MRG fined by Netherlands gaming regulator

MRG fined by Netherlands gaming regulator

Thursday, September 13, 2018 Posted by News Team
No alternative text provided
Penalty handed out for failure to use IP blocking in the country

Swedish iGaming operator MRG has been hit with a €312,500 fine by the Dutch gambling regulator the Kansspelautoriteit (KSA). 

The operator says that it has complied with all guidelines relating to online gambling issued by the KSA, aside from using IP blocking to prevent consumers from accessing its sites. This has resulted in the regulator issuing the fine. 

“Most gaming operators do not practice IP blocking in the Netherlands and the company will therefore appeal the decision,” MRG said.

The operator noted that the Dutch market only accounts for around 6% of its total revenue, and that its impact on profitability is “insignificant”. It generated revenue of around SEK26m (£2.2m) from the Netherlands in the second quarter of the year.

MRG’s announcement comes days after another Swedish operator, Betsson, announced that it would appeal a €300,000 fine issued to its Dutch subsidiary Corona Ltd by the KSA. 

Betsson believes it complies with all applicable laws and regulations in the absence of an EU-compliant regulatory framework in the country.

Tags: 
Latest
Finance

JPJ Group sees Jackpotjoy decline offset by Vera&John growth in Q3

Money

Stride Gaming subsidiary hit with £7.1m UKGC penalty

France

Stellar showing from sports betting drives French market growth

Casino

Swiss Casinos selects Playtech for online launch

Gaming Products & Services Directory

The essential directory for the gaming industry