Dutch regulator sets €400k penalty

The regulator has revealed that the fines totalled €400k. Credits: The Fiscal Times

The authority has imposed the penalty on two companies that offered their services in the country.

Netherlands.- The Dutch Gaming Authority (Kansspelautoriteit -KSA-) has revealed that two fines totalling €400k have been imposed on 1xbet.com and xbet-1.com. One of the companies, Exinvest, is based in Cyprus, while the other – 1X Corp – is based in Curaçao.

KSA showed that both gambling sites could be accessed at some point from within the Netherlands, and they both offered Dutch language options and payments made through Dutch method iDeal. Further investigation revealed that the companies were behind another 83 Dutch gambling sites, which could be accessed with the same player account.

René Jansen, Chairman of the board of directors of the gambling authority, said: “Online gambling in the Netherlands is illegal. Under the current legal regime for companies, it is not possible to get a licence for offering online games of chance. Consumers are not assured of a safe game on an honest market with illegal providers.”

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