By Julie Moraine

Legal

Spelinspektionen Orders Bayton to Improve KYC Procedures

March 19, 2021

A gaming company holding an online license in Sweden was instructed by the regulatory body to beef up its Know-Your-Customer (KYC) procedures to ensure effective customer identification. Proof of Address Issues Bayton Limited, a Malta-based gaming operator, running Jackpot City Casino, Ruby Fortune and Spin Casino brands, was found by Spelinspektionen, the gaming regulator in […]

By Jerome García

Legal

More Than 700 Money Laundering Reports Filed in Sweden in 2020

March 10, 2021

The Swedish regulator has announced that the Financial Police in the country received more than 700 suspected money laundering reports in 2020. Compared to 2019, this represents an increase of nearly 15% in reported suspected money laundering cases. 700 Suspected Money Laundering Reports Filed in 2020 Swedish regulator, Spelinspektionen, has announced the number of suspected […]

By Jerome García

Industry

Swedish Regulated Gaming Market Doesn’t Mark Growth in 2020

March 2, 2021

According to recent data by the Swedish gambling authority, in 2020, licensed gambling operators generated net sales of SEK24.7 billion. This result marks a decrease of 0.4% when compared to the figures for 2019.   Spelinspektionen Reveals Data for Net Sales of Licensed Operators in 2020 In 2020, licensed gambling operators in Sweden generated net […]

By Eva Ivanova

Legal

4 Operators Hit by Spelinspektionen with Penalties for Bonus Violations

February 17, 2021

Four operators in Sweden received penalty fees and warnings from the country’s gambling regulator, Spelinspektionen, for their bonus violations. The Penalty Fees Depend on the Violation and the Operator’s Turnover The Swedish gambling regulator, Spelinspektionen, issued penalty fees and warnings to Snabbare Ltd, ComeOn Sweden, Casinostugan, and Hajper Ltd. The size of the fees depended […]

By Jerome García

Legal

Swedish Watchdog Says Operators Need to Share More about Gambling Risks

February 7, 2021

The Swedish regulator published the results of a recent follow-up survey on licensees’ information responsibilities.  Although the regulator acknowledged that some improvement was made, it still found major shortcomings regarding the information on gambling-related risks which licensed operators need to share with their customers. Spelinspektionen Reveals Results of Survey on Licensees’ Information Responsibilities Sweden’s regulator, […]

By Mathilde Adam

Business

Enlabs Revokes Swedish iGaming and Betting Licenses

December 24, 2020

Enlabs announced via its Optibet brand the sale of its Swedish online gaming and sports betting licenses and a strong comeback next summer. Enlabs Voluntarily Drops Swedish Licenses iGaming and sports betting operator Enlabs has revoked its Swedish licenses to focus on the development of its proprietary technology platform. The company has vowed to return […]

By Mathilde Adam

Industry

Swedish Regulator Orders Skill On Net to Improve KYC Processes

December 23, 2020

Swedish regulator Spelinspektionen has ordered Skill On Net to improve its KYC processes preventing non-residents to register for iGaming and betting in Sweden. Skill On Net To Submit Report by March 1, 2021 The Swedish Gambling Authority, Spelinspektionen, has ordered iGaming operator Skill On Net has to improve its know your customer (KYC) processes to […]

By Fiona Simmons

Legal

Swedish Regulator Fines Spooniker and ATG Over Deposit Gap

December 9, 2020

Sweden’s regulator Spelinspektionen has ruled that Spooniker and ATG have breached the temporary player protection restrictions applied since the start of the pandemic. The decision says both online gambling regulators have failed to close a loophole allowing players to deposit money over the SEK5,000 online gaming limit. Players Used a Loophole to Play With Full […]

By Fiona Simmons

Casino

Sweden Slowly Assessing Covid-19 Impact on Problem Gambling

July 20, 2020

The Swedish gambling regulator has warned that exact data as to whether COVID-19 has led to deepening or lessening on problem gambling would be known at the end of 2020 or the first half of 2021. Spelinspektionen Cautions That Data Will Be Slow The Swedish gaming regulator, Spelinspektionen, has released a new report in which […]

By Fiona Simmons

Legal

Swedish Gambling Industry Calls for Clarity of Depositing Limits

July 14, 2020

Two weeks after the special pandemic gambling measures have been implemented, the Swedish gambling industry is asking the country’s regulator to clarify on how to best implement the new regulatory requirements. Gaming Industry in Sweden Calls for Clarity on Depositing Limits With the roll-out of new gambling measures designed to protect consumers during the novel […]