The Netherlands’ gaming regulator, known as the KSA, has levied a penalty of €350,000 (roughly $391,532) against ElectraWorks Limited. The firm was sanctioned for providing internet gambling services to Dutch citizens via its platform, Bwin.com.
ElectraWorks, headquartered in Gibraltar, was discovered to be running online sports wagering, roulette, blackjack, and poker games. These offerings were primarily directed at the Dutch populace, even though internet gambling is currently banned in the Netherlands.
Further strengthening the regulatory body’s position, the enterprise was processing payments in Dutch currency. ElectraWorks manages the Bwin brand, which falls under the purview of GVC Holdings.
Supplementary proof encompassed the utilization of Dutch language material on the site and a “.nl” web address extension.
Although internet gambling remains unlawful in the Netherlands for the time being, the Remote Gambling Act could possibly authorize it by January 1, 2021. Nevertheless, providers will need to fulfill rigorous requirements to secure a license.
The Dutch Senate ratified the Remote Gambling Act in February, and requests for licenses to operate within the Dutch online market are anticipated to be accessible starting July 1, 2020.
The KSA recently encouraged operators to convey their interest in penetrating the market and submit applications for licenses. It’s projected that approximately 90 online gambling licenses will be granted, a number ascertained based on expressions of interest and observations from other nations.
