Kindred to stay in Norway by paying fines

Kindred to stay in Norway by paying fines

Added:
Kindred to stay in Norway by paying fines

Kindred states that they are going to stay in the Norwegian market and pay the fees by Lotteritilsynet.

Lotteritilsynet has announced that it will seek fines in the amount of 1.198 million Norwegian kroner for everyday its subsidiary, Trannel, continues to operate in Norway – at the beginning of this month.

The fine will come into force in three weeks from the day when the regulator decides to issue it, that is, on October 5.

During this year, Lotteritilsynet told the company to leave the country or pay this fine, but Kindred said it would stay in the market because the operator stated that they did not violate any laws.

”We will appeal against Lotteritilsynet’s decision regarding the issuance of this selection fee and will continue to work as usual while the trial continues. We are willing to see how it turns out.”

stated the chief executive officer of the company – Henrik Tjärnström.

Tiernstrom said Kindred disagrees with the idea that he is working in Norway illegally. While the Norwegian authorities have only licensed two buses for online gambling, Tjernström argued that Kindred is allowed to operate under European law because it has a license in Malta, and therefore it is subject to the free movement of services in the European Economic Area.

“We are authorized to operate in Malta and are sure that clients from Norway have the right to play on international websites if they are willing. And there is nothing that separates Norway from the rest of Europe.”

added the CEO.

He confirmed his confidence that Norway is going to start creating a fully regulated model in which private operators will be able to apply for licenses.

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