Netherlands fined operator Curacao € 600,000

Dutch regulator, Kansspelautoriteit (KSA), has issued a € 600,000 fine to a gambling operator licensed in Curacao. € 500,000 addressed directly to Virtual Coin Gaming NV, which owns the sites. The remaining € 100,000 was fined to the person behind these sites.

It is a violation for the operator to attract Dutch players. In the past, KSA has fined casinos licensed in Curacao more than once. However, this was more of a formality than a real threat, since it was unrealistic to collect these sums from them. Now the situation may have changed after the government of Curacao signed a reform treaty in exchange for financial assistance from the Netherlands.

The first obligations under the contract must be fulfilled by March. And this means the completion of studies on the need for changes in legislation. Ultimately, among other obligations, Curacao must ensure that their operators cannot serve players in jurisdictions where they are prohibited.

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