Kansspelautoriteit Penalizes Corona Ltd With €300,000

One of Betsson's subsidiaries in the online gambling sector has been penalized by the Netherlands Gaming Authority with €300,000 for offering sports betting services to residents without a proper local license.

The offender, Corona Ltd, belongs to the operator's division of online casino brands, alongside Oranje and Kroon . However, despite conducting detailed investigations of other entities that fall under its banner, Holland's Kansspelautoriteit has locked only one platform.

In Accordance with The Law:

To clarify, the lower house of the Dutch parliament sought the approval of the Remote Gaming Bill two years ago, however, it was turned down by the country's Senate. At the beginning of June this year, the government officials showed great interest to resume the legislative process, scheduling the initial talks just before 2020.

According to the CEO of Betsson AB, Pontus Lindwall, the regulator has established strong foundations for proper re-adjustment of the Dutch gaming market. He also commented:

"Betsson shares KSA's ambition to achieve a high channelisation of customers into any future locally regulated environment in the Netherlands, and supports the Dutch Government's ambition in moving forward with the legislative process."

Focusing On Players:

Betsson acquired Corona Ltd. four years ago and since then its main ambition has been to prioritize customers by integrating them into locally regulated environments. By supporting the Dutch government, the group is hoping to get back in business and regain leadership in the upcoming months.

Still, the group requires a much serious plan to implement its program, but thankfully, the main three strategies have been successfully adopted: optimization of operational efficiencies, improvement of product outputs and enhancement of growth within core markets. In the final analysis, the enterprise is still considering whether it will appeal the decision to pay the fine. Stay tuned.

Source: "Boete van 300.000 euro voor bedrijf in Betsson Group". Kansspelautoriteit. August 24, 2018.

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