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The Ksa imposes €26m in fines on five operators

Updated:2024-03-25 12:59    Views:68

The fines were imposed on Videoslots Limited (€9.9m); N1 Interactive Limited (€12.6m); Betpoint Group Limited (€1.8m); Probe Investments Limited (€1.1m); and Fairload Limited (€900,000).

During the determination of the amount of the sanctions, the Ksa used its newly formed fines policy which it formed in September 2021. This system takes into account the revenue turnover of the companies being fined.

Following the issuing of the fines to the providers, they asked the court to stop the publication of the decisions. The judge rejected the requests this week and has put them into the public domain.

The two largest fines doled out were against N1 Interactive and Videoslots. In the case of N1 Interactive, the reasoning behind this harsh punishment was that the company had repeated a violation for which it had already been fined.

Videoslots' large fine was justified by the Ksa who asserted the company had incorrectly displayed the word mark of the Gaming Authority on its website. It is illegal for an unlicensed vendor to do this and is likely that VideoSlots was trying to deceive its clients by doing this.

The Ksa cited other fine-increasing factors for these five companies. These included: the lack of visible and adequate age verification; allowing the use of anonymous payment methods; and spreading misinformation by suggesting that their products were offered with a European license.

Ksa Chairman René Jansen commented: “We mean business. Player safety is paramount. A fine is to hit where it hurts,real poker so in the wallet. With such amounts, we think we can impose an appropriate sanction, given the illegal earnings.”

Videoslots has already commented on its KSA sanction.





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