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Swedish Regulator Penalized Four Casinos by €17.5M

17 February 2021, 16:10
Votes: 1

Breaking of the bonus rules led to the multi-million penalties for Swedish online casinos. Four digital operators have to pay about €17.5 million fees in total while also were warned not to repeat the mistake. The LoginCasino team follows the most actual casino news, now explaining an interesting case from Sweden.

Swedish Regulator Penalized Four Casinos by €17.5M

The website of the Spelinspectionen (Swedish Gaming Inspectorate) published an interesting case related to the applied penalties towards online casino operators. Thus, four licensed establishments were accused of breaking the bonus offer rules and fined totally by €17.5M.

According to the Spelinspecionen report, companies were breaking the duty not to create additional opportunities for vulnerable players. Moreover, the governing body admitted the repeated occasions but called them not so serious to revoke the license.

How are fines formed in the Swedish gambling sector?

The procedure of forming the punishment for law-violators is quite simple and stated in the 15th section of the local Gaming Act. Except for the license revoke, casino operators can be fined up to 10% of the annual turnover but not less than €500.

Penalties were distributed according to the frequency of the violations, so the operators receive fees accordingly:

  • Casinostugan Ltd - €2.5M;
  • ComeOn Sweden Ltd - €3.5M;
  • Hajper Ltd - €5M;
  • Faster Ltd - €6.5M.

Read more: Can the punter be identified while playing in the Bitcoin casino?

Read more: How protected is the online casino with the PayPal system?


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