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Is the Size of the Dutch Online Gaming Market Really €500m?
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A new survey, conducted by polling firm Motivaction on behalf of state-owned brick-and-mortar casino operator Holland Casino, suggests that the (currently unregulated) Dutch online gaming market could be significantly larger than previously estimated.
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According to the survey, as many as 1.5m Dutch adults gamble online, spending an average of €26 per month for a total annual spend of around €500m.
Spokesperson Michael Verheul of Holland Casino added that Motivaction’s survey might even significantly undervalue the online Dutch market:
“5.6 million Danes spent €338m during the first three quarters of 2015. The Netherlands has three times as many inhabitants. That adds up to a billion euros.”
However, Speel Verantwoord, the Dutch trade organization of online operators, basing itself on the audited yearly results of several operators, values the Dutch online market considerably lower: between €218 and €245 in 2014.
Rutger-Jan Hebben, director of Speel Verantwoord, also points out that comparing populations to estimate market size is questionable at best:
“Using Spain instead of Denmark as a point of departure, the size of Dutch online market would only be €70m, a third a Spain’s €215m. Moreover, based on the Danish benchmark, the Spanish market would be worth €2 billion annually, instead of the actual €215m.”
Asked to comment, Simon Holliday of market research firm H2 Gambling Capital questioned the findings of the Holland Casino-sponsored survey:
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“H2 have concluded that the total Dutch player (onshore and off combined) interactive gambling market would commence at c€281m in 2017 and then grow at a CAGR of 12.4% to c€450m by 2021.”
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The wildly differing estimates of the current size of the Dutch online gaming market are closely tied to the debate about the appropriate tax rate for online operators. Holland Casino explicitly desires a uniform tax rate for both online and offline operators, which would mean that the proposed rate of 20% for online operators would have to be raised. Online operators looking to legally enter the regulated Dutch market are thus being accused of deliberately underestimating the size of the Dutch online market in order to justify their lower tax rate.
It should be noted, however, that this accusation cuts both ways. As a higher tax rate on remote gaming would prevent foreign operators from entering the Dutch online market, soon-to-be privatized Holland Casino has a clear commercial interest in having this rate raised in order to limit its future competition – and thus in estimating the size of of the Dutch online market as too large.
Illustratively, VAN, the Dutch association of land-based slot machine operators, another party which would benefit from a small number of foreign entrants into the Dutch online market, immediately said that Motivation’s estimate of the Dutch online market means that there is “enough room for a uniform gaming tax rate,” i.e., a rate on online operators that is higher than 20%.
Since the full survey by Motivaction has not been released, the reliability of its findings in relation to other studies remains – for now – unclear.
Jack’s Casino Wins Best Casino Award
Jack’s Casino Nijmegen Dukenburg, also known as “Dutch Bellagio,” has been voted the best casino of the Netherlands, narrowly beating Fair Play Casino Heerlen and Gran Casino Tiel.
The competition was organized in order “to draw attention to the positive side of the entertainment industry,” according to the contest’s initiator Armijn Meijer.
Check out the complete results of the contest here!
European Gaming Regulators Sign Agreement
The gaming regulators of the European Economic Area, including the Dutch Kansspelautoriteit, have signed a cross-border cooperation agreement allowing for the structural exchange of information and best practices while reducing unnecessary administrative burdens. The agreement is part of the ongoing implementation of the Commission action plan Towards a comprehensive European framework for online gambling of 2012.
The European Gaming and Betting Association (EGBA) has welcomed the agreement as a solid step towards building confidence and trust.
Other News
Renowned law firm Kalff Katz & Franssen is looking to expand its Gaming Practice. Check out their vacancy notices!
The UK gambling market, including the online segment, has experienced widespread growth in 2014 and 2015.
The introduction of online slots has boosted the Spanish market, while the Danish market continues to see strong growth as well.
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Janshen-Hahnraths Group, bekend van gokhalketen Fair Play, heeft geen zin om te wachten op de nieuwe kansspelwet. Deze zomer lanceert het bedrijf een online casino met een vergunning op Malta.
Dat werd vandaag bekendgemaakt door het Spaanse softwarebedrijf Mediatech Solutions, dat het nieuwe online casino ontwikkelt.
De naam van de nieuwe casinosite: Fairplay Online. Het nieuwe casino krijgt een ‘breed aanbod aan innovatieve gokspellen voor echt geld’, waaronder in elk geval slots van Microgaming.
Mediatech bouwde al eerder een site met gratis casinospellen voor Jahnshen-Hahnraths onder de naam Fairplay Spelletjes.
Mediatech-oprichter Jessica Ordovas voorziet een glorieuze toekomst voor Fairplay Online: ‘Fair Play heeft een zeer lange historie met land-basedgokken en kan dit succes herhalen door met onze producten en diensten een aanbod van wereldklasse te creëren.’
Carel Meijer, eindverantwoordelijk voor Fairplay Online: ‘We zijn enthousiast over deze nieuwe fase in de geschiedenis van Janshen-Hahnraths Group: we brengen ons gerespecteerde merk naar de groeimarkt van online gokken.’
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Fair Play is de eerste Nederlandse gokhalketen die een online casino lanceert met een vergunning op Malta.
Read the complete article HERE