Net Gaming adapts to be in a strong long-term position to capitalize on the Dutch Market
Last week the Dutch parliament had a final saying regarding the secondary legislation related to the Remote Gambling Act. The implementation of the Act will end the long overdue wait for a modern gaming legislation in the Netherlands. The new law is expected to enter into force in Q1 of 2021, which is also when license applications will be accepted for operators.
Net Gaming has chosen to take swift measures to be in the best position to capitalize on the Dutch market at the earliest possible time. The measures include adjustments to the product offering to be compliant on the Dutch market until the new law is entered into force.
The implementation of the Remote Gambling Act in the Netherlands is a step forward for the Dutch market and consumers, as well as a positive development towards locally regulated revenues for Net Gaming. Whilst we will have a short term negative impact on revenues in the Netherlands, the measures ensure a strong position, sustainable outlook for the Dutch business and are long-term investments. Above all, we are committed to work with the Dutch regulator and we are positive to take part of the regulated market in the Netherlands.
Additional information will be provided at the next financial update which is scheduled to take place in connection with this year’s Q2 report on 13 August 2020
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Gustav Vadenbring, CFO
+356 9967 6001
Certified Adviser: FNCA Sweden AB, firstname.lastname@example.org, +46 8 528 00 399
About Net Gaming (under name change to ACROUD)
Net Gaming owns, operates and develops high-quality comparison sites, mainly in iGaming affiliation, for the purpose of helping our partners by channelling high-quality users to the Company’s customers – primarily iGaming operators. Through the sites, Net Gaming generates high-quality users, primarily to global iGaming operators. The Company, which was founded in 2003, has just over 70 employees and is headquartered in Malta. The share (NETG) is listed on Nasdaq First North Growth Market Premier. Certified Adviser: FNCA Sweden AB, email@example.com, +46 8 528 00 399