While the Dutch online gambling market is witnessing a complete overhaul, the gambling regulator has slapped several gambling operators with financial penalties. However, several gambling operators which have been fined by the gambling regulator have not paid their fines.
In a recent announcement, the Dutch gambling regulator Kansspelautoriteit (KSA) has said that it will reveal the names of the gambling operators who refuse to pay imposed fines.
“Some of the providers take their responsibility for the penalty imposed by paying the fine. Some providers try to escape their punishment. If the provider refuses to pay, the KSA sees a strong indication that that provider is unreliable,” KSA said.
Recently, the Dutch gambling regulator slapped a fine on online gambling operator Leo Vegas for offering its betting products to native customers without having the necessary permissions to operate in the newly regulated Dutch gambling market.
The Netherlands’ gambling regulatory authority, the Kannspelautoriteit (KSA), on Thursday, slapped a fine of €350k and €400k on the Malta-based LeoVegas and its Royal Panda Ltd subsidiary, respectively. The companies were caught accepting wagers from Dutch customers between August 2018 and January 2019.
The Dutch gambling authority, KSA, has said that they are planning to have the new remote gambling regulations 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 applications from gambling operators for a countrywide license and then the online gambling market would be open by the start of the coming year.