Scandinavia

Swedish Government may Implement New Restrictions on Loot Boxes

The HALLO ECHO

  Swedish Consumer Agency Konsumentverket has submitted a report that warned of the video game feature’s potential risks for children and the vulnerable to the country’s Gaming Market Commission Spelmarknadsutredningen. The report compiles a series of recommendations for reducing the negative effects of gambling in the country. In its report, the Konsumentverket acknowledged that many…

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Spelinspektionen to Launch New AML Reporting System

The HALLO ECHO

  Spelinspektionen, the Swedish gambling regulator, is going to launch a new system for licensed operators to report suspected money laundering and terrorist financing. Scheduled to launch on January 13, 2020, the goAML platform will increase the quality of reports filed with the police. The goAML platform will open for registration on December 9 and…

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LeoVegas swedish gaming license extended to five years

The HALLO ECHO

  On January 1 this year, Sweden introduced a licensing system with the possibility for gaming companies to obtain a license for up to five years. LeoVegas was among the first to have its licence approved, however, only for a two-year licence. The decision to grant a two-year gaming license has now been reconsidered with…

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Tom Horn Gaming secures approval to supply its content in Sweden

The HALLO ECHO

  Tom Horn Gaming, an igaming software supplier headquartered in Malta, has received a regulatory nod to start supplying its content to operators in Sweden. Recently, the provider has been steadily progressing its expansion plans to increase its presence in regulated markets and reach out to more customers. Tom Horn already has a number of…

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Swedish Court Reduces Casino Cosmopol’s AML Penalty

The HALLO ECHO

  Sweden’s Administrative Court has reduced the penalty issued to Casino Cosmopol in 2018 from SEK8m to SEK3m. The fine was issued by Lotteriinspektionen in relation to systematic deficiencies in Casino Cosmopol’s policies related to money laundering and terrorist financing in November 2018. Casino Cosmopol submitted an appeal against this in December 2018, which was…

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LeoVegas Wins Swedish Online Gambling License Extension

The HALLO ECHO

  LeoVegas has won the court battle against the Swedish regulator’s decision to issue a two-year gaming license rather than the standard five-year term. In November 2018, LeoVegas was among the first online gambling operators to be issued a license to operate in Sweden’s new regulated market, which took effect in January. But while the…

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