Tag Archives: Sweden

William Hill disappointed by Mr Green’s costly Swedish AML gaps

SBC News William Hill disappointed by Mr Green’s costly Swedish AML gaps

William Hill has issued a response to the AML failings of Mr Green, its flagship European online gambling subsidiary, which was fined SEK 30 million (€3.1m) by Spelinspektionen – Sweden’s gambling inspectorate.  Yesterday, Spelinspektionen published its casework on Mr Green, outlining multiple AML compliance and duty of customer care failures identified between 1 January 2019 to 1 June 2020. The …

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Spelinspektionen fines Mr Green €3m for AML neglect 

SBC News Spelinspektionen fines Mr Green €3m for AML neglect 

Sweden’s gambling inspectorate Spelinspektionen has fined Mr Green penalties totalling SEK 31.5 million (€3m) after citing that the William Hill subsidiary had failed to match its AML and customer care duties.  Providing an overview of its assessment, Spelinspektionen fined Mr Green SEK 1.5 million (€140,000) for failing to maintain its customer reporting duties as a requirement of the ‘Money Laundering …

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ATG Live gets Allente push ahead of winter makeover 

SBC News ATG Live gets Allente push ahead of winter makeover 

AB Trav och Galopp (ATG) has agreed to broadcast its live ‘ATG Live’ channel on Scandinavian pay-TV platform Allente.  From 16 August, live racing and trotting fixtures from ATG syndicated racetracks will be broadcast on channel 23 of the Allente platform, made available to all free-view Scandinavian audiences. ATG Live will continue to be produced by broadcast partner Kanal75, delivering …

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Swedish addiction support charity calls for quick loans intervention 

SBC News Swedish addiction support charity calls for quick loans intervention 

Spelberoendegruppen, Sweden’s non-profit organisation providing gambling addiction support services, has urged the government to implement ‘wider safeguards’ to protect national consumers from further gambling risks.  The call was led by Spelberoendegruppen Chairman Omid Rezvani, speaking to public broadcaster Sveriges Television (SVT), in which he relayed the charity’s concerns with regards to ‘the marketing of online slots’ and that addicts could …

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Svenska Spel maintains stable H1 ahead of full unit comeback

SBC News Svenska Spel maintains stable H1 ahead of full unit comeback

Svenska Spel has recorded positive Q2 trading, as Sweden’s state-owned gambling operator prepares to reopen all Casino Cosmopol and Vegas arcade venues from lockdown.  Buoyed by strong sports betting activity (+106%), Q2 trading saw Svenska Spel register group net revenues of SEK 1,94 billion (€188m), up 18% on corresponding 2020 results of SEK 1.64 billion – a period heavily disrupted …

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ATG Sweden ends foreign player registrations 

SBC News ATG Sweden ends foreign player registrations 

AB Trav och Galopp (ATG), the operating company of Swedish licensed horse racing and trotting venues, has confirmed that it will no longer accept customer registrations from foreign/non-nationals. Following 2019’s implementation of new rules applied by Swedish gambling’s new regulatory regime, ATG venues have been forced to register all players wagering at its venues. In the wake of an internal …

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Spelinspektionen reiterates its sportsbook warning on in-play markets

SBC News 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

SBC News 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

SBC News 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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