The Netherlands' gambling regulator Kansspelautoriteit has announced that it has imposed a fine of €310,000 in fines to two online betting sites which are operating in the country but do not carry a Dutch license.
The fines were imposed on the companies that operate 7Red.nl and RoyaalCasino.nl, and was reportedly targeting Dutch customers through television advertising as well as social media. Furthermore, both firms reportedly offered a bonus focused toward Dutch punters. The cumulative action of the casinos led to Kansspelautoriteit launching an investigation which resulted in the fine.
The amount of fines imposed totals €310,000 in fines with €130,000 being doled out to Redcorp SA, €180,000 being dished out to Bluemay Enterprises NV.
Commenting on their decision to issue the fines Kansspelautoriteit said, “If trust companies provide services to companies that operate illegally, then the trust company is also in contravention of Dutch Law”.