Ksa imposes record fine on EOD Code

(PRESS RELEASE) -- The Dutch Gaming Authority is imposing a fine on EOD Code SRL for offering illegal gambling. The illegal party offers games of chance in the Netherlands without a license on various websites, including Instant Casino and Skyhills. EOD Code had previously been issued a penalty payment order for this.

Ksa employees were able to gamble on various of the company's sites without measures being taken to prevent participation from the Netherlands. The original investigation focused on Instantcasino, but further investigation revealed even more websites involving illegal gambling, namely skyhills.com, slotmonster.com, betiro.com, betblast.com, fastslots.com, goldenpanda.com, sambaslots.com, winningz.com, incognitocasino.com, foxygold.com, and luckypays.io.

There were multiple aggravating circumstances on the various websites, such as the lack of visible age verification. Visitors also had the option to pay with cryptocurrency and anonymous payment methods. This facilitates money laundering.

When imposing fines, the Ksa may opt for a revenue-related amount if the standard fines are disproportionate in size to the revenue generated from the illegal offering. Because the Ksa estimates that EOD Code earned more from bets placed by Dutch players, a higher fine based on a revenue estimate was chosen. This fine for EOD Code is the highest fine the Ksa has imposed for illegal offerings to date.

Taking action against illegal offerings is not limited to administrative fines, as mentioned here, but also involves intensive collaboration with third parties, such as payment service providers, hosting parties, banks, and major tech companies.