888 (LSE: 888), one of the world’s leading online betting and gaming companies, is today updating on the pathway to obtaining a licence in the Netherlands.
The Group has been operating in the Netherlands in compliance with the Netherlands Gaming Authority (KSA) ‘cooling off’ criteria. However, following recent policy changes published by the KSA, 888 has decided to cease provision of services in the country with immediate effect. The Netherlands still represents an attractive medium-term opportunity for the Group, and it intends to apply for a local licence in the coming months, in line with the Group’s key strategic priority to grow in regulated markets.
In recent periods, the Netherlands has accounted for approximately 3% of the Group’s total revenues and the impact on 888’s 2021 results from this change is not expected to be significant. Further details will be provided in the Group’s Q3 trading update in October.