Netherlands Gambling Authority Issues Record €37 Million Fine to EOD Code SRL for Twelve Unlicensed Casino Brands
The Ksa imposed a record €37 million fine on EOD Code SRL for twelve unlicensed online casinos serving Dutch players. Calculated on estimated turnover, it exceeds the prior €25 million record against Novatech. The action highlights continued pressure on the black market through scaled penalties and service provider cooperation.
SCCG Take — This turnover-based approach increases financial exposure for offshore operators and shows the Ksa aligning penalties with actual market gains from unlicensed activity.
The Netherlands Gambling Authority (Kansspelautoriteit, or Ksa) has fined EOD Code SRL €37 million for offering online gambling to Dutch players without a licence. Announced on 22 October 2026, the penalty is the largest the regulator has imposed for illegal gambling to date. It was calculated on an estimate of the company’s Dutch turnover rather than standard fine tables.
EOD Code SRL, which is registered in Costa Rica, operated twelve unlicensed casino brands that accepted customers from the Netherlands. The case began with a single brand, Instantcasino. Investigators linked eleven more sites to the same operator, including Skyhills, Slotmonster, Betiro, Fastslots, Goldenpanda and Winningz. None held a Dutch licence.
Investigation Reveals Lack of Player Protections
Ksa staff signed up and played on several of the sites, which had no measures to block players based in the Netherlands. Aggravating factors included no visible age checks and the acceptance of cryptocurrency and other anonymous payment options. The Ksa noted these make money laundering easier. EOD Code had already been served with an order subject to penalty payments for the same activities before the fine was issued.
Turnover Basis Raises Penalty Ceiling
Under normal policy the Ksa uses set base amounts for fines. In this instance it determined those amounts would be out of proportion to earnings from Dutch players and instead applied a turnover-related fine. The regulator described the penalty as the highest it has imposed so far for an illegal offering, according to reporting by Casino Beats. The decision surpasses the €25 million fine issued against Novatech earlier this year. The full decision is published on the Kansspelautoriteit website.
Reporting: Casino Beats
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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