Casino News

LeoVegas Group acquires a gaming license for the Netherlands

LeoVegas Group has successfully managed to acquire for itself a gaming license for carrying out its operations in the Netherlands. However, as per their plans, they will begin their activities not before the second half of 2023. The license will remain valid for a period of five years and will cover verticals such as casino games, live casino, and sports betting. This will be their first venture into Dutch territory. 

The gambling license was granted by the Dutch regulatory authority KSA (Kansspelautoriteit) in the name of LeoVegas Group’s affiliate, 21 Heads Up Limited. It covers areas like online casino, gambling, betting, and sports betting. This is in tune with the company’s aspirations to enter the Dutch domain and slowly spread out its operations over more territory. For them, it is an extremely lucrative market for the gaming industry. 

According to the CEO of LeoVegas Group, Gustaf Hagman, the situation seems to be moving in their favor and running as per their plans. Till now, they have only viewed the Dutch market from afar and absorbed the sheer potential. Now will be the time for them to be a player instead of just a spectator. 

As per the latest casino news, the Netherlands has witnessed a great many modifications carried out on the initial gaming regulations, and LeoVegas Group is all prepared to comply with all of the rules set down. It was the annual gaming conference, wherein the Chairman of the KSA, Rene Jansen, had pointed towards the rectified regulations. He spoke about the significance of data vault systems (CDBs), which speaks about the regulatory aspects pertaining to anti-money laundering, something he feels the licensed operators need to look closely into. He also brought up issues related to gambling promotional activities and where there is a requirement to draw the line. 

In recent times, LeoVegas took the initiative of spreading its wings in countries such as Sweden, Denmark, and Germany. The company managed to acquire three fresh software licenses in Sweden, paving the way for capitalizing on its B2B venture. It was in May 2023 when LeoVegas declared the re-launching of the Expekt brand in Denmark. With the re-launch of nye expekt, it became clear that the company was here to stay. In March, the company got the endorsement from GGL to deliver their LVSports Limited brand in Germany, providing them the option of advancing virtual slots through sixteen states in Germany.  

Edna Boykin

Edna Boykin started her career as a financial news writer. And, she was withal active in stock trading. From the commencement of her vocation, she is passionate about online poker games. As she likes to play poker and roulette, she knows the casino industry exhaustively. She recently joined Times of Casino as a news writer. She regularly contributes in-depth breaking stories and news updates of the casino industry.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button