Kindred Group has launched an appeal against a €470,000 fine for illegal activities activity within the Netherlands, however it has been said that they are continuing to stay committed to securing a license in the country once the new iGaming laws officially come into effect.
Yesterday, the Kansspelautoriteit (KSA) issued a €470,000 (£430,344/$521,950) fine to Kindred’s Trannel International subsidiary after an investigation, taken place by the regulator found its Unibet.eu site had been targeting Dutch players between August 11 and December 27, 2018.
However, it has been claimed by Kindred that they remain fully compliant with iGaming rules which have been set out by the Dutch Ministry of Justice and Security earlier this year.
It has aims to play a leading role in key regulatory goals, such as consumer protection, it added, and is also committed to holding constructive dialogue with the KSA and other stakeholders as online regulations are developed.
With secondary legislation currently being developed by the Ministry of Justice and Security, as well as KSA policy rules on license applications and eligibility requirements, it has still continued to appeal the fine.
The secondary legislation will add more detail to the broader regulatory framework of the Remote Gambling Act, passed by the Dutch Senate earlier this year in February.
The Dutch government aims to have the secondary laws brought into force from 1 July, 2020, after which the KSA will have the power to process license applications ahead of the market opening from 1 January 2021.