Dutch regulator Kansspelautoriteit (KSA) has fined Curaçao-based operator Raging Rhino €440,000 for illegally offering online gambling in the Netherlands before new regulation becomes effective.
Dutch gamers were able to access and deposit money onto Raging Rhino’s gambling website LuckyDays.com. The website was written with users from the Netherlands in mind, offering customers the option of using the Dutch payment processing solution iDeal, along with help services in Dutch.
224,630 transactions which amounted to revenues surpassing €18 million were processed through iDeal between 1st May and 31st July 2020.
Since issuing the fines, LuckyDays.com has been blocked in the Netherlands and the fine has been paid by Raging Rhino.
This is the second action KSA has taken today, with homes being raided in Velsen, a city in the north of the Netherlands and in Spain as part of an investigation into illegal gambling.
As reported previously by iGC, the Netherlands will open for business in October as new legislation allows online gambling in the Netherlands for the first time.
The Netherlands is set to become one of the largest online gambling markets in Europe.
Featured Image: kansspelautoriteit.nl
ADVERTISEMENT
Continue Reading
Continue Reading
Another operator exits the US market: Betsson to withdraw Betsafe sportsbook from Colorado
The US market has proven to be more challenging than many operators predicted
Fines
Malta Gaming Authority issues new guidance for exhibitors of gaming devices
The directive applies to any event where gaming devices are showcased, including gaming-related exhibitions and networking events that involve the operation of exempt games
Fines
Expert reveals how excessive gaming could raise your child’s blood pressure
Recent data highlights the growing need for parental vigilance in this area
Fines
US investment bank Goldman Sachs cuts stake in Malta-headquartered Kindred Group
The iGaming firm recently had to exit the North American market