Scandinavia

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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Finnplay Group Acquires DGA Online Casino Licence

 The HALLO ECHO
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  Finnplay, the Nordic-based iGaming platform provider and gaming group announced that Danish Gambling Authority, Spillemyndigheden awarded them with the DGA Online Casino licence. This latest development continues Finnplay’s string of recent successes in its licence portfolio having earned an MGA Type 2 licence in November and a successful extending its Swedish Casino Licence in…

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Videoslots awarded full five-year Swedish licence following appeal

 The HALLO ECHO
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  Leading online casino Videoslots.com has received a significant regulatory boost with the Swedish Gaming Authority (Spelinspektionen) accepting its Swedish licence will be valid until 2023. The operator was originally awarded a two-year licence in December last year and appealed this decision. Having won the appeal means it can continue to offer its portfolio of…

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