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Entain Exits Dutch Betting Market
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Entain plc, the global sports-betting, gaming and interactive entertainment group, has decided to exit the Dutch betting market.
Since July 2019, Entain has been operating in compliance with the Netherlands Gambling Authority (NGA) “cooling off” criteria. In accordance with the NGA’s policy changes announced last week, Entain will cease its offering for players in the Netherlands on 1 October 2021. This will impact EBITDA by around £5m per month. Entain will submit its Dutch licence application later this year and the Group aims to be granted a licence during the first half of 2022, in line with the Group’s objective of only operating in domestically regulated markets.
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