Less than a month later applying for an iGaming license because of its home nation of Sweden and internet casino operator Mr Green and Company AB has announced that one of its subsidiaries has been fined by the gambling authority at the Netherlands.
Penalized for ‘IP blocking’ violation:
According to an official Wednesday press release, the Stockholm-listed firm stated that its Mr Green Limited weak was ordered to pay a penalty of €312,500 ($363,639) for failing to comply with the regulator’s recommendations ‘IP blocking. ’
Mr Green and Company AB is responsible for the domain names at BingoSlottet.dk, 11. Lv, WinningRoom.com and BingoSjov.dk and final year posted earnings of approximately $129 million. It detailed the operator at the Netherlands has ‘formerly issued guidelines’ for iGaming with the operator believing it ‘has complied with these guidelines except for IP blocking. ’
Operator intends to allure:
Launched some eleven years before, Mr Green is behind websites such as MrGreen.com, MamaMiaBingo.com, Vinnarum.com, Redbet.com and Bertil.com and announced that it now intends to appeal the penalty decision due ‘many gambling operators do not clinic IP blocking at the Netherlands. ’
Effect on profits ‘insignificant’:
The operator explained that it’s present in certain 13 jurisdictions and is licensed by authorities in countries such as the United Kingdom, Malta, Denmark and Italy. It moreover proclaimed the Dutch gambling market represented approximately 6% of its second-quarter earnings at just over $30 million with the fine due to have an ‘insignificant’ effect on its profitability.
Mr Green and Company AB granted Swedish iGaming licenses
