Kindred on hold in Netherlands, in face of £144m annual revenue prediction

Kindred on hold in Netherlands, in face of £144m annual revenue prediction

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Posted by: AffPapa

Kindred Group is currently holding back operations in the newly opened Dutch market, until it formally gains an access, predicts to hit £144m during this year.

In relation to the official opening of the Dutch gambling market today – October 1, 2021, among a multitude of international operators, Kindred Group has also been set to start legally operating in the newly regulated Dutch market, which was made possible under the Remote Gambling Act (KOA).

Kindred Group has stated that it’s currently waiting to be formally granted a license by the Dutch Regulator – Kansspelautoriteit’s (KSA), before starting its operations with the Dutch customers, expected to be clarified in the next following days.

Kindred’s Chief Executive – Henrik Tjärnström, explained the situation:

“We wouldn’t have to temporarily block Dutch players, as an international operator, but that is a necessity for now.”

The gambling operator has completed all necessary certification bureaucracy, including waiting a ‘cooling-off’ period, in order to be fully attest to the national Dutch standards for casino operators.

Following the required cooling-off period, Kindred is planning to apply for a license in a month, until then the operator will be ceasing all operations in the Dutch jurisdiction.

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