Kindred’s Trannel Risking a Daily Coercive Fine for Illegal Gambling Services
The Norwegian Gambling Regulator fired a warning to Kindred that operates Unibet. This was after the top gambling company continues to offer illegal gambling in the country. The illegal act is now drawing a fine of about NOK1.2 million per day.
Trannel Faced With Hefty Fines for Offering Illegal Gambling
Trannel International Limited operated by Kindred Group received a warning from the National Lotteries Authority. The warning stated the company will face a daily NOK1.2 million fine should it continue to provide illegal gaming in the country. The regulator further explained the daily fines will continue compounding until they hit NOK437 million. This is also Trannel’s gross annual profit.
The gambling watchdog also stated the fines will start applying once two weeks elapse after making the decision. They will then continue until the company heeds to the request to stop offering illegal gambling or once the fine reaches the maximum stated amount.
The ball is now in Trannel’s court following the warning. And it could benefit from a waiver should it present a written statement including a proposal plus a plan of how it intends to adhere to the warning.
Court Battles Between the Two Entities Continue
The country’s gambling regulator doesn’t come as a surprise. There’s been a tiff between the two entities that goes back to April 2019. The regulator ordered Trannel to halt its operations in Norway since it didn’t have a valid permit. But Trannel appealed this decision to the Lottery Board as well as the Ministry of Culture. It lost both appeals.
Fast forward to March 12, 2020, and the date was decided. This was also the date when Trannel was supposed to comply with the regulator’s decision. A statement from the Norwegian Lotteries Authority said it asked the company on multiple occasions to provide an update on how they intended to adhere to the warning. But Trannel failed to provide any update.
The legal battle would continue with Trannel asking the Oslo District Court to rule on the validity of the regulator’s decision. Keep in mind, this was while waiting for the decision from the two appellate bodies. The District Coury in Oslo is now expected to hear the case in May.
The Authority’s director said Trannel continues to operate illegally in the country. Atle Hamar further emphasized the company collected at least NOK437 million every year as a result of this activity. This is what informed the regulator’s decision to fine the company. It stated this was in line with its duty to protect Norwegians from illegal gambling.
Hamar also stated the warning fired to the company comes when the regulator is now considering imposing coercive fines. This is if Trannel fails to stop offering gambling services without a valid permit.
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