Sports betting operator Ringobet.kz lost its license and was fined for violating the law, according to the press service of the Ministry of Tourism and Sports.
In April of this year, based on an appeal from the State Revenue Committee, the Ministry of Tourism and Sports of Kazakhstan, performing the functions of a gambling regulator, conducted an unscheduled inspection of the activities of the organizer of gambling under the Ringobet.kz brand. The result of the inspection was the discovery of a serious violation of the gambling business rules, including the requirement to locate a server for accepting bets on the territory of Kazakhstan, which was ignored by Ringobet.kz.
As a result of detected violations of the law, the gambling company was fined approximately $1.9 thousand.
In addition, the company was deprived of its license to operate in the field of gambling.
The betting operator quickly responded to the regulator’s decision by publishing information about the termination of the license on its website and suspending the possibility of betting.
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