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The Netherlands – Euro 400K fine for addressing Dutch market

Today, the Dutch Gambling Authority (“KSA”) announced that on 4 January 2019, it imposed a fine of EUR 400,000  on 1x Corp N.V. and Exinvest Limited, companies vested in Curacao and Cyprus.

The companies were  offering gambling services to Dutch consumers via several websites, such by means of having the websites (partially) in Dutch, using iDeal as payment method, etc., all such without having  licenses.

Both companies have appealed KSA’s decision.