N1 Interactive followed the lead of Videolots by issuing a categorical disagreeance with a Dutch regulator’s recent fine. The calculation used to calculate the amount has been labeled “incorrect” and “baseless”.
The Kansspelautoriteit imposed a EUR12.64m penalty on N1 Interactive last week for providing online games of chance to Dutch residents who did not have a license. This was a second violation following a similar fine in July 2021.
This was one of the “two eye-catching large quantities,” as described by the Ksa with Videoslots. It showed an intent to challenge an “absurd”, and was penalized EUR9.87m.
As part of a total package worth EUR26m, Betpoint Group was also fined (EUR1.78m), Probe Investments(EUR1.12m), and Fairload (1,900,000.
N1 Interactive stated that it disagrees with the KSA’s allegations that led to the alleged breach. It also noted that the group had taken “multiple measures” to stop players from the Netherlands from participating in the games.
In a similar move to the Videoslots statement above, N1 also stated that it believes that the regulator used an inaccurate and baseless calculation in determining the fine amount.
It was also added that the number issued was “disproportionately high”, which “contradicts Dutch law’s legal basis for levying or calculating a penalty”.
The company expressed disbelief that the fine was not published in time. It also stated that it was delayed “despite the fact the fine isn’t yet final and is still subject for objection proceedings that are due be heard and decided on by an impartial and independent judicial authority.”
The statement stated that N1 believes strongly that KSA’s actions have put pressure on N1 in both administrative and judicial proceedings.
N1 believes strongly that the court can review and evaluate the arguments of the company in a fair, transparent manner and reach a decision that is based upon the legal standing.
N1 stated that it would present a portfolio to support the appeal of the fine and dispute its legitimacy and proportionality. This is in contrast to other sanctions imposed on the KSA.
The statement concluded that N1 had fulfilled all of its regulatory obligations in relation to anti-money laundering and GDPR, responsible gambling, tax, and other matters.
“N1 is committed to complying fully with all its regulatory obligations both under its license from the Maltese Gambling Authority as well as internationally.”
