Scandinavia

Sweden’s Konsumentverket Publishes Report on Loot Boxes and Other Gambling-like Features in Games

 The HALLO ECHO
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  The Swedish Consumer Agency Konsumentverket (KO) has published a report on loot boxes and other gambling-like features in games. The report states that loot boxes or other gambling-like features in games could be regulated under the Swedish Gambling Act (2018) when prizes from in-game features constitute money or money’s worth. If the in-game features…

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Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden

 The HALLO ECHO
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  Swedish gambling regulator Spelinspektionen has blocked the relaunch of Ninja Casino in Sweden. An application was submitted to Spelinspektionen following a license transfer by the owners of Ninja Casino to another company, who already had a license granted. However, following “serious violations” of gambling laws in Sweden, the regulator deemed it “highly inappropriate” that…

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Sweden’s Riksdag Amends Anti Money Laundering Measures

 The HALLO ECHO
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  Riksdag, the national legislature and the supreme decision-making body of Sweden, has made certain amendments to an Act on measures against money laundering and financing of terrorism. The new rules became effective on January 1, 2020. The Swedish gambling regulator Spelinspektionen said that it has decided to amend some provisions in the authority’s money…

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500.com Limited Malta-Based Subsidiary Temporarily Suspends Operations in Sweden

 The HALLO ECHO
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  500.com Limited, a leading online sports lottery service provider in China, today announced that the The Multi Group (“TMG”), a Malta-based subsidiary of the Company, has temporarily suspended its operations in Sweden as TMG did not complete the eGaming license renewal before its expiration. TMG is in close communication with Sweden’s eGaming regulatory authority…

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Swedish Court Reduces Genesis and Aspire Global Penalty Fees

 The HALLO ECHO
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  Sweden’s Administrative Court has ruled that the penalty fees issued to Genesis Global and Aspire Global for breaching self-exclusion regulations should be reduced. Spelinspektionen, the gambling regulator in Sweden, ordered Genesis to pay a penalty of SEK4m (€382,757) in March, while Aspire was issued a penalty of SEK3m in April related to its AG…

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Norway’s Lotteritilsynet Confirms Payment Ban Amendments

 The HALLO ECHO
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  Lotteritilsynet, the gambling regulator of Norway, has confirmed that the amendments to the payments ban will come into effect on January 1, 2020. A ban on payments to unlicensed gambling operators was introduced in 2010, but Lotteritilsynet has estimated that approximately NOK6bn ($659.9m) is still spent each year with such companies. The regulator said…

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