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Casumo Falls Foul of Dutch Gambling Regulator

The Malta-based and licensed online casino has been slapped a hefty fine for targeting Dutch gambling customers without a local license

Casumo has become the latest online gambling operator to be punished by the Netherlands Gambling Authority, Kansspelautoriteit, for servicing Dutch gamblers without a license from the regulator.

The regulatory body announced on Monday that it has slapped a €310,000 fine on the Malta-based company for targeting players located on the territory of the Netherlands. After an investigation, Kansspelautoriteit discovered that Dutch gamblers were able to access and gamble on Casumo’s website for a certain period of time.

Gamblers from the Netherlands were exposed to more than 800 online casino games, including slots, roulette, and blackjack, the Dutch gambling regulator said in a statement issued Monday on its official website. In addition, Casumo offered customer support in Dutch language.

Kansspelautoriteit said in its statement announcing the fine that online gambling operators are not allowed to provide services of this kind to local players without holding a license from the regulator. It also reminded that the Netherlands’ current regulatory system does not provide guidelines for issuing gaming licenses to international companies.

To make it easier for Dutch gamblers to play Casumo’s online casino games, the operator was also found to have offered iDEAL as an available payment method on its website. iDEAL is a locally popular payment services provider and has often been used by international gambling operators.

A Serial Troublemaker

This is the second time Casumo has received a good old regulatory spanking accompanied by a hefty financial penalty in recent months. Back in November, the online gambling company was imposed a behemoth £5.85 million fine by the UK Gambling Commission for risk assessment failures.

The company was found to have failed to deploy appropriate risk assessing practices to detect and prevent its product from being used for money laundering and other financial crimes. An investigation by the UK Gambling Commission also found that Casumo failed to conduct proper due diligence on gamblers and determine the source of their gambling money.

The Dutch Parliament finally approved in February a so-called Remote Gambling Bill that contains provisions for the re-organization of the local market and sets the rules under which interested international operators would be licensed to operate in the soon-to-be-liberalized market.

However, the new gambling legislation requires companies that were found to have been actively operating in the Netherlands without a license to serve a two-year blackout period during which they would not be allowed to apply for a license with Kansspelautoriteit.

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The post Casumo Falls Foul of Dutch Gambling Regulator appeared first on Casino News Daily.

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