Business , EMEA , Legislation , Regulation
November 5, 2023

Videoslots Hit with Fine Over AML Lapses by Swedish Regulator

In a decisive move, Sweden’s Spelinspektionen levies a substantial fine on Videoslots for non-compliance with stringent AML directives. As the regulatory magnifying glass scrutinizes the operator’s customer interactions, revelations of significant discrepancies in due diligence emerge, bringing AML practices to the limelight. While facing financial repercussions, Videoslots is recognized for its concerted improvements, reflecting a […]

Business , EMEA , Finance , Legal
July 10, 2023

Zimpler receives caution from Swedish gambling regulator regarding payments to unlicensed operators

Spelinspektionen has warned Zimpler that it could impose a fine of up to €2.2 million if it fails to comply with the order to cease processing payments for unlicensed online gambling operators. According to Spelinspektionen, Zimpler, authorized by the Swedish finance watchdog, Finansinspektionen, has been violating regulations by allowing transactions through the national banking electronic […]

Business , EMEA , iGaming , Legal
July 4, 2023

Swedish Court Overturns SEK6m Fine Against ATG for AML Deficiencies

The Administrative Court in Linköping has ruled in favor of AB Travoch Galopp (ATG), overturning a SEK6 million (€500,000) fine imposed by the Swedish gambling regulator, Spelinspektionen. The fine was originally issued due to anti-money laundering (AML) deficiencies discovered between 2019 and 2021. While the court acknowledged ATG’s shortcomings in AML actions, it deemed the […]

Business , EMEA , iGaming , Legislation , Regulation
June 21, 2023

The Swedish gambling regulator appoints the leader of a newly established department

Kristina Geiger has been named as the head of the newly established operational support department at Spelinspektionen, the Swedish gambling regulator. This department has been introduced to enhance the regulatory functions of Spelinspektionen. Having served in various high-level management positions, Kristina Geiger has been appointed as the head of the newly established operational support department […]

Business , Casino , EMEA , iGaming , Legislation , Regulation
June 12, 2023

Kambi has been granted B2B licenses in Sweden

Kambi has successfully obtained B2B gambling licenses in Sweden from the country’s gambling regulatory body, Spelinspektionen. Kambi has successfully obtained B2B gambling licenses from the Swedish gambling regulator, Spelinspektionen, which will be valid from July 1, 2023, for a duration of five years. This development follows the recent acquisition of B2B licenses by other operators […]

Business , Casino , Finance , iGaming , Legislation , Regulation
May 16, 2023

Spelinspektionen granted with new powers

Sweden’s legislature has given its approval to the proposed new powers for the country’s gambling regulator, Spelinspektionen. The update to the Gambling Act will enhance the regulator’s capacity to effectively monitor and intervene in the operations of unlicensed online gambling operators. Starting from July 1, Spelinspektionen will implement a new measure allowing them to conduct […]

Business , EMEA , Legal , Legislation , Regulation
May 12, 2023

The ruling by a Swedish court has the potential to trigger a review of penalty fees related to gambling

The recent decision by the Supreme Administrative Court has the potential to allow gaming operators to recover penalty fees paid to Sweden’s regulator. Although the court upheld Spelinspektionen’s penalization of an online casino operator, it ordered a recalculation of the penalties. Genesis Global was initially fined SEK 4m (€360,000) by Spelinspektionen for failing to integrate […]

Business , EMEA , Finance , iGaming , Legal , Regulation
May 9, 2023

Spelinspektionen partners with financial watchdog to address unlawful gambling

In a bid to combat illegal gambling within the country, the national gambling regulatory body, Spelinspektionen, is set to enhance its partnership with the Financial Supervisory Authority (Finansinspektionen). The government is of the view that closer collaboration between the two entities would bolster oversight over gambling transactions. Earlier this year, the government acknowledged that Spelinspektionen […]

Business , EMEA , iGaming , Legislation , Regulation
May 5, 2023

Spelinspektionen and Finansinspektionen requested to collaborate closely

Sweden’s government has urged the Spelinspektionen, the country’s gambling regulator, to collaborate with the Financial Supervisory Authority (Finansinspektionen) to effectively combat illegal gambling. This move follows recent changes made to the Spelinspektionen’s powers. The government believes that closer coordination between the two regulators will help regulate financial transactions associated with gambling, allowing them to better […]

Business , EMEA , Legal , Regulation
April 28, 2023

Bet365 has been fined SEK79m over its failure to comply with Sweden’s regulations on responsible gambling

Bet365’s operator Hillside has been ordered by Swedish regulator Spelinspektionen to pay SEK79.0m in fines for failing to comply with responsible gambling regulations. The penalty includes SEK65.0m for Hillside Sports and SEK14.0m for Hillside Gaming, with both operations also receiving a warning from the regulator. According to Spelinspektionen, Bet365 failed to take adequate measures to […]