Betsson Subsidiary to Appeal €300,000 Fine from Dutch Gambling Regulator
Corona Ltd., a subsidiary of Malta-based online gambling operator Betsson, exposed a few days ago that it has in fact opted to appeal the fine it has received by the Dutch gambling regulator, Kansspelautoriteit, for serving Dutch gaming customers.
Corona runs the Oranje Casino and Kroon Casino gaming websites that especially target Dutch players. Betsson got business back in 2014 for EUR100 million. Last month, Corona exposed that it has in fact been slapped a EUR300,000 fine by the Dutch Gaming Authority for serving local players without being accredited to do so.
The gaming company specified that it was considering the possibility to appeal the fine and confirmed recently that it would do that. In a press release on Betsson's primary website, the operator filled out about it's next actions. It pointed out that its operations are accredited with appropriate laws and standards for the plan of services in the absence of an EU-compliant regulative structure in the Netherlands.
It went on to state that if its appeal with the regulator is not effective, it would refer the matter to a court to “secure its rights”. In accordance with a few days ago's press release, the fine will “not wind up being permanent”, pending the appeal treatments.
It wound up being comprehended last month that many Betsson-owned online gaming operations had, too, gone through evaluation by the Netherlands Gaming Authority, nevertheless had in fact not been found to have really broken existing standards in the country.
Concerns over Future License
The Netherlands is currently going through an incredibly slow treatment of re-regulation of its gambling market. The conclusion of this treatment is prepared for to cause international gambling companies being allowed to run in the country with licenses from Kansspelautoriteit. Nonetheless, local lawmakers are yet to license the needed legislation that would re-regulate the Dutch gambling market.
A piece of legislation managing that matter, the so-called Remote Gambling Bill, was licensed in the Lower House of the Dutch Parliament in the summertime season of 2016, nevertheless the Senate is yet to vote on that piece. Nonetheless, there have really been no signs that lawmakers would begin discussions on the re-regulation of the local market after the Parliament reconvened after the summertime season recess.
Betsson has really long been knocking significantly the Netherlands' slow advancement to re-regulation and liberalization of its gambling market. In 2015, the considerable online gambling operator promoted disruption from EU regulators as the Dutch Gaming Authority exposed that it would increase its penalizing actions.
Betsson and its subsidiary Corona have in fact not been the only foreign gambling entities to have really gotten a heavy fine from Kansspelautoriteit. Formerly in 2018, Germany's bet-at-home was slapped a EUR400,000 fine by the regulator after drawing its ire for targeting Dutch players.Read more: casinonewsdaily.com