LeoVegas AB has written an open letter to the Swedish gaming inspectorate Spelinspektionen, urging it to clarify its interpretation of the new deposit limit. The letter follows on from disparities in the interpretation of new regulations introduced by the Minister of Health Ardalan Shekarabi which outline new deposit and stake limits for the duration of 2020. In the letter, LeoVegas …
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The Swedish Gambling Authority, Spelinspektionen, has issued guidance for licence holders which outlines ‘common risks’ and examples of how online games can be used for money laundering and terrorist financing. Spelinspektionen also included some of its own observations on the actions that operators have previously taken to combat money laundering, emphasising that operators must assign customers a risk level when …
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Golden Race has received the certification to distribute its complete suite of virtual sports products including races, football leagues and tournaments to licensed operators in Sweden. The certification has been issued by Quinel – an internationally accredited testing lab and inspection body – in accordance with the Swedish Gambling Authority standards and regulations, reinforcing the quality and reliability of Golden …
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Pinnacle has relaunched its low margin bookmaker services for the re-regulated Swedish online gambling marketplace, ending its two-year hiatus. Coinciding with last weekend’s start of the delayed Allsvenskan Swedish football season (14 June), Pinnacle arrived with a “full array of markets”. Recognised as one of the industry’s oldest online sportsbooks (founded in 1998), Pinnacle had secured its Spelinspektionen sports betting …
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The Swedish gambling regulator, Spelinspektionen, has revealed a new marketing strategy which will see it promote the Spelpaus.se self-exclusion scheme. The new campaign comes after the regulator revealed that only ‘half of all players’ know about the self-exclusion scheme that went live on the opening of the Swedish market in 2019. “After just under a year, half of all players …
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Stockholm-listed Betsson AB will appeal its SEK20m (€2m) penalty issued by Spelinspektionen for the sale of games through ‘unregistered agents’ and the use of unauthorised bonus incentives. Responding to the penalty notice, Betsson emphasised that ‘the warning, the sanction and the hefty sanction fee come as a surprise’, and will be appealed. The group commented in a media release: “The …
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Kindred Group has issued a public statement lambasting Swedish gambling inspectorate Spelinspektionen‘s management of the country’s re-regulated online gambling marketplace. Operating as Sweden’s largest licensed online gambling incumbent, Kindred said that inefficient measures implemented by Spelinspektionen have scuppered the regulated market’s objective of securing 90% channelisation by 2022. Kindred issued its rebuke of Spelinspektionen as the Swedish government moves to …
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Spelinspektionen has issued a warning and SEK20m (€2m) penalty fee to Betsson Nordic for the sale of games through an unregistered agent and the use of an unauthorised bonus offer. Betsson was found to be allowing customers to fund their accounts through retail vouchers, while the regulator also ruled that a Betsson-branded Mastercard was offering players illegal bonuses. The online …
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Swedish gambling inspectorate Spelinspektionen has warned the government that it may be difficult to meet the 2 July deadline to implement deposit limits. Last month, Minister of Health Ardalan Shekarabi submitted proposals for a weekly deposit limit of SEK5,000 as well as a SEK100 limit on welcome bonuses – a directive that has been widely criticised by both industry leadership …
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A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …
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