Scandinavia

spelinspektionen-gains-approval-to-increase-swedish-gambling-fines

Spelinspektionen Gains Approval to Increase Swedish Gambling Fines

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Reading Time: 2 minutes   Spelinspektionen has welcomed new changes to Sweden’s Money Laundering Act that will allow the gambling inspectorate to increase financial penalties on gambling-related fines/infringements. The decision was approved by Finansdepartementet, Sweden’s Ministry of Finance, which will allow the inspectorate to increase penalty fees for gambling operators violating AML rules from 1…

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CreedRoomz Gains Danish Licence for Live Casino Games

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Reading Time: < 1 minute   CreedRoomz, a prominent player in the realm of live casino solutions, is delighted to announce its successful acquisition of a Danish licence for live casino operations. This pivotal step not only expands CreedRoomz’s European footprint but also aligns with its commitment to upholding stringent regulatory standards and delivering superior…

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Ela Games Approved for B2B Sweden License

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Reading Time: < 1 minute   ELA Games, a leading casino games provider to the regulated online gambling industry, is delighted to announce that it has been granted a B2B license in the key strategic market of Sweden. Getting licensed by the Swedish Gambling Authority is another important stage in ELA Games’ strategic expansion across…

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EGBA Welcomes Plans for Overhaul of Finland’s Online Gambling Monopoly

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Reading Time: 2 minutes   The Ministry of the Interior in Finland has announced a legislative project to reform the country’s gambling monopoly system by introducing a license system for online gambling, including casino games and betting activities. EGBA, representing Europe’s leading online gambling companies, has welcomed this announcement as a crucial milestone in addressing…

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BOS Welcomes Tightened Rules for Granting Credit and Introduction of Swedish Debt Register

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Reading Time: < 1 minutes   The Swedish Trade Association for Online Gambling (BOS) has submitted its reply to the Ministry of Justice on the inquiry “Strengthened consumer protection against risky lending and over-indebtedness” (SOU 2023:38). In the inquiry, a stricter regulatory framework is proposed with a ban on third parties promoting the granting of…

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Spillemyndigheden: The Player ID’s Impact on Land-based Betting Operators and Their AML Obligations

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Reading Time: < 1 minutes   On 1 October 2023, Spillemyndigheden made it a requirement for land-based operators to identify all customers before bets can be purchased, with customers also issued a Player ID to which their account is linked. The regulator said the new rule “impacts the gambling operators’ business model” and has subsequently…

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