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Compliance Updates

KSA Orders LCS Brands to Withdraw from Dutch Market

Published

3 years ago

on


Reading Time: < 1 minute

 

Dutch gambling regulator Kansspelautoriteit (KSA) has ordered Malta-based online casino group LCS Limited to immediately comply with its jurisdiction and cease and withdraw its Dutch market activities.

KSA has imposed a cease-and-desist order on LCS Limited brands for “illegally offering games of chance”, which have contravened the laws established by the KOA Act, safeguarding and monitoring Dutch online gambling’s regulated marketplace.

Should LCS Limited fail to comply with the cease-and-desist order, KSA warned that it would sanction a €55,000 penalty per week on its business.

The Dutch regulator outlined that the maximum penalty imposed on LCS Limited could reach €165,000.

Licensed by the Malta Gambling Authority (MGA), LCS Limited operates the online casino portfolio of Sven Play, Lapilanders, Sons of Slots and Wallace Bet.

“KSA has established that LCS Limited offers games of chance to Dutch consumers via at least one website,” the warning read.

“The board of directors of the Gaming Authority instructs LCS Limited to cease and to stop offering games of chance for which no license has been granted under the Gambling Act by means of an order subject to periodic penalty payments.”

The KOA Act rules allow LCS Limited to lodge an appeal against KSA cease-and-desist order.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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