Norwegian regulator Lotteritilsynet has warned Kindred Group it will receive a compulsory fine of up to NOK437m ($42.7m) within a year if it does not cease what it views as illegal online gambling operations in the country.

Lotteritilsynet will impose a fine of NOK1.198m every day that Kindred’s Trannel subsidiary does not withdraw from Norway.

The daily fine will come into effect three weeks after the day that Lotteritilsynet decided to implement the fine. That decision came on 14 September this year, after it previously warned the operator it would issue fines if it did not exit the market.

These fines will only stop when the amount owed reaches Trannel’s annual gross profit, which the regulator estimated to be approximately NOK437m, or when the operator withdraws from the country.