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KSA Imposes a Fine of €675,000 on NetX Betting Limited

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The Netherlands Gambling Authority (KSA) has imposed a fine of €675,000 on NetX Betting Limited for offering online gambling without the necessary permit. This is prohibited. NetX had previously been given a penalty payment order for the illegal offer.

NetX offered illegal online gambling on pferdewetten.de and betbird.com, in which Dutch players could also participate. No measures were taken to keep players from the Netherlands out. For this violation, the KSA now imposes a fine of €675,000, consisting of the basic fine of €600,000 with an aggravating circumstance.

Michel Groothuizen, chairman of the board of the KSA, said: “Dutch players need to be protected: that is why we are cracking down hard on illegal offers. We see that illegal providers often pay little attention to the player and do not adhere to a duty of care. Here, for example, we saw the practice that players who are inactive for a long time after creating an account are given a ‘fine’ by the provider. If they do not play for a certain period of time, an amount of €5 per month is charged. A player is then punished if he does not participate in the (illegal) games of chance offered. That of course goes beyond all bounds.”

The post KSA Imposes a Fine of €675,000 on NetX Betting Limited appeared first on European Gaming Industry News.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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