⭐Best Online Casinos For 2019⭐
⭐Best Online Casinos For 2019⭐
Bitcoin Casino
Visit Bitcoin Casino
Roaring21 Casino
Visit Roaring21 Casino
CasinoMax Casino
Visit CasinoMax Casino
Cherry Jackpot Casino
Visit Cherry Jackpot Casino
Heavy Penalties Announced By Netherlands KSA
Heavy Penalties Announced By Netherlands KSA

Heavy Penalties Announced By Netherlands KSA

Terrifying new financial penalties will be faced by online gambling operators who serve Dutch customers without Dutch permission. This came in as gaming regulators now prep for the country’s new online market.

The Netherlands’ Kansspelautoriteit (KSA) announced that there will be an increase in the starting financial penalty for unauthorized online gambling. Currently it is €150k and will go up to €200k. This will be effective on Friday, March 1.

The new €200k starting point will be increased or decreased depending on how operators choose to go against rules, says Kansspelautoriteit. The number of websites that are breaking the law,illegal online games being offered and the promotional enticements being used are factors that have affected this variance.

An increase of €75k has been established by the KSA as penalty for various factors including but not limited to, offering live betting and imposing fees on temporarily inactive customers.

The total penalty may be increased on percentage terms which would include a 25% hike after ignoring a previous warning, 50% rise for targeting problem gamblers and minors and 100% increase for operators who had previously been taken to the KSA’s for correction. The reverse can also happen, where fines can be reduced by 25% for cooperating with KSA.

After the Remote Gambling Bill was passed last week the Dutch government started issuing local licenses to online gambling operators. KSA noted that despite the market liberalization, the current illegality of online gambling continues. Rules will be enforced on the books until there is a change in the situation.

A penalty of €400k was given by the KSA to the operators of 1xBet for the normal offenses. Such as: not geo-blocking Dutch customers, offering Dutch-language option and processing payments by making use of iDeal service.

About the author

Cameri Ross

Cameri Ross

Cameri is an independent and self employed person, she has expertise in digital marketing and content creation for websites and blogs. Her passion is dancing and singing, especially classical singing.

She can be reached out at: [email protected]

Add Comment

Click here to post a comment