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Leo Vegas Fined €750k For Violating Dutch Gambling Laws
Leo Vegas Fined €750k For Violating Dutch Gambling Laws
Europe

Leo Vegas Fined €750k For Violating Dutch Gambling Laws

Online gambling operator Leo Vegas has been penalized by the Dutch gambling regulator 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 KSA in its finding said that the online gambling operators were accepting wagers from Dutch IP addresses and were also processing transactions using the popular Dutch payment processor iDEAL.

Earlier this week, an administrative Court in Linköping, Sweden, ruled against Swedish Gambling Authority’s (SGA) decision to restrict Leo Vegas’ Swedish license to two years.

The Swedish Gambling Authority (SGA) had limited the company’s license to two years. The operator was sanctioned for violating gambling regulations in overseas jurisdictions.

Last year, the UK Gambling Commission had slapped a £600,000 ($732,400) fine on Leo Vegas after the gambling regulator found “failings related to misleading advertising and the handling of customers at the end of their self-exclusion period.”

In its defense, the gambling operator argued that the fine by the UK Gambling Commission was due to a “computer software error” that was “rectified as soon as it came to the company’s knowledge.”

However, the Swedish Gambling Authority has said that they would challenge the administrative court’s decision. As such, the fine imposed by the Dutch gambling authority may go against the gambling operator in Sweden where it would have to defend its license.

About the author

Utsav Kumar

Utsav Kumar

With a masters in literature and passionate about evolving technologies, Utsav has been covering the latest from the world of Blockchain, Artificial Intelligence, and AR for several online and print publications. He strongly believes that these evolving technologies have immense potentials to redefine existing online gambling infrastructures and can dramatically improve standards of customer protection. Utsav covers mostly compliance updates and other latest technical developments that impact the global casino and gambling industry. He can be reached out at [email protected]

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