web analytics
News

Onisac Ltd Fined 450,000 For Violating Gambling Laws And Extracting High Administration Fess From Inactive Players

Onisac Ltd Fined 450,000 For Violating Gambling Laws And Extracting High Administration Fess From Inactive Players
Onisac Ltd Fined 450,000 For Violating Gambling Laws And Extracting High Administration Fess From Inactive Players

Dutch Gambling regulator KSA has slapped a fine of 450,000 euros on Onisac Limited. Onisac is a Gibraltar-based company that owns and operates the “casino.com” brand.

The fine comes in as the gambling operator was found offering game of chance including online casino to native players. Recently the KSA has been very strict with operators offering any form of games of chance to Dutch residents online.

Earlier this month the Dutch regulator had also imposed a massive 310,000 euros fine on Maltese gambling operator Casumo. The company had chat support in Dutch for native and local players, and that’s how it was caught by the gambling authority offering online casino games to local players.

In March the KSA had announced an increase in the starting financial penalty for unauthorized online gambling. Following the announcement the minimum penalty for unauthorized gambling went up to 200,000 euros from 150,000 and has been effective since March 1.

The hefty fine of 450,000 euros is for multiple violations. While EUR 200,000 was slapped for offering game of chance and online casino, in particular, the rest of the fine was for levying unreasonable administration costs from players.

Though a substantial penalty, it is not the first time the country’s gambling regulator has fined the gambling operator. Onisac was fined by KSA bask in 2013 as well.

KSA Chairman, René Jansen, said ‘This is a repeat offender. That makes the violation extra harmful and is a reason to double the fine. “

Onisac charged 5 percent administration fee every month to players who were inactive for 180 days. The minimum administrative charge was $15 and a maximum $500. if they were

Please wait...
Bitcoin Casino

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

Add Comment

Click here to post a comment

Official Partners

Bitcoin Casino

Sloto Cash Casino