The Netherlands Gaming Authority (Kansspelautoriteit) has granted a charity lottery license to new market entrant Lottovate Nederland B.V.
The Gaming Authority finally commenced the licensing procedure in the wake of a verdict of the District Court in Amsterdam, earlier this year, finding that the regulator had unjustly refused to consider Lottovate’s original 2014 application.
Lottovate’s license will be valid as of today, November 22, 2016, until December 31, 2016.
Starting in 2017, the Gaming Authority will introduce a wholly new and transparent licensing procedure that will be open to all applicants.
It is widely expected that all current lottery license holders – including Lottovate – will be granted temporary extensions until the new licensing system will have been fully implemented.
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NOS June 2016 Video Source: 'Meer geld voor goede doelen door nieuwe loterij' | NOS
Peter-Paul de Goeij, Managing Director at Lottovate Nederland commented:
“Additional lottery licenses are great news for charities and sports in the Netherlands, as these will benefit from the added lottery contributions that will be provided by the new licensees.
Consumers should be thrilled as well, since they will have a larger range of lottery options to choose from. As a company, Lottovate is looking forward to surprise Dutch lottery players with a new and innovative lottery; and to work with incumbent operators to increase funding for Dutch charities and sports.”
Commenting on the Gaming Authority’s decision, incumbent lottery operator Postcode Loterij warned that the current system, which only offers room to a strictly limited number of license holders, should be protected.
Please note: Lottovate’s Peter-Paul de Goeij will be a featured speaker at the EGR/Gaming in Holland Breakfast Briefing on December 1, in Amsterdam.
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