Norway’s gambling regulator has warned Kindred Group that it could face a fine of as much as $42.7 million if it continues to operate in the country. [Image: Shutterstock.com]
A potentially hefty bill
The Norwegian gambling regulator has warned Kindred Group that it could face a fine of as much as NOK 437 million (US$42.7 million) if it continues to operate in the country. Lotteritilsynet said Kindred Group operates illegally in the country and could face the hefty fine within a year.
Lotteritilsynet explained that the daily fine could be as high as the operator’s annual gross profit, which the regulator says is about NOK 437 million ($42.7 million). It plans to fine the Trannel subsidiary of Kindred Group of NOK 1,198 million (US$117,279) each day it remains in the Norwegian market.
regulator has previously issued warnings to Kindred Group
Lotteritilsynet officially made its decision on Wednesday; the daily fine would take effect three weeks later. The regulator has previously warned Kindred Group about possible sanctions against the operator if it does not exit the market.
Two opposing views
While Trannel does not currently have any license that would allow it to operate in Norway, the Bingo, Storspiller, Maria Casino and Unibet brands are currently accessible to people in the country.
Kindred has commented on the matter in the past, claiming it does not violate any Norwegian law. It therefore does not intend to exit the market. Currently, Norsk Rikstoto and Norsk Tipping are the only licensed online gambling operators in Norway. Kindred Group claims that its operations in Norway are not illegal because it is not illegal for people in Norway to accept and participate in cross-border services, including gambling.
A long running battle
Lotteritilsynet first told Trannel to cease operations in April 2019. Trannel appealed the order and sought to question its legality in the Oslo court. After the appeals procedure, it was established that the original decision of the games of chance supervisor was valid. There have been subsequent legal battles and appeals; the most recent ruling came on September 2, when the court of Oslo sided with Lotteritillsynet.
Kindred Group is an online gambling operator with presence all over the world. It offers a variety of products including online casinos, sports betting, online bingo and online poker through its nine brands.
The director of the Norwegian Lottery and Foundation Authority, Henrik Nordal, explained that the Norwegian authorities are obliged to stop the illegal operations in order to help the Norwegian population and gambling addicts. Nordal said: “Surveys show that six out of ten Norwegians who do not know Unibet, Maria Casino, Storspiller and Bingo are gambling illegally in Norway.”
This post Kindred fined $42.7 million if it continues operations in Norway
was original published at “https://www.vegasslotsonline.com/news/2022/09/18/kindred-could-face-fine-of-up-to-42-7m-if-it-continues-to-operate-in-norway/”