{"id":7900,"date":"2024-09-20T06:52:11","date_gmt":"2024-09-20T06:52:11","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/09\/20\/ksa-cuts-videoslots-record-fine-but-operator-remains-defiant\/"},"modified":"2024-09-20T06:52:11","modified_gmt":"2024-09-20T06:52:11","slug":"ksa-cuts-videoslots-record-fine-but-operator-remains-defiant","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/09\/20\/ksa-cuts-videoslots-record-fine-but-operator-remains-defiant\/","title":{"rendered":"KSA Cuts Videoslots\u2019 Record Fine, but Operator Remains Defiant"},"content":{"rendered":"
\n

The record penalty that Videoslots was initially subject to has been drastically reduced by the Dutch gaming authority, Kansspelautoriteit (KSA). The operator of the online gaming platform, however, is still contesting the sentence, saying it shouldn\u2019t be punished for what it says was a misinterpretation of the rules.<\/p>\n

KSA fined Videoslots a record \u20ac9.9 million ($11 million) in March, citing infractions such as the unintentional display of the KSA emblem on the business\u2019 website. KSA Chair Ren\u00e9 Jansen emphasized the value of consumer protection, saying that the severity of the infractions is reflected in the penalty. Jansen reaffirmed the regulator\u2019s position on the subject and stated, \u201cThe safety of Dutch customers comes first.\u201d<\/p>\n

KSA\u2019s original calculation assumed Videoslots\u2019 2021 revenue from the Netherlands was \u20ac141 million ($156.9 million). However, Videoslots immediately challenged the penalty, arguing that the assessment was inaccurate and overstated.<\/p>\n

Videoslots Fights Back Against Penalty<\/strong><\/h2>\n

Following a review by the Advisory Committee for Objections, it was determined that Videoslots had actively ceased targeting the Dutch market ahead of the alleged infractions. The committee adjusted its estimate, suggesting the operator\u2019s revenue was closer to \u20ac17.34 million ($19.3 million), prompting KSA to reduce the penalty to \u20ac975,000 ($1.1 million).<\/p>\n

Despite the reduction, Videoslots continues to object. A company spokesperson told NEXT.io that KSA\u2019s calculations were based on incorrect data, including flawed traffic and revenue estimates. The spokesperson stated, \u201cThe basis for the calculation of the revised fine remains rooted in an inaccurate estimate of internet traffic and assumed turnover in an incomparable period.\u201d<\/em><\/p>\n

\n
\n
\n
\n