KSA imposes penalty on Casbit

KSA imposes penalty on Casbit

Added:
KSA imposes penalty on Casbit

Casbit has been operating online gambling without a license in the Netherlands through its Lala.bet website, according to KSA.

Dutch players could still access the website, the regulator found, despite Casbit’s attempts to prevent them from doing so and KSA’s warnings. Because of this, Casbit is now subject to a weekly fine of €280,000 from KSA for continuing to operate illegally in the nation, with a maximum fine of €840,000.

In order to guarantee player safety and fair play, KSA highlighted that stringent regulations are in place for providing games of chance under a license. Players are put at danger and this system is undermined by illegal gambling. The KSA has penalized Casbit, the most recent operator, for operating unlicensed online in the Netherlands.

On a more positive note, the legal gambling market in the Netherlands has expanded; in 2023, gross gaming income grew by twenty-eight percent. The number of total player accounts and active players using licensed providers has also gone up, suggesting that the market is expanding. The Dutch gambling sector is predicted to expand at a rate of approximately eight percent over the next five years, notwithstanding regulatory actions taken against unlicensed operators.

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