In this report, we will be taking a look at the current news that Bwin have been fined by Kansspelautoriteit (KSA). The gambling firm will be forced to pay €350,000 ($391,532) for offering online gambling via the website Bwin.com. The fine goes to ElectraWorks Limited, who were offering the webpage to customers. Let’s take a look at the story as a whole.
If you take a look at the latest online gambling news, you’ll find that the Dutch gambling regulatory body, as well as others such as the Swedish Spelinspektionen and the UK Gambling Commission, do not take lightly on those who oppose the rules and regulations within the country. Feel free to head on over there now to find similar stories such as this one.
KSA Punish Bwin
The gambling firm, who are based in Gibraltar, were found to be providing online sports betting, roulette, blackjack and poker, with a focus on the Dutch market. Currently, the Dutch gambling market does not offer any online gambling as it is illegal.
What made KSA sure about giving the fine was that there was a specific Dutch payment method. ElectraWorks runs the operational activities of GVC Holdings-owned Bwin.
Another point of evidence concludes that there is a clear use of the Dutch language, as well as the .nl website extension.
The Remote Gamblign Act will probably make online gambling legal from the first of January 2021. This will most probably happen after operators become fluent in the strict regulations which the KSA has in plans for granting licenses.
However, until then, online gambling in the Netherlands is strictly illegal.
Having already passed the Remote Gambling Bill by the Senate in February, applications for licenses to operate in the Dutch online market could be made available on the 1st of July 2020.
The KSA recently invited operators to state their intent to enter the market and apply for licenses.
It anticipates roughly 90 licenses will be issued for online gambling. This, the KSA said, is based on interest registration and experiences abroad.
One might assume that the Dutch online market will become similar to the Swedish online gambling market. Will Bwin be a part of the online experience? Let us know your thoughts in the comment section below.