NEW VPS PLANS

Experience Ultra-high Performance of NVMe Storage on New UK VPS Plans.

Deploy Instantly
  • +357 2425 0808
  • Login
  • English

Home

Blog

Dutch regulator increases fines for ille...

Dutch regulator increases fines for illegal online gambling

Dutch regulator increases fines for illegal online gambling

NetShop ISP

NetShop ISP · Blog Author

Mar 01, 2019 · Archive

Dutch gambling regulator Kansspelautoriteit (KSA) has moved to increase its fines for unlicensed online gambling activities in the country, after saying the previous penalties were not “terrifying” enough.

Operators that breach national regulations could now face a starting fine of €200,000 (£171,200/$227,600), up from the previous penalty of €150,000.

KSA said this amount will be increased or decreased depending on the specific violation, taking into account factors such as the number of sites that are being run by the operator, the amount of games offered, as well as the level of prizes and bonuses available to consumers.

In addition, KSA has set out increases of at least €75,000 for three breaches in particular: offering live betting, calculating costs for temporary inactive players and making misleading statements about permits and supervision.

The regulator said that it has been forced into making the changes due to regular rule breaches by gambling operators.

KSA chairman, René Jansen, said the increase in financial penalties will support the long-awaited regulation of online gambling in the country. Last month, the Dutch Senate passed the Remote Gaming Act, paving the way for the roll-out of igaming regulation.

“The fines we used were not terrifying enough,” Jansen said. “The Senate recently adopted the bill on remote games of chance, which makes it possible to apply for a licence in time for offering gambling via the internet.

“The intention of the law is to create an attractive legal online gaming offer, which makes it possible for consumers to play safely on a fair market.

“There is no room for illegal providers. That is why we intend to thoroughly review our penalties policy for the future. The updating of the fines policy is now only a first step.”

The Netherlands is expected to begin awarding online gaming licences from the middle of 2020, with operators required to develop comprehensive responsible gaming strategies to offer a high level of player protection. Licensees face a tax rate of 29.1% of gross revenue.

It is hoped regulation could help tackle illegal gambling problems in the country. In January, a report commissioned by Holland Casino suggested that the number of people gambling online illegally in the Netherlands had increased by 20% over the last two years.

In addition, KSA said it issued a record €1.7m in fines to operators that breached current regulations over the course of 2018. The regulator handed out a total of 23 sanctions over the course of the last year, including seven administrative penalties, 12 penalties and four charges under administrative coercion.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

How To Create OpenVPN User in pfSense

How To Create OpenVPN User in pfSense

27 June, 2024

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

14 June, 2024

How To Extend Root Partition using Home Partition space in CentOS

How To Extend Root Partition using Home Partition space in CentOS

30 May, 2024

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer