Online gambling operator, the Kindred group will no longer be pursuing its appeal against the fine imposed by the Dutch gambling regulator.
Earlier in the year, the Dutch gambling regulator Kansspelautoriteit (KSA) had fined the gambling operator for offering online gambling products to Dutch customers.
The KSA had slapped Trannel International with a fine of €470,000 ($524,590). Trannel International is a kindred subsidiary that has been offering online betting and gambling products to local dutch customers.
Trannel International was slapped with a fine after it was found to be violating the country’s gambling laws. The gambling regulator found that the operator was offering blackjack, roulette, poker, and sports betting to local customers through its website unibet.eu.
After receiving complaints the KSA had launched an investigation. Following the investigation, the gambling watchdog found that the gambling operator had offered betting products to customers between 11 August 2018 and 27 December 2018.
Overseas online gambling operators are not allowed to offer gambling products to local Dutch customers.
After Kindred was slapped with a fine, it said that it would launch an appeal. However, according to the latest from Gambling Insider, the online gambling operator has dropped its plan to challenge the KSA’s decision.
Speaking to Gambling Insider, Eric Konings, Public Affairs Manager for Kindred, said: “We have always been supportive of the Dutch Gaming Act and the policy objectives of consumer protection and fraud and addiction prevention.
“We, therefore, paid our fine and decided to drop the appeal as we look forward positively to the regulation of remote gaming in the Netherlands.
“The Minister has stated he is now looking at mid-2021 for the Remote Gaming Act going into effect in the Netherlands.
“We hope there will be no further delay as this does not serve consumer protection in any way.”