The Gibraltar-based company was found to be providing online sports betting, roulette, blackjack and poker with a focus on the Dutch market, where internet gaming remains illegal.
The operator's use of a Dutch payment method reinforced the regulator's case against it. ElectraWorks runs the operational activities of GVC Holdings-owned Bwin.
Further evidence includes the use of Dutch language and the .nl website extension.
The Remote Gambling Act will, most likely, make online gambling legal from 1 January 2021, with operators only becoming licensed after meeting strict conditions, according to the KSA.
The Senate passed the Remote Gambling Bill in February and applications for licenses to operate in the Dutch online market could be made available on 1 July 2020.
The KSA recently invited operators to state their intent to enter the market and apply for licenses.
It anticipates roughly 90 licenses will be issued for online gambling. This, the KSA said, is based on interest registration and experiences abroad.
