Malta licensed Shark 77 Ltd fined by Dutch Regulator
By Dave Sawyer, Last updated Apr 17, 2023
The MGA licensed operator Shark 77 Ltd who own and operate the online brands 18Bet, Sport Empire and Casino Win Big have been hit with a €900,000 fine by the Dutch gambling regulator the KSA.
Announcing yesterday afternoon on their site, the KSA stated that Shark 77 Ltd has offered online gambling without a license via their 18Bet website and that they have subsequently imposed a fine of €900,000 on the gambling site’s parent company, Shark 77 Ltd.
The notice on the Dutch regulator’s site goes on to state: “Casino games and sports betting were offered on the website. No technical measures were taken to prevent participants from the Netherlands from accessing the games of chance. The Gaming Authority has imposed a fine for the violation.”
“Offering online games of chance is only allowed with a license from the Gaming Authority. This is subject to strict rules and regulations aimed at ensuring that there is a safe legal offer, whereby players are assured of fair play and are protected against gambling addiction.”
With René Jansen, chairman of the KSA commenting on the case: “These providers can thus have an attractive effect on players and jeopardise the channeling to the legal offer. We consider this serious and highly undesirable. Dutch players deserve the good protection of providers with a license from the Gaming Authority.”
Dave has been involved in the Online Gambling industry for 20 odd years now. With experience working for an operator based in Gibraltar, where he headed up the IT team at Ladbrokes, to running his own iGaming affiliate websites until 2019.
Dave now writes for Casinomeister and sister site Casino Gazette. You may also see him on the forum from time to time, where he goes by the handle Webzcas.
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