Tag Archives: Spelinspektionen

Spelinspektionen fines Svenska Spel £7.5m over player protection gaps

SBC News Spelinspektionen fines Svenska Spel £7.5m over player protection gaps

In a somewhat surprising development, the Swedish government has fined itself, with the country’s s gambling authority Spelinspektionen issuing a SEK100m (£7.5m) penalty to Svenska Spel – the operator wholly owned by Sweden.  According to the indictment, the penalty relates to breaches of the Gambling Act part of Sweden’s re-regulation in 2019. More particularly, the operator has apparently failed to …

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Yggdrasil settles €30k fine for Swedish B2B infringements

SBC News Yggdrasil settles €30k fine for Swedish B2B infringements

Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a warning and a penalty fee of SEK 300,000 (€26,000) to Yggdrasil Gaming for non-compliance with regulations related to licensed supplier services/authorisations. The regulator has stated that, through its investigations into unlicensed gaming websites on January 16, 2024, it determined that Yggdrasil had provided gaming software to an operator who didn’t have the necessary Swedish licence to …

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Spelinspektionen evaluates potential increase of authority access to account information

Sweden

As part of a new government mandate, Sweden’s gambling authority Spelinspektionen  has been given the task to analyse in detail the risks of gambling accounts being used for money laundering and other criminal practices.  Following the review, the Gambling Inspectorate will then draft proposals based on the country’s socio-economic landscape if there is a need to further strengthen Sweden’s regulatory …

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Spelinspektionen & UKGC deepen market intelligence collaboration

SBC News Spelinspektionen & UKGC deepen market intelligence collaboration

Swedish gambling authority Spelinspektionen‘s industry seminar held at the Vasateatern in Stockholm has concluded with a renewed collaboration between Sweden and the UK.  Continuing their partnership which was first instigated in November 2019, Spelinspektionen and the UK Gambling Commission (UKGC) will maintain a close partnership for the exchange of information between the authorities.  The renewal was co-signed by UKGC’s Deputy …

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Underperforming Casino Cosmopol fails to take Sweden over GGR target line

SBC News Underperforming Casino Cosmopol fails to take Sweden over GGR target line

Spelinspektionen, Sweden’s Gambling Inspectorate, has released its annual report on total gambling turnover for the year ending December 2023.  According to the numbers, Swedish licence holders managed to accumulate a gross gambling revenue (GGR) of SEK 27.1bn (€2.5bn) from the local market, which constitutes a 1% YoY decrease.  State casino turnover, mainly driven by the state-owned Svenska Spel’s Casino Cosmopol, …

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Spelinspektionen strengthens online gambling safety with two bans

swedish law kindred

Sweden’s gambling regulator Spelinspektionen has issued bans to two operators for unlicensed activity in the country. The two companies in question – True Polygon Entertainment Limited and Smein Hosting NV – have been accused of providing unobstructed access to gambling on their main and affiliate websites (CSGOBIG, Gamdom) without having the required licence to do so.  These are the first …

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Spelinspektionen and IBIA broker sports betting integrity pact 

SBC News Spelinspektionen and IBIA broker sports betting integrity pact 

The Swedish Gambling Authority (SGA), Spelinspektionen, has entered a Memorandum of Understanding (MoU) with the International Betting Integrity Association (IBIA) to facilitate better sports betting integrity across the sector.  Both parties will now exchange information on identified suspicious betting activity, with IBIA representing the majority of the betting market licensed under the SGA. Khalid Ali, IBIA CEO, said: “IBIA is …

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Spelinspektionen reveals strong gambling market awareness among Swedish players

Sweden

A new ‘Research Factory’ report commissioned by Spelinspektionen, Sweden’s gambling regulator, has informed readers that the Scandinavian nation’s gambling habits remain on par with its strengthened consumer protection goals.  The quantitative study was conducted in November 2023 and reflects on the previous 12 months, collecting data from a pool of 1,538 anonymous Swedish residents aged over 18 contacted by phone, …

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Riksdag obtains bill to correct Sweden Gambling Act protections in 2024

Sweden

Sweden will implement its new online gambling amendments from 1 April 2024, strengthening consumer protections and increasing fines for AML infringements. During end-of-year proceedings, the government consolidated all gambling amendments into a specific bill, which was then submitted to the Riksdag (Parliament) for legislative authorization. The bill’s agreed amendments correspond to increasing consumer protections, imposing written requirements for telephone sales, …

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Spelinspektionen holds no opinion on Swedish gambling tax rises 

SBC News Spelinspektionen holds no opinion on Swedish gambling tax rises 

Spelinspektionen, Sweden’s Gambling Inspectorate, holds ‘no significant opinion’ on the 2024 Budget proposals to increase taxes on the gambling sector. As announced by the memorandum of the Budget 2024, in the Spring of 2024 the Riksdag will debate increasing the gambling tax rate from 18 to 22% of gross gambling revenues (GGR). Should the proposal be approved, the 22% GGR …

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