KSA - Page icon

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

Continue Reading

Malta Gaming Authority revokes Tipbet Limited’s licence

23 May 2024
by Helena Grech

Tipbet Limited is an online gaming company that provides a range of sports betting and casino gaming services

Eaton Gate Gaming appoints Garry McGibbon as director of acquisition

22 May 2024
by iGamingCapital.mt

As Director of Acquisition, McGibbon will lead the marketing services company based in Gibraltar, Spryme Limited

‘Cybersift strikes a fine balance between security and user experience’ – CEO Brian Zarb Adami

21 May 2024
by Ramona Depares

Brian believes that the best security measures are invisible and don’t interfere with the user flow

AceOdds acquired by Better Collective

20 May 2024
by iGamingCapital.mt

Established in 2008, AceOdds was founded with the aim of providing UK sports enthusiasts with an easy-to-use betting calculator

See more