Netherlands betting regulators have levied a €600,000 fine on an online gambling website licensed in Curacao for serving Dutch customers without the necessary local permission.
This Friday, the KSA (Kansspelautoriteit) betting regulatory body disclosed a €500,000 fine on Virtual Coin Gaming NV, which is a firm based in Curacao as they are in charge of the nl.futgamer.com and Futgalaxy.nl betting websites. An unidentified person linked with the websites was penalized an extra €100,000.
The websites provided betting games linked to video games from EA Sports’ FIFA. This are illegal under Dutch laws approved 2 years ago. The websites also offered betting on eSports events and real-world sports via the FUT Coin digital currency.
The KSA disclosed that the fine was higher than the regular 6 figure for various reasons. This includes the fact that the watchdog is unwavering when they found minors, or young adults, were part of the customers of the website.
Other violations apart from the standard list of KSA objections, include providing language services in Dutch, handling payments through the renowned Dutch iDEAL processor and obtaining a .nl domain.
As the year’s progress, the KSA has issued various six-figure fines against operators licensed in Curacao. Even though they collected these sums, it seems to be a far stronger slog. What is left is whether the latest agreement with the Netherlands concerning operators licensed in Curacao that aims for Dutch customers might mean implementing these kinds of regulatory fines.
The Netherlands RGA Act (Remote Gambling) which has been delayed for too long is planned to take off on the 1st of March, with online operators licensed in the Netherlands is expected to take off on the 1st of September.
On the other hand, the Gaming In Holland blog disclosed shortly before the festivities in December that the entry of RGA into force will be hindered by a month for undisclosed reasons, which would delay the online unveiling to as far back as the 1st of October. The Dutch government has not commented on this report as at press time.