Dutch Regulator Issues Record €37.25M Fine Over 12 Gambling Sites

The regulator announced the fine on October 22. Its original calculation came to €292.6 million, but the amount was reduced to meet the legal limit. The investigation had also grown beyond the single casino that first drew the KSA’s attention.

One Casino Inquiry Reaches 11 More Websites

Instantcasino was the starting point. The KSA first examined the website in November 2024 and returned several times over the following two years. During those checks, Dutch users could register, deposit money and gamble without being blocked.

Further investigation identified 11 other websites operated by EOD Code. They included Skyhills, Slotmonster, Betiro, Betblast, Fastslots, Goldenpanda and Sambaslots.

The regulator found several signs that the sites were accessible to Dutch customers:

• Instantcasino offered a Dutch telephone code during registration and answered customer-service questions in Dutch;
• Five of the other websites displayed iDEAL as a payment option;
• Dutch banking options also appeared across the investigated sites;
• Skyhills had received promotion from Dutch influencers through Instagram, YouTube and Discord, according to the investigation.

EOD Code had already received an order to stop its unlicensed gambling operations in July 2025. A follow-up check in July 2026 found that gambling was still possible through Instantcasino17.

€5 Monthly Charges and Self-Exclusion Terms

The KSA identified several practices that increased the penalty. There was no visible and adequate age verification before registration was completed. The regulator also cited prohibited gambling offerings, autoplay or turboplay features, and payment methods involving cryptocurrency.

Some findings concerned the operator’s terms and conditions.

• Inactive accounts. A monthly €5 charge applied from the thirteenth month without activity;
• Withdrawals. EOD Code reserved the right to charge players who withdrew deposits without wagering them at least once;
• Self-exclusion. The operator’s terms allowed it to claim a player’s remaining balance after a request for permanent self-exclusion.

The KSA considered these conditions harmful to consumers and included them among the factors used to increase the calculated fine.

€292.6M Calculation Reduced to €37.25M

EOD Code did not provide the financial information requested by the regulator in May 2026. The KSA therefore estimated the operator’s 2025 gross gaming revenue using a search-volume-based method.

Its 17-page penalty decision gives the following figures:

• €108.374 million – estimated Dutch gross gaming revenue;
• €372.989 million – estimated worldwide gross gaming revenue;
• 270% – penalty rate after adding aggravating factors to the 100% base;
• €292.6 million – calculated penalty before applying the legal limit.

Under Dutch law, the fine could not exceed 10% of the operator’s estimated worldwide revenue. That brought the final amount down to €37.25 million after rounding.

The legal cap reduced the calculated penalty by €255.35 million, according to 15M’s calculation. Nevertheless, the new fine is €12.404 million, or approximately 49.9%, higher than the previous record set in the Novatech case in March 2026.

What Happens Next for EOD Code?

The decision was dated October 6 and sent to EOD Code on October 7, before being published on October 22. The company has six weeks from the dispatch date to file an objection. Filing an objection does not automatically suspend the decision.