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The KSA Fines Raging Rhino €440K For Illegal Gambling Services in the Netherlands
The Dutch gambling regulator has fined Raging Rhino after it found the operator to have offered illegal gambling in the country. The de Kansspelautoriteit (KSA) fined Raging Rhino €440,000 for these infractions.
LuckyDays.com By Raging Rhino Guilty of Offering Gambling in the Netherlands
Raging Rhino, the company behind the LuckyDays.com gambling site, was fined €440,000. This was after the de Kansspelautoriteit (KSA) found it guilty of offering gambling services to Dutch customers. Furthermore, the operator offered customers problem gambling support in Dutch.
That’s not all! The Dutch gambling regulator’s investigations revealed that the operator allowed its customers to transact using iDEAL. This is a payment processing service only available in the Netherlands. These transactions totaled 224,630, with the overall amount transacted going beyond €18m. The transactions processed by iDEAL occurred around May 1 and July 31, 2020.
Raging Rhino has since paid the fine imposed by the regulator and its website is now blocked in the Netherlands. Kansspelautoriteit maintains that online gambling is still illegal until the regulated online gambling market goes live on October 1, 2021.
Kansspelautoriteit on the Heels of Illegal Gambling Operators
Shutting down Raging Rhino comes at the back of a series of raids carried out by the Dutch gambling regulator. The regulator conducted the raids in Spain and Velsen targeting two Curacao companies. Offering illegal online gambling services in the Netherlands without proper regulation and money laundering was part of the offenses the owners were suspected of dealing in.
During the raid, paperwork, money, two high-end vehicles, and jewelry were seized. The raid was carried out under the umbrella of Regional Information and Expertise Centre (RIEC) North-Holland. This umbrella consists of various bodies including the Fiscal Information and Investigation Service, the Velsen municipality, Tax Authorities, the Gaming Authority, and the Public Prosecution Service.
A few days ago, the Dutch regulator de Kansspelautoriteit (KSA) chairman, René Jansen issued a warning to operators regarding advertising on iGaming platforms after the market launches later in the year. According to the Chairman, operators will be involved in a battle to acquire customers. As a result, bombarding customers with ads is likely and this is where the chairman fired his warning. Mr. Jansen said that this could lead to public outrage and hence the need for tighter regulations.