KSA reduces Videoslots fine. Operator still fighting decision
The Dutch gaming authority, Kansspelautoriteit (KSA), has reduced the record penalty initially imposed on Videoslots, an online gaming platform operator. However, Videoslots is still contesting the fine, arguing that the company should not be penalized due to what it claims is a misinterpretation of the rules.
KSA’s Initial Fine and Rationale
In March, KSA fined Videoslots €9.9 million ($11 million) for violations, including the unintentional display of the KSA emblem on the company’s website. René Jansen, Chair of KSA, emphasized the importance of consumer protection, stating that the severity of the infractions justified the significant penalty. “The safety of Dutch customers comes first,” Jansen said, underscoring the regulator’s firm stance.
The original fine was based on an assessment that Videoslots’ 2021 revenue from the Netherlands totaled €141 million ($156.9 million), a figure that Videoslots immediately contested as being exaggerated.
After a review by the Advisory Committee for Objections, it was found that Videoslots had ceased targeting the Dutch market before the alleged infractions occurred. The committee adjusted the revenue estimate to €17.34 million ($19.3 million), leading KSA to reduce the fine to €975,000 ($1.1 million).
Videoslots Still Challenges Revised Fine
Despite the reduction, Videoslots remains firm in its objection. A spokesperson for the company told NEXT.io that the KSA’s revised penalty was still based on incorrect data, including flawed estimates of internet traffic and revenue. “The basis for the calculation of the revised fine remains rooted in an inaccurate estimate of internet traffic and assumed turnover in an incomparable period,” the spokesperson said.
The operator attributed the issues to temporary changes made to its website as it prepared to launch legally in the Dutch market. Videoslots reiterated its commitment to compliance, expressing frustration that it had not been given the opportunity to discuss the matter with KSA representatives. “Our intention has always been to operate as a compliant entity within the Dutch market,” the spokesperson added.
Videoslots criticized KSA’s methods, arguing that the regulator’s approach did not reflect the reality of the situation. As the dispute continues, it highlights ongoing tensions between gambling operators and regulatory bodies in rapidly evolving markets. Videoslots remains adamant that the fine is unjust and pledges to challenge the decision further under Dutch law.
