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Dutch Gambling Regulator Penalizes LeoVegas Royal Panda

Amsterdam

The Netherlands Gambling Regulator has imposed a 750k penalty on online operator LeoVegas after they were found to be accepting bets from Dutch customers without permission. On Thursday, the Netherlands Kannspelautoriteit (KSA) imposed two fines of 350k and 400k on the Malta-based LeoVegas and its Royal Panda Ltd subsidiary over their dealings with Dutch customers between August 2018 and January 2019.

The KSA’s evidence against both gambling brands are the same as those imposed on other transgressors which include accepting customers from Dutch Ip addresses and processing transactions using Dutch payment processor iDeal.

LeoVegas which bought Royal Panda in late 2017 faces a delayed entry into the Dutch regulated market which will launch by January 2021. The government stated that operators who served the Dutch market without being warned are required to complete a two-year cooling off period before they will be eligible to get a Dutch licence.

Source: https://calvinayre.com/2019/10/10/business/leovegas-e750k-dutch-online-gambling-penalty/

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About the author

Eshlin Vedan

Eshlin Vedan

Eshlin Vedan is a professional Journalist from South Africa. He loves writing about Sports especially cricket and football/soccer. Eshlin is a neutral when it comes to club football. He is especially fond of the English Premiership and his favourite part of the season is the relegation battle.

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