Dutch Gambling Regulator Issues €531,250 Fine to Tipico
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Tipico's Malta-based subsidiary has been fined €531,250 ($622,494) for illegally targeting Dutch people with its online gambling offering. The fine includes €200,000 ($234,351) fine for gambling on Tipico.com. Two of the fines were for offering online casino games and live sports betting to Dutch residents. Another €75,00 was added for the inactivity fee.
Dutch Gambling Regulator Issues €531,250 Fine to Tipico. KSA's investigation into TipICO officially began on January 10, 2020. It found no mention on the website whereby Netherlands players were made aware that they could not legally participate in online gambling. The operator issued a response the following month.
Dutch Gambling Regulator Issues €531,250 Fine to Tipico. Regulated online gambling market has been in the works for years in Netherlands. Remote Gambling Act went into effect on April 1. Operations can start starting October 1, and the KSA will reveal the operators that were successful in getting a license by the end of September.
