Record €24.9m fine to unlicensed operator Novatech!

[cocopop3011]

The Netherlands Gambling Authority  has fined Novatech operator a whopping  €24.8m,  operator of the Qbet and 55Bet brands.

Quote

Additionally, the authority levied a further fine of €1.8m against Fortaprime SRL, which operates brands including Amonbet, Supraplay, Bilucky, Gxspins, Kaasino, Hiddenjack and Luckymax7.

Investigations showed that players could set up accounts and deposit at these brands, despite them not holding the appropriate licenses! Other violations include the lack of visible age verification and the ability to pay using cryptocurrency and anonymous payment methods, contributing to a heightened risk of money laundering.

More information found here - KSA issues record €24.9m fine to unlicensed operator Novatec

Do we think this is an appropiate fine for such huge violations?

[Blackjax]

The big question is are they going to pay?

[Afi4wins]

Declare BANKRUPT, close the casinos then START AFRESH - typical solutions taken by crooked organisations!

[loceff13]

23 hours ago, Blackjax said:

The big question is are they going to pay?

It's wild 'global revenue' fines are even a thing too.