Dutch regulator hits EOD Code with record €37m fine over twelve illegal casinos
The Netherlands Gambling Authority, known as the Kansspelautoriteit or Ksa, has fined EOD Code SRL €37 million for offering online casino games to Dutch players without a licence. The penalty was announced on 22 October 2026. It is the biggest fine the regulator has issued for illegal gambling so far.
Twelve brands linked to one operator
EOD Code says it is registered in Costa Rica. The investigation began with one brand, Instantcasino. The Ksa then connected eleven more sites to the same company, bringing the total to twelve. None of these sites had a Dutch licence. The brands named include:
- Skyhills
- Slotmonster
- Betiro
- Fastslots
- Goldenpanda
- Winningz
Ksa staff were able to register and play on several of the sites. The sites had no measures to block players located in the Netherlands. The regulator also pointed to aggravating factors. There were no visible age checks, and the sites accepted cryptocurrency and other anonymous payment methods, which the Ksa says can make money laundering easier. Before the fine, EOD Code had already received an order subject to penalty payments over the same activity.
A fine based on turnover
The Ksa normally calculates fines using fixed base amounts. In this case, it decided those amounts would be too small compared with what the operator had earned from Dutch players. Instead, it used its power to set a fine linked to an estimate of the company's Dutch turnover. The regulator said this is the highest fine it has imposed for an illegal offering to date.
The decision goes beyond the Ksa's €25 million fine against Novatech earlier this year, which was a record at the time. The change means penalties for offshore operators targeting Dutch players can now grow with estimated revenue instead of stopping at a fixed level.
Wider fight against illegal gambling
The Netherlands legalised online gambling in October 2021, but licensed operators still face strong competition from unlicensed sites. Last year, the Ksa estimated that Dutch players spend more money with illegal operators than with licensed ones.
In August, broadcaster BNR reported that illegal operators were reaching people on Cruks, the national self-exclusion register, through ads on Facebook and Instagram. In June, the Dutch cabinet proposed banning online gambling advertising and bonuses.
Besides issuing fines, the Ksa says it works with payment providers, hosting companies, banks and large technology firms to cut off illegal operators. The full decision has been published by the regulator.
Source: CasinoBeats