Kindred Group was hit with an EUR 470,000 fine by the Netherlands Gambling Authority for accepting bets from Dutch players. Kindred Group, operating through Trannel International Ltd, has…
…announced that they will appeal the fine.
This operator is not the only one to face such penalties from KSA. In fact, they are just another entity that received a fine in the past 18 months.
1964 Gambling Act:
The decision by Netherlands Gambling Authority to fine Kindred and other operators was based on the…
…1964 Gambling Act.
What many consider to be an outdated law was used to pass a number of similar fines within the last year and a half.
The controversy comes from the fact that a new set of regulations, intended to completely replace the 1964 Gambling Act, have already been…
…approved by the Dutch parliament. Titled Remote Gambling Bill, the new set of regulations is expected to yield first Dutch remote licenses within the first quarter of 2021.
“Kindred respects any requests from the Dutch regulator and is fully compliant with the rules set out by the Ministry of Justice and Security earlier this year,” a statement read. “Kindred remains committed to having a constructive dialogue with the regulator and other stakeholders.”
“While anticipating the establishment of a regulated online gambling market in 2021, Kindred aims to play a leading role in promoting Dutch gambling policy objectives, such as consumer protection. For instance, Kindred emphasises its ambition to reach zero per cent revenue from harmful gambling by 2023.”
Kindred has announced that they will be filing a formal appeal against the ruling. The company states that they are fully compliant with Dutch laws and regulations that were passed by…
… Dutch Ministry of Justice and Security earlier this year. Additionally, this organization has expressed its intention to play a leading role…
…in the development of the Dutch regulated online market. The Group expects this to happen by 2021. With lessons learned from the Swedish online gambling space, this online casino operator has recognized the importance of channelization.
“a high level of channelization from the outset is imperative to ensure a successful and functioning market with strong consumer protection,” reads the statement.
About the Company:
Kindred is one of the leading online operators that is actively involved in various regulated markets around the world. With 11 brands spanning from Europe to Australia, this operator is…
…servicing over 26 million customers. Being one of the more respected authorities in the industry, it employs over 1,600 people and is listed on Nasdaq Stockholm Large Cap.
They are also one of the founding members of the European Gaming and Betting Association. The company itself was founded in 1997 by Anders Strom. Following the initial success of the UniBet business, Anders has entered the online space in 2001, offering various services to nearly 200,000 customers in 12 different languages spanning across 80 countries of the world. Ever since then, it has grown at a steady pace, offering new technologies and closely following the emerging trends.
Source: “Kindred Group penalised by the Netherlands Gambling Authority based on the 1964 Gambling Act” https://mb.cision.com/Main/824/2883298/1091637.pdf. mb.cision.com August 19, 2019.
