KSA slaps Shark77 with €900,000 fine over unlicensed operations
Shark77 Limited is a B2C licensee, and 18Bet is one of its trading names. Therefore, according to the AML/CFT rules in force at the MGA, no deposit of more than €2,000 should be possible without prior KYC verification. However, in our review on October 26, 2022, pre-KYC deposits of up to €10,000 would have been possible, i.e., before our ...
Dutch Gaming Authority Fines Shark77 Ltd 900 Thousand Euros for ...
The Netherlands Gambling Authority (KSA) has slapped Shark77 with a €900,000 fine after it established the firm was operating in the market without a licence. The regulator initially investigated Shark77 in December 2021 and then followed this up with further probes in January and February last year.
Dutch Regulator Issues Fine to Shark77 - European Gaming Industry News
Dutch Gaming Authority imposes €900,000 fine on Shark77. Shark77 has been fined €900,000 ($975,408) by the Dutch Gaming Authority. This comes after Shark77 allowed gamers to engage in games of chance without the necessary licence, in violation of the Netherlands' Betting and Gaming Act. By Louis Thompsett.
Shark77 fined €900,000 for offering illegal online games of chance in ...
The Netherlands Gambling Authority (KSA) has fined Malta-based online operator Shark77 €900,000 for allowing Dutch players to gamble on its website without a licence. Announcing the fine on Thursday (January 19), the KSA said upholding the Netherlands' ban on unlicensed operators remains one of its priorities.