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310K in Fines For 7red casino

Saturday October 11,2014 :  NETHERLANDS GAMING AUTHORITY DISHES OUT EURO 310 000 IN FINES

7red and royaal casino dot nl/com domains to pay for offering services

The Netherlands gaming authority, Kansspelautoriteit, has imposed a total of Euro 310 000 in fines on the companies behind 7red.nl/.com and royaalcasino.nl/.com for offering their gambling services to the market despite being issued a warning earlier this year.

While both sites converted to English language following the warning, they reportedly still continued to target the Netherlands market in Dutch on Facebook, through TV channels National Geographic, 24Kitchen and 13th Street and offered in their T’s & C’s a Dutch-focused bonus upon registration.

Acting on consumer complaints, the Kansspelautoriteit initiated an investigation into the figures behind the websites, curiously picking up payments in 2014 for both domains through a British company Megaten Ltd which apparently existed from 2004 to 2006.

It was also uncovered that a trust company acting on behalf of Bluemay Enterprises NV formerly served as a director on the board of the company.

The regulator extended its warning to Trust Companies saying: “If trust companies provide services to companies that operate illegally, then the trust company is also in contravention of Dutch Law”. 

In closing its investigation, the regulator levied a total of Euro 310 000 in fines comprising: Redcorp SA - Euro 130 000, Bluemay Enterprises NV - Euro 130 000 and Bluemay Enterprises Ltd. - Euro 50 000.

The Dutch Central Bank weighed in by publicly urging Trust Companies to carefully assess the risk of accepting betting companies as clients and ensure rigorous background checks on their potential clients.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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