• About
  • Contact Us
Friday, July 1, 2022
Crypto Currency Financial
  • Home
  • Crypto News
  • CRYPTO CASINOS
    • Cardano Casinos
    • Ethereum Casinos
    • Litecoin Casinos
    • Tron Casinos
  • MARKET UPDATES
    • BTC ANALYSIS
    • ETH ANALYSIS
    • XRP ANALYSIS
  • About Us
  • Contact Us
No Result
View All Result
Crypto Currency Financial
No Result
View All Result
Home TRADING GUIDES

‘Corona-free’ Online Casinos Face Hefty Fines in Netherlands

Max Steven by Max Steven
March 20, 2020
in TRADING GUIDES
399 5
0
‘Corona-free’ Online Casinos Face Hefty Fines in Netherlands
555
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

The Dutch gambling regulator, Kansspelautoriteit, has further warned gambling websites and physical gambling establishments not to use the global coronavirus crisis to advertise their products after its first such warning that was issued earlier this week.

In a message posted on its official website on Thursday, Kansspelautoriteit said that advertising materials containing coronavirus-related messages, such as ‘corona-free gambling’ would be regarded as a “penalty-enhancing circumstance” if an unauthorized online gambling operator is discovered to have adopted such promotional approaches amid the global Covid-19 outbreak.

That Thursday message came on the heels of a warning made by Kansspelautoriteit earlier this week that was addressing instances of unlicensed iGaming websites and even illegal brick-and-mortar establishments trying to lure customers with ‘corona-free’ offerings.

Kansspelautoriteit said earlier this week that if an online gambling operator is caught to have adopted such promotional tactics, it could not be granted a license from the Dutch gambling regulator next year when the Netherlands’ online gambling market is set to be reorganized and liberalized.

Under the country’s current law, international online gambling companies are not allowed to target Dutch customers as they do not hold and cannot obtain licenses from Kansspelautoriteit. However, many have overstepped the rules and have faced hefty penalties from the regulator.

The closure of physical gambling establishments across the Netherlands due to the coronavirus outbreak has resulted in the surge of activity in the iGaming space, which, paired with the emergence of ‘corona-free’ offers, has prompted Kansspelautoriteit’s warnings.

Hefty Fines to Be Slapped on Unscrupulous Operators

Kansspelautoriteit said Thursday that advertising ‘corona-free’ products is a penalty-enhancing violation that increases the amount of an errant online operator’s penalty by at least €50,000.

That minimum additional fine can be raised, depending on the nature of the promotional content and its reach. Operators running illegal gambling establishments will, too, be punished more heavily if caught advertising their offering by using references to the unfolding global situation.

Kansspelautoriteit noted that the provision of online gambling services in the Netherlands is already prohibited and is subject to a minimum fine of €200,000. This means that an unauthorized operator advertising its offering by using coronavirus references could be slapped with at least €250,000 for its violations.

News about Kansspelautoriteit’s plans to severely punish companies and their advertising partners for the unscrupulous use of a global pandemic to boost their business arrives as one gambling operator – Flutter Entertainment – warned its affiliate partners not to take advantage of the Covid-19 spread and that it would immediately suspend any affiliate caught referencing to the crisis in promo content advertising Flutter’s brands, including Paddy Power and Betfair.

Soure: Offering ‘Corona-free’ leads to higher fine

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories

Related Articles

Related News

Tags: CasinosCoronaFreeFaceFinesHeftyNetherlandsOnline
Max Steven

Max Steven

Max has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system.

Related Posts

Blue tick, a way to cover up for a huge scam

Blue tick, a way to cover up for a huge scam

May 4, 2022
LABS Group is making Marketing Alliance with KuCoin The Big Shift from Ethereum to New Binance Smart Chain

LABS Group is making Marketing Alliance with KuCoin The Big Shift from Ethereum to New Binance Smart Chain

April 2, 2022
How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

February 16, 2022
Announcing TurboXBT, The Newest Short-Term Trading Platform And Why You Should Care

Announcing TurboXBT, The Newest Short-Term Trading Platform And Why You Should Care

November 6, 2021
How to Stop Liking Someone And Move On For Good

How to Stop Liking Someone And Move On For Good

September 16, 2021
Aurora reverses itself on pot hospitality measure when second vote comes up short

Aurora reverses itself on pot hospitality measure when second vote comes up short

September 14, 2021

Trending

Vickersventure AI-A great impact technology development program
Press Release

Vickersventure AI-A great impact technology development program

15 hours ago
Up to 20x  leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading
Press Release

Up to 20x leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading

3 days ago
How MinersLeague makes mining easy for everyone
Press Release

How MinersLeague makes mining easy for everyone

3 days ago
Shima Capital Leading $6 Million Seed Round For MECH.COM
Press Release

Shima Capital Leading $6 Million Seed Round For MECH.COM

3 days ago
RLD.DAO’s ambition: to be a revolutionary presence in the crypto
Crypto

RLD.DAO’s ambition: to be a revolutionary presence in the crypto

4 days ago

Recent Post

  • Vickersventure AI-A great impact technology development program
  • Up to 20x leverage and trigger orders: WhiteBIT cryptocurrency exchange has updated the terms of margin trading
  • How MinersLeague makes mining easy for everyone
  • Shima Capital Leading $6 Million Seed Round For MECH.COM
  • RLD.DAO’s ambition: to be a revolutionary presence in the crypto
  • Introducing Lords of The Lands – A Futuristic Metaverse Space for NFT Rentals
  • 8DAO: Asia’s first Social DAO, using social capital to build a Web3 ecosystem

Categories

  • AI Trading
  • Axia
  • Bitcoin
  • Blockchain
  • Blockchain News
  • Business
  • Crypto
  • Crypto News
  • Cryptocurrency
  • Cryptonews
  • Cryptos
  • Deepcoin
  • Gaming
  • Guest Post
  • ICO
  • Metaverse
  • News
  • NFT
  • Press Release
  • Technology
  • Tezro
  • Token
  • Trading
  • TRADING GUIDES
  • Wallets

Tags

2020 Announces Betting Bitcoin blockchain Brides cannabis Casino Casinos Colorado Content coronavirus Covid19 crypto Cryptocurrency Currency Deal financial foreign Gambling Games Gaming Group Launch Launches live marijuana market Online Partners Partnership Play pot Pragmatic Red reports revenue Simple Slot Slots Solutions Sports Supply unveils William

About

The cryptocurrencyfinancial publishes regular news, analysis and opinion pieces on the latest developments in this fast-moving space. We offer the latest crypto news, expert pricing analysis and insight on the latest ICO's.

Contact Us: [email protected]

  • About
  • Contact Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $47,760.000.100% 24H
    BITCOIN
    24H : 0.100%
    Volume : $25,691,746,641.00
    Marketcap : $902,767,395,534.00
  • ethereumEthereum(ETH)
    $3,750.30-0.42% 24H
    ETHEREUM
    24H : -0.42%
    Volume : $15,543,537,817.00
    Marketcap : $446,191,570,291.00
  • binancecoinBinance Coin(BNB)
    $523.71-0.25% 24H
    BINANCE COIN
    24H : -0.25%
    Volume : $1,715,282,504.00
    Marketcap : $88,112,540,019.00
  • tetherTether(USDT)
    $1.0000.050% 24H
    TETHER
    24H : 0.050%
    Volume : $52,703,800,023.00
    Marketcap : $78,519,198,598.00
  • solanaSolana(SOL)
    $175.020.210% 24H
    SOLANA
    24H : 0.210%
    Volume : $1,660,210,957.00
    Marketcap : $54,115,741,275.00