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Industry
September 2, 2021
Sweden: Online Gambling Drove Q2 2021 Industry Growth
Online gambling in Sweden fueled second quarter double-digit growth in the country, which has its land-based gaming facilities almost completely taken off the country’s gambling map. Growth Driven by Online Gambling The Swedish gambling market registered for the three months ended June 30, 2021 SEK6.5 billion ($780 million) in revenue, up 4.7% on the SEK6.2 […]
Legal
July 1, 2021
Swedish Watchdog Warns ATG and Polar Over Betting Violations
Sweden’s gambling inspectorate has issued official warnings against sports betting operators ATG and Polar Limited for failure to comply with the country’s sports betting laws. Although Minor, the Breaches Are Not Excusable, Spelinspektionen Says Swedish state-owned racing operator AB Trav Galopp (ATG) and Polar Limited, the operating firm of Coolbet.com, have received a warning from […]
Legal
June 4, 2021
Court of Appeals Ruling Reduced Sanctions for Genesis and Aspire
Penalties dished to Genesis Global and Aspire Global by Swedish gambling regulator Spelinspektionen for failing to comply with self-exclusion requirements were reduced by Sweden’s Court of Appeals. Self-Exclusion Failings Can Be Costly The Swedish gambling regulatory body sanctioned Genesis Global in March 2019 and Aspire Global in April the same year, SEK4 million ($480,000) and […]
Legal
March 19, 2021
Spelinspektionen Orders Bayton to Improve KYC Procedures
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 […]
Legal
March 10, 2021
More Than 700 Money Laundering Reports Filed in Sweden in 2020
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 […]
Industry
March 2, 2021
Swedish Regulated Gaming Market Doesn’t Mark Growth in 2020
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 […]
Legal
February 17, 2021
4 Operators Hit by Spelinspektionen with Penalties for Bonus Violations
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 […]
Legal
February 7, 2021
Swedish Watchdog Says Operators Need to Share More about Gambling Risks
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, […]
Business
December 24, 2020
Enlabs Revokes Swedish iGaming and Betting Licenses
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 […]
Industry
December 23, 2020
Swedish Regulator Orders Skill On Net to Improve KYC Processes
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 […]