SBC News Voice of the Sports Betting Industry
The Swedish Gambling Authority, Spelinspektionen, has launched a probe into online gaming provider Kanon Gaming Limited over record filing shortcomings.
Investigative efforts will focus on assessing whether the company’s losses disclosure procedure falls in line with Sweden’s Gambling Act.
Kanon Gaming Limited currently operates licensed websites casinoepic.se, casinogami.se, frejacasino.se, and lokecasino.se.
There have also been reports of insufficient player protection measures in place, and alleged cases where the company has failed to intervene to prevent customers exhibiting risky behaviour from gambling.
Additionally, according to the regulator, no distinctions exist between the age groups of Kanon customers, essentially catering to those over the age of 24 in the same way as to those between 18 and 24 – a group that previous research has found to be more prone to harms from problem gambling.
If found to be in breach of regulations, Kanon is facing a penalty of up to SEK 7m (£530k).
There is currently a high number of players among the Swedish population, with 75% of the respondents from a study by Spelinspektionen revealing they’ve gambled at least once in the past year.
However, the percentage of people possessing solid knowledge of the available gambling harm prevention tools in Sweden is almost as high, currently standing at 65%.
The majority of Swedish players (69%) are also satisfied with the measures that licensed gambling operators are currently applying to reduce gambling harm rates.
