Tag Archives: Spelinspektionen

Sweden requires bigger regulatory objectives to balance gambling marketplace

A deep dive on the prospects and realities of Sweden’s regulated online gambling marketplace opened the ‘Key Markets’ track on day one of the CasinoBeats Summit Malta. “Three years on from its re-regulation in 2019, Swedish gambling has faced perhaps the toughest balancing act of any European marketplace in the context of its liberalisation and regulation.” This was an observation …

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Spelinspektionen reiterates its sportsbook warning on in-play markets

Spelinspektionen, Sweden’s gambling inspectorate, has warned licensed online sportsbook operators to closely follow and maintain its rules with regards to their in-play market offerings.  The notice follows official Spelinspektionen warnings to Swedish state-owned racing operator AB Trav Galopp (ATG) and Polar Limited, the operating firm of Coolbet.com for breaching Gaming Act provisions on sportsbook markets. During Q1 trading, ATG has …

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SPER publishes aligned framework on Swedish gambling’s terms and conditions

Spelbranschens Riksorganisation (SPER), Sweden’s independent online gambling trade association has published a ‘draft framework’ outlining best practices on consumer terms and conditions for its members to follow.  The advisory framework has been developed in response to criticism by Konsumentverket – Sweden’s Consumer Agency with regards to the unaligned standards of the Swedish regulated market’s terms and conditions. In response, SPER …

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Betway loses Spelinspektionen bonus penalty appeal

Betway has lost its appeal to dismiss-or-reduce its SEK 4.7 million (€460,000) fine issued by Swedish gambling inspectorate Spelinspektionen in relation to bonus violations sanctioned in 2019. The Court of Appeal of Jönköping sided with Spelinspektionen in its assessment that Betway had violated ‘Section 9’ of Sweden’s reformed Gaming Act by offering players ‘recurred bonus incentives’ for further deposits and …

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BOS welcomes Constitutional Committee criticism of gambling restrictions

Swedish gambling regulator BOS has called for the country’s government to end temporary restrictions on the gambling industry, following criticism of the constraints by the Constitutional Committee of the Riksdag. The temporary measures, aimed at ‘particularly risky forms of gambling’, first came into force on 2 July 2020. They have been extended several times and are currently set to run …

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Swedish regulator reports SEK 6.2bn in Q1 gambling sales

Swedish gambling inspectorate, Spelinspektionen, has reported that licensed gambling firms recorded total sales (player revenues minus winnings) of SEK 6.2 billion (€615m) during Q1 2021. The figure represents a 5% increase on corresponding Q1 2020 results, which saw Swedish licensed gambling sales total SEK 5.9 billion (€580m).  Monitoring 101 licensed incumbents, of which 71 are licensed for B2C betting and …

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KSA and UKGC agree to collaborate on regulatory best practices

Kansspelautoriteit (KSA), the Netherlands gambling regulatory authority, has entered a ‘cooperation agreement’ with the UK Gambling Commission (UKGC).  The regulators will work together ‘to better support their respective supervisory tasks’ by sharing general information and exchanging regulatory best practices on enforcement policies and licensing. Updating Dutch stakeholders, KSA chairman René Jansen stated that the organisations shared common goals in combating …

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LeoVegas to challenge Spelinspektionen ‘poor AML’ judgement

LeoVegas AB has launched an appeal against the SEK 2 million penalty (€200,000) issued by Swedish gambling inspectorate Spelinspektionen related to “shortcomings in the work against money laundering and terrorist financing”. Spelinspektionen communicated that LeoVegas had failed to comply in ensuring the risk-based AML safeguards of Sweden’s ‘Money Laundering Act’.  The penalty notice specified that LeoVegas had failed to ‘risk …

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Swedish regulator accepts proposals but maintains some objections

The Spelinspektionen, the Swedish Gambling Inspectorate, has accepted some proposals for further regulation of the country’s industry, but maintains objections to others. Notable recommendations made by the Swedish government’s ‘Gambling Market Inquiry’ in December 2020 included a tightening of advertisement regulations, including a call for a prohibition of advertising of casino games between 06:00 and 21:00. Coordinated by Social Democrat …

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bet365 issued SEK 1m penalty for taking bets on under-18 match 

Spelinspektionen has handed ‘Hillside Sports’ , the registered company of bet365 Sweden, a SEK 1 million (€95,00) penalty for taking bets on an under-18s football match. The sanction was issued in relation to a Sodra Västergötlands Fotbollförbund (Swedish southern district League) training match between Kronängs IF vs Mariedals IK which was played on 28 March 2020. Reviewing matchday line-ups, Spelinspektionen …

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