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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 […]
Industry
May 28, 2024
Court Revokes Spelinspektionen’s Cease Order against Zimpler
Zimpler, a provider of payment solutions, has successfully appealed an order from the Swedish regulator (Spelinspektionen) to stop providing its BankID services to unlicensed companies. The development follows an order issued in 2023. On July 6, 2023, the Spelinspektionen ordered Zimpler to cease providing BankID payment service solutions to gambling companies that are not licensed […]
Industry
May 28, 2024
Swedish Gambling Authority Fines Hacksaw and Panda Bluemoon
The authority that ensures the legality, safety, and reliability of the Swedish gaming and gambling market, the Swedish Gambling Authority (SGA), has issued a series of warnings and penalties to Hacksaw Studios and Panda Bluemoon for offering online games to unlicensed operators. SGA Deems Hacksaw’s Processes “Inadequate” Hacksaw has been slapped with a SEK2.6 million […]
Business
May 28, 2024
Swedish Court of Appeal Lowers Sanction against Kindred from 2020
One of the largest iGaming operators across the globe, Kindred Group, secured a partial win in an ongoing dispute in Sweden over a sanction it received several years ago. On Monday, the Group confirmed the Administrative Court of Appeal in Jönköping reduced the penalty imposed against the company in 2020, which was SEK 100 million […]
Industry
May 22, 2024
Spelinspektionen Approves Ban on Credit Cards in Gambling
The Swedish Gambling Authority (Spelinspektionen) has published an official response to FI2024/00442, a government measure that would ban gambling on credit. The credit card ban has been discussed for several months now and is a measure that has the regulator’s backing. According to director general Camilla Rosenberg, the Spelinspektionen believes that the ban on gambling […]
Industry
May 22, 2024
Spelinspektionen Bans WiseAvant OÜ over Unlicensed Betting
The Swedish Gaming Authority (Spelinspektionen) has banned WiseAvant OÜ, which provided games of chance to Swedish customers without possessing the necessary license. This is notably the sixth unlicensed operator the authority has banned this year. According to the Spelinspektionen, WiseAvant OÜ’s website organized lotteries with video game skins. Skins gambling is a controversial emerging vertical […]
Business
May 7, 2024
End of an Era: Sweden Considers Discontinuing Casino Cosmopol
The Swedish government has proposed the discontinuation of Svenska Spel’s land-based business, Casino Cosmopol. According to a memorandum published on May 7, the casino brand is no longer capable of fulfilling its purpose. The government cited Casino Cosmopol’s financial challenges as part of the reason for the proposal. Swedish lawmakers also noted that the closure […]