Compliance Updates
Swedish Regulator Penalises ATG and Spooniker Over Deposit Cap Loophole
Swedish Gambling Authority Spelinspektionen has fined both Kindred brand Spooniker and former racing monopoly AB Trav och Gallop (ATG) SEK1m a week after discovering a loophole that allowed customers to circumvent the country’s controversial deposit cap.
Both sanctions come from a July 2020 inspection in order to ensure that operators were complying with the country’s SEK5000 deposit cap for online casinos, implemented because of the Covid-19 pandemic.
Both operators were required to explain how they complied with the rule, and each said it made all players set a deposit limit as is required by Swedish law. Those with a limit of more than SEK5000 were only permitted to use the operator’s betting offering.
However, Spelinspektionen pointed out that a player could simply set a high limit, deposit more money and then lower their limit and play online casino games with more than SEK5000.
ATG said fewer than 100 players raised their deposit limit on its site, deposited more money and then lowered their limit again and said it contacts players who show signs of problem gambling. It added that those who repeatedly alter their limits in a manner that suggests they have a problem are blocked from playing.
Both operators also said that the rules concern deposit limits that must be in place for online casino players, rather than the size of the deposits currently in an account, so it argued its implementation of the rules was fair.
“To apply the provision in the way that Spelinspektionen has would be contrary to the principle of legality. ATG has implemented the provision in accordance with the wording and in accordance with the Government’s memorandum,” ATG said.
However, Spelinspektionen pointed to a line in the law that said operators must “ensure that the limit cannot be exceeded.” It said that licensees must ensure that players do not spend more than SEK5000 of weekly deposits on online casino games.
“If it turns out that a player through can add more than SEK 5000 per week for online gaming, e.g. by first putting in money under the pretense that they will be used for betting, but then making the money deposited available for online gaming, the licensee is not considered to act in accordance with the temporary regulation,” it said.
In addition, it noted that this loophole allowed players to spend up to SEK50,000 of new deposits in a week on online casino games.
“That fact that ATG has chosen to suspend a number of players who have bypassed the deposit limits in the manner described above do not change the Swedish Gaming Inspectorate’s assessment, but only reinforces the image that the way that ATG has chosen to manage the deposit limit does not fulfill its function,” it added.
Spelinspektionen ruled that the breach of the rules could neither be classed as serious – which could lead to a licence revocation – or trivial, which would allow just a fine to be applied.
It ordered both operators to close the loophole immediately and pay a fine of SEK1m for every week it remains open, starting three weeks from the publication of the ruling.
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Legendary studio’s games now live with Rush Street Interactive brand BetRivers in US state
Play’n GO, the world’s leading casino entertainment provider, has today announced the receipt of a sixth US state license, this time in the state of Delaware.
Having entered the US market in 2022, Play’n GO has gone live in West Virginia, New Jersey, Pennsylvania, Michigan, Connecticut, and now Delaware, where some classic Play’n GO titles, such as Piggy Blitz will now be available to BetRivers players in the state affectionately known as the First State.
Play’n GO added Pennsylvania and Connecticut to its list of regulated markets in 2024, and have a publicly stated goal of being active in every regulated market in the world, a goal that has seen the Swedish gaming giant release a portfolio of over 350 premium games in over 35 regulated markets to date.
Anna Mackney, US Head of Region at Play’n GO added “It’s fantastic to begin the year by adding yet another new regulated market in the US, this time in the shape of Delaware. Our expansion into the state marks yet another significant step in our US growth strategy. Play’n GO continues to lead the charge in regulated markets, and we are committed to delivering our premium content to players across the country.
“We’ve already established an excellent relationship with BetRivers across the United States and we are confident that our partnership will continue to be mutually beneficial to both businesses as we enter yet another new market together. US players have clearly demonstrated their demand for our games, and we will continue to deliver.”
The post Play’n GO announces Delaware license award appeared first on Gaming and Gambling Industry in the Americas.
Gambling law and regulation conference Regulating the Game has announced Donata Szabo, Regional Head of Licensing, Government & Regulatory Affairs – EMEA/APAC at Sportradar, as the third conference chair for its 2025 edition.
Szabo oversees regulatory and licensing efforts across the diverse EMEA/APAC regions at Sportradar, leveraging her global experience to offer insights into regulatory systems worldwide. “With a background in international and human rights law from the University of Cambridge, Donata’s unique blend of expertise will bring exceptional value to the conference,” organisers commented.
Szabo said: “I am pleased to be a part of Regulating the Game and contribute towards meaningful discussions on effective and innovative regulation as well as fostering global collaboration on safer gambling and regulatory excellence.”
Szabo joins the following line-up of conference chairs:
Dr Marla Royne Stafford, Professor of Marketing at the University of Nevada-Las Vegas and expert in responsible gambling was the first Conference Chair announced.
Andrew W Scott, Vice Chairman and CEO of Inside Asian Gaming, brings nearly four decades of expertise in the gaming industry and a wealth of knowledge about Asia-Pacific markets.
Donata will be providing insights into global regulatory challenges and how technological advancements can help regulators create sustainable gaming markets through a session titled Improving Regulatory Performance with Modern Technology.
Paul Newson, Principal at Vanguard Overwatch, said: “The caliber of our Conference Chairs reflects the growing significance of Regulating the Game. Donata’s expertise, alongside Dr Stafford and Andrew W Scott, ensures the 2025 conference will be an extraordinary event, fostering critical conversations and driving innovation in gambling regulation.”
The post Regulating the Game Announces Sportradar’s Donata Szabo as Third Conference Chair appeared first on European Gaming Industry News.
Compliance Updates
Spelinspektionen: New Guidance for Working Against Money Laundering and Terrorist Financing
The Swedish gambling authority, Spelinspektionen, has published new guidance relating to money laundering and terrorist financing, aswell as a new risk assessment.
This updated guidance and risk assessment comes as reports from the gambling industry to the Financial Intelligence Unit (FIPO) are said to be on the rise.
In May, the European Gaming and Betting Association (EGBA) showed support for the EU’s anti-money laundering (AML) package. The European Council approved the EU’s new AML package, finalising the union’s new framework for combatting financial crime.
Spelinspektionen during 2024 worked on money laundering issues in preparation for the FATF review, while it also participated in the EU’s preparatory work on the new EU Anti-Money Laundering Authority (AMLA) and for this upcoming regulation related to money laundering in the EU.
On top of this, the authority during the year gave talks to advise on the risks of money laundering being conducted within the gambling industry, with accounts and companies potentially being used to conduct the illegal action.
Its work against money laundering has been assisted by the Swedish Financial Supervisory Authority, the Swedish Economic Crime Authority and the Swedish Financial police.
Spelinspektionen Director General Camilla Rosenberg said: “The gambling industry is a risk area for money laundering, and we have seen a need for further clarification and guidance in this area.
“We have therefore revised our guidance and are also conducting a new risk assessment.”
The post Spelinspektionen: New Guidance for Working Against Money Laundering and Terrorist Financing appeared first on European Gaming Industry News.
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