fine and they will be out of it. When there's money, they could already utilize that and just continue on operating. I do think they have a lot of income to compensate for the fines that they have faced.

Another interesting fact is that Holland Casino might play a game in the form of authoritative power. Holland casino being the official casino of Netherlands stands against the gambling addiction and there are facts that they don't allow the gamblers to lose higher than a certain extent. Either the casinos should have looted the gamblers additionally apart from the licensing practices.

That's not bad, they value the person more than what they could give to the casino. I did a search about Holland Casino and found that they do their part in minimizing gambling addiction but people are practically abusing it by suing the casino. It's quite an old case but maybe some would be intrigued. The link is below.

https://www.dutchnews.nl/news/2014/08/gambling_addict_sues_holland_c/

[Heisenberg_Hunter]

Well, it's like people who have been found guilty of illegal stuff and they could pay a fine and they will be out of it. When there's money, they could already utilize that and just continue on operating. I do think they have a lot of income to compensate for the fines that they have faced.

This scenario is quite common for almost all the places where money plays a major role. Casinos plays a major role in influencing a gambler's life and they would indeed work with the government officials in the case of adverse problems faced by the gamblers. Casinos are programmed in such a way that they are fair, but the gaining and losing of money depends upon the gambler's interest on gambling. If they are willing to gamble as a form of entertainment, it is good to go and they would be quitting the game when they lose their control in losses and vice versa. If they have received major profits, they would continue their game of chances.

That's not bad, they value the person more than what they could give to the casino. I did a search about Holland Casino and found that they do their part in minimizing gambling addiction but people are practically abusing it by suing the casino. It's quite an old case but maybe some would be intrigued. The link is below.

If you have read the news completely you would have known about the case in detail. I stand by the side of both the casino as well as the gambler. Here the gambler has already lost millions of dollars but still the casino didn't prevent him from gambling. As a result of allowing him to play, he has lost the money again. Many of the gamblers are addicted towards their goal of using their money to gamble and if the losses are increased, the casino should prevent the gamblers from further losing the game which isn't the case with Holand Casino. They do tend to minimize the gambling addiction, but I am not sure why they didn't go with the same practice in the above news. 

[Ailmand]

I guess the Netherlands should consider this as a way of getting more taxes since the gambling industry is getting bigger. They should legalize gambling and start making appropriate laws and taxes since taxes on gambling will provide a huge amount basing on just the increase of numbers of casinos that they have fined over just a year.

[blckhawk]

These online casinos must not have any license, and with the prevalence of various platforms running in digital fiat and cryptocurrencies, made the numbers higher.

Though it seems good for the government to think about its people first before the profit that they could get on letting these casinos run. The quite large 29% tax would also regulate the number of operators that would be interested opening their business in the country.