€100,000 Fine for No Licensed Betting Site

Published September 13, 2013 by OCR Editor

€100,000 Fine for No Licensed Betting Site

Make sure you have a license before offering online gambling services.

As it turns out, €100,000 is the cost for running an online gambling platform in the Netherlands without a proper license as Global Stars found out the hard way recently.  The Curacao Based firm that offers online bingo, online roulette and a lottery system had been offering their services in the Netherlands but with one problem; they didn't have the online gambling license needed to operate in Holland.

The Netherland's Gaming Authority slapped the financial chains on Global Stars for operating illegally in the Netherlands much to the dismay of the Global Stars management.  Even though a few months ago, lawmakers in the Netherlands published an online gambling legislation document that called for a much more liberalized market at the beginning of 2015, that didn't mean that online betting operators like Global Stars could opt to offer their services before the legislation was passed by the government.  

Not only has the legislation not been approved, the country doesn't even accept permit requests at the time so until the Dutch pass the measure, anyone trying to get away with operating under their noses will most likely receive similar fines.

It may be a heavy price to pay but it has brought with it a valuable lesson for other companies in the industry.  Play by the rules, play responsibly and play your cards right at all times!

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