Company could be fined €1.47 million per weekDutch Regulator Orders Gammix to Cease Unlicensed Activity
According to the order, if Gammix does not immediately stop its unlicensed activity through the specified websites, the company will be fined €1.47 million for each week that the websites remain live in the Netherlands. The fine can reach a maximum of €4.5 million.
As of October 1st 2021, all online gambling websites that operate in the Netherlands must be fully licensed by De Kansspelautoriteit. Any unlicensed websites that are found to be accepting Dutch customers are immediately issued with cease and desist orders and a threat of a potential fine based on the projected income from the illegal activity. Since the industry launched, several companies have been issued with orders as the regulator seeks to maintain what it describes as a ‘safe gambling environment’.
Dutch Regulator Orders Gammix to Cease Unlicensed Activity and sports sponsorships in an effort to limit the impact of intrusive ads on vulnerable people and minors.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.