Dutch Gaming Authority Grants LeoVegas Five-Year License
LISTEN TO THIS ARTICLE:Online gambling operator LeoVegas Group has been awarded a five-year gaming license by the Kansspelautoriteit (KSA) in the Netherlands.
The gaming license, which covers different gambling verticals, including casino, live casino, and sports betting, allows Stockholm-headquartered LeoVegas' 21 Heads Up Limited to offer its gambling services in the country.
Following its license approval, LeoVegas has announced plans to go live in the Dutch market within the second half of 2023.
The Netherlands betting market is not new to LeoVegas. It was actively operating in the jurisdiction before withdrawing in September 2021 due to changes in gaming regulation.
LeoVegas Group has been granted a gaming license in the rapidly growing Dutch market! We are thrilled to look to the future and fully focus on resuming our Dutch journey: the Netherlands has great potential, and we look forward to it becoming an important market in our global growth journey.
What Does This Mean for LeoVegas?
By gaining approval in the Netherlands, LeoVegas Group has further solidified its presence in the European gaming market. The company has a hub in Malta, headquarters in Stockholm, and employs over 1,200 professionals across Europe.
Since it was relaunched in October 2021, the Dutch iGaming market has been one of the most lucrative in Europe. Although it initially went live with 10 approved businesses, with LeoVegas' approval, the number of betting and gaming licenses approved has now jumped to 25.
In its fourth monitoring report, the KSA revealed that the market yielded a net gaming revenue of €90m for January and will continue to grow at a pace of 13% to 15% per year.
With the market's potential for expansion and profitability, it will continue to appear promising to operators and investors.
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