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Swedish regulator, Spelinspektionen, have recently acted against four operators for violating their license agreement with regards to anti-bonusing regulations.
Sample reviews of player accounts have found that bonus funds, free spins and free bets had been repeatedly issued while per the regulations, gaming-operators are only allowed to issue their players a single bonus upon sign-up.
All four of the operators fined on this occasion are part of the ComeOn Group and the fines are based on the seriousness and duration of the violation with the operator turnover taken into consideration: Casinostugan Ltd – SEK25m/€2,5m; ComeOn Sweden Ltd – SEK35m/€3,5m; Hajper Ltd – SEK 50m/ €5m; Faster Ltd – SEK 65m/€6,5m.
In their statement, Spelinspektionen add to the matter that such violations can lead to operators losing their gaming license.
It is not the first time that Spelinspektionen are following through on gaming-operators violating the license agreement.
Since Sweden launched its regulatory market in January 2019, Betway and Mandalorian Technologies have been issued fines of SEK5m and SEK9m respectively. More recently, Betsson subsidiary NGG Nordic’s NordicBet received a stern warning with a fine of SEK19m while SkillOnNet, operating multiple brands, were fined SEK14m.
Over a hundred companies are currently in possession of a Spelinspektionen regulatory license which allows them to legally operate in Sweden.