Industry
June 27, 2024
Spelinspektionen Issues Fine and Warning against Folkspel
Sweden’s gambling regulator, Spelinspektionen, constantly monitors the activity of licensed operators in the country, ensuring their compliance with the established regulatory framework. The gambling watchdog leverages a proactive approach and not only monitors the legal sector but also combats illegal gambling activities. Breaches of the established gambling regulations can be subject to a wide range […]
Industry
June 25, 2024
Kanon Gaming Receives $666K Fine from Spelinspektionen in Sweden
Across Europe, licensed gambling service providers are subject to a range of regulations. This includes strict rules related to duty of care, anti-money laundering and counter-terrorism financing, among other important regulations the operators need to comply with. In case of breaches, penalties such as fines and even license revocation are possible. A recent case related […]
Industry
June 21, 2024
Spelinspektionen Bans MRSL over Unlicensed Gambling
The Swedish Gaming Authority (Spelinspektionen) has issued yet another ban, this time against MRSL NV. The decision came after the authority understood that the company, through its MrSloty.com brand, targeted the Swedish market without possessing the necessary license. The Spelinspektionen investigated the matter and, after evaluating the available information, learned that MRSL’s gambling website contained […]
Industry
June 19, 2024
bet365’s Swedish Subsidiaries Have Fines Cut by Administrative Court
Leading global betting brand founded in 2000, bet365, had two of its Sweden-based subsidiaries fined a total of SEK79 million ($7.7 million) in 2023. Following their appeal, the Administrative Court of Linköping decided to reduce the total fine to SEK44 million ($4.2 million) despite opposition from the Swedish Gambling Authority (SGA). SGA Punished Hillside (Gaming) […]
Industry
June 19, 2024
Svenska Spel to Publish Healthy Revenues Report
Svenska Spel, Sweden’s state-owned operator, announced its intention to start reporting how “healthy” its revenues are. Mirroring Kindred’s Journey Towards Zero reports, the initiative will see the Swedish operator disclose what portion of its revenues come from low-risk customers. According to Svenska Spel’s announcement, the first report of this kind will be published at the […]
Industry
June 19, 2024
Spelinspektionen Bans Four Operators, Including Two Skins Gambling Sites
The Swedish Gaming Authority (Spelinspektionen) announced that it has banned an additional four online gambling operators. According to the regulator’s announcement, the four companies in question provided games to consumers in Sweden despite lacking the necessary licenses. In its official statement, the Spelinspektionen confirmed that the four iGaming companies it has taken action against include […]
Industry
June 4, 2024
Sweden’s Regulator Launches Campaign Aimed at Young Adults
On 3 June, the Swedish Gambling Authority (Spelinspektionen) unveiled its latest initiative, “With Your Future at Stake,” a campaign designed to address the growing issue of gambling harm among young adults aged 18-25. The campaign aims to raise awareness about the consequences of unhealthy and risky gambling behaviors, channel users toward regulated offerings, and inform […]
Industry
May 31, 2024
Swedish Court Lowers Sanction Levied against Mr Green
Sweden’s gambling regulator, the Spelinspektionen, announced that the Court of Appeal has lowered the sanction levied against Mr Green. The gambling operator was fined over anti-money laundering and social responsibility failings. The Spelinspektionen originally issued a penalty fee of SEK 1.5 million ($140,000) to Mr Green. The fine was handed to the gambling operator in […]
Industry
May 29, 2024
bet365 and SGA Have Appeals Over 2021 Penalty Fee Rejected
Leading global betting brand founded in 2000, bet365, and the Swedish Gaming Authority (SGA) have had their appeals on a dispute originating in 2021 rejected by a Court of Appeal in Jönköping. Backstory On March 28, 2020, the sports betting brand that currently employs 7,000+ people and counts more than 90 million customers worldwide provided […]
Industry
May 29, 2024
Sweden: BOS Warns Tax Increase May Link to Rise in Problem Gambling
Ahead of the increase in the gambling tax rate in Sweden, a new report highlighted the potential negative impact of the change. The current tax rate of 18% is expected to increase to 22% for Swedish gambling operators effective from July 1, 2024. This change is expected to bring additional tax revenue but along with […]
