Dutch Authorities Fine Betsson For Unauthorised Offerings

Published Wednesday, August 29, 2018 - Online-Casinos.com
Dutch Authorities Fine Betsson For Unauthorised Offerings

The online betting industry is subject to the laws of the land they are operating in and thus subject to fines and penalties should the rules be broken. The news that a Maltese registered gambling company Corona Ltd was fined €300,000 by the Dutch regulator for accepting players in the Netherlands without the approval of the relevant authorities is the just the tip of the regulation iceberg in many jurisdictions.

The subsidiary of the Betsson Group Corona is a legally registered Maltese operator and is the biggest gambling products provider owned by Swedish interests listed on Stockholm’s stock market. The two offending casinos Oranje and Kroon were fined by the Kansspelautoreit, the regulator for the Dutch jurisdiction for “offending activity” that took place between May and August of 2017.

According to Kansspelautoreit the domains of the company also violated the online gambling laws by suggesting that consumers utilise “the most popular online payment method in Holland.”  Authorities started a probe after receiving complaints regarding the web sites. Operators were negligent in barring access to their locations while consumers were alerted that access was prohibited.

The regulator also looked into activities of affiliated Betsson operations offering betting products in Holland’s jurisdiction but found no wrong doing associated with Holland’s gambling laws.

Authorities in Holland said the investigation was a possible response to, “the publicity that Betsson itself had sought following the tightening of enforcement regarding online games of chance without a licence as from the middle of last year.” Only last year the Betsson Group filed a grievance with the European Commission after plans by the authorities in Holland to impose higher fines for a larger number of violations of Dutch gambling regulations were revealed.

Betsson Group has also attempted to reverse the decision with other legal actions against Holland’s laws with no results.

 

 

 

Related news

Return to Latest News