Dutch gambling regulator, Kansspelautoriteit has slapped a €350,000 Fine on Bwin for offering online gambling products to Dutch customers without securing necessary permissions.
The gambling regulator confirmed in a statement that it has fined ElectraWorks Limited which is a Gibraltar-based subsidiary of GVC Holdings that runs the bwin.com online gambling website.
The gambling regulator also said that they had launched an investigation upon complaints and it was found that Bwin was offering online gambling products and services to locals for a certain period of time.
While online and remote gambling market is yet to be launched in the the Netherlands, according to the current provisions no company is authorized to offer online gambling services without due permissions from the Kansspelautoriteit.
Earlier in June, the Dutch gambling authority, KSA, said that they are planning to have the new remote gambling regulations to come into effect from July 1, 2020.
Following the new gambling regulations in place, the gambling regulator has also indicated that they would be seeking application from gambling operators for a countrywide license and then the online gambling market would be open by the start of the coming year.
The gambling regulator has revealed that so far 183 parties are interested in a Dutch gambling license of which 89 are overseas companies, and 83 also hold a gambling license abroad.