Lotteritilsynet warns Trannel of NOK1.198m daily coercive fine over Norway gambling offer
Source: Lotteritilsynet (Norway)
Norway’s Lotteritilsynet warned Trannel International Limited that it will impose a coercive fine if the company does not stop offering gambling without a Norwegian permit. The proposed daily amount is NOK1.198 million, capped at Trannel’s estimated annual gross profit of about NOK437 million; the notice said the fine would begin two weeks after a decision is made. Trannel’s court case was scheduled for May 2022.
The warning could expose Trannel to a daily financial penalty unless it ends the unlicensed offer in Norway.