Compliance Updates
Swedish Regulator Issues SEK300,000 Fine to Yggdrasil for Supplying its Online Gaming Software to Unlicensed Operator
Spelinspektionen, the Swedish gaming regulator, has issued a SEK300,000 (€26,200) penalty fee and a warning to Yggdrasil for allegedly supplying gaming software to an unlicensed company operating in Sweden.
Yggdrasil received its software licence on 22 March 2023. This permitted it to create, supply and install gaming software used for online games in Sweden. This licence expires on 20 June 2028.
The regulator said it began its investigation on 16 January 2024, when it began to investigate websites being run by unlicensed operators in Sweden. It is understood that Yggdrasil was a supplier for one of these websites, according to Spelinspektionen’s decision outline.
This contravenes chapter 11, section 6 of Sweden’s Gambling Act. This section outlines that game software licensees must not provide software for anyone that does not hold a licence.
In response to the investigation, Yggdrasil said it had corrected the issue on 23 January 2024. It stated that the contravention had come about due to a breach in contract between itself and a retailer. Yggdrasil stipulated that it no longer “manufactures, supplies, installs or changes gaming software for players without the necessary licence”.
The regulator acknowledged that Yggdrasil complied with its order, but added that this is expected of all licensees.
“Yggdrasil has promptly taken corrective action and removed games and all other types of assets belonging to Yggdrasil from the website in question and ceased the violation since it was notified by the Gaming Authority,” reads the decision.
“The collaboration cannot, however, be considered to have been active in a different way than what one must normally be able to expect from a company that has chosen to operate licensed activities under supervision.
“The mitigating circumstances do not outweigh the seriousness of the offense in such a way that it can be considered minor or excusable. In summary, the Swedish Gaming Authority assesses that the violation is serious.”
Spelinspektionen concluded that a warning would be given rather than revoking Yggdrasil’s licence in Sweden altogether. This is also combined with the penalty fee issued.
The fee must be at a minimum of SEK5000 and set at a maximum of 10% of the company’s turnover in relation to the preceding financial year. As Yggdrasil’s net sales hit €514,566 in 2023 – the equivalent of SEK5.8m – the fee could have been as high as SEK580,000.
The post Swedish Regulator Issues SEK300,000 Fine to Yggdrasil for Supplying its Online Gaming Software to Unlicensed Operator appeared first on European Gaming Industry News.
3 Oaks Gaming
3 Oaks Gaming Enters Spanish Market
3 Oaks Gaming, an established distributor of iGaming content, has entered the Spanish market after securing certification to supply its slot portfolio in the region.
This approval enables Spanish-licensed operators to integrate more than 20 of 3 Oaks Gaming’s games, bringing some of the distributor’s most recognised slots to local players.
Certified titles available include recent releases such as 4 Pots of Egypt: Hold and Win, Rush for Gold, and Egypt Power. The portfolio showcases 3 Oaks Gaming’s signature Hold & Win mechanic alongside Scatter Pays and its increasingly popular 3 and 4 Pot models, delivering engaging gameplay certified for the Spanish market.
Securing the Spanish certification represents a significant step in 3 Oaks Gaming’s ongoing European growth strategy, supporting its expansion across established and regulated markets.
By entering Spain with a robust, fully approved portfolio, the distributor underlines its commitment to compliance while offering operators content that is aligned with local market requirements and player preferences.
Krasimir Pankovski, Head of Sales at 3 Oaks Gaming, said: “Spain is a strategically important regulated market for us, and obtaining certification here marks an important milestone in our growth journey. By launching a diverse range of certified titles, we are giving Spanish-licenced operators the flexibility to offer engaging content while meeting the highest regulatory standards.”
The post 3 Oaks Gaming Enters Spanish Market appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Compliance Updates
Dutch Regulator KSA Warns Operators Over “Early Payout” Feature
The Dutch Gambling Regulator (KSA) has contacted several online sports betting providers regarding incomplete information about the “early payout” feature. The “early payout” feature allows a bet to be considered won before the match has officially ended. This feature is not available in the event of a draw. The KSA found that several providers failed to communicate this sufficiently, making it appear as if players could also use this option for draws.
Early payout
The Early Payout feature allows players to declare their bet a winner if their team has a two-goal lead during the match, regardless of the final result. The odds for Early Payout bets are lower than those for regular bets. The problem arises when this option appears to be offered for draw bets, as there is no team with a lead.
Unclear information leads to confusion
Providers also promote lower odds for draws under the “early payout” feature. The providers’ terms and conditions then state that early payouts are not possible for draws, but this isn’t always clearly communicated when placing the bet. This creates confusion among players, who may assume that early payouts also apply to draws.
Obligation to provide clear information
Providers are required to provide clear and understandable information about the possible outcomes of a bet, including the associated terms and conditions. The KSA determined that providers were not complying with this obligation when providing information about the “early payout” feature. Providers that offer this feature have been contacted and have improved their communication so that players are now more clearly informed about the limitations of early payout for bets on draws.
The post Dutch Regulator KSA Warns Operators Over “Early Payout” Feature appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
3 Oaks Gaming
3 Oaks Gaming Secures Registration from MINCETUR to Enter the Regulated Peruvian Market
3 Oaks Gaming, an established distributor of iGaming content, has expanded its footprint in the Latin American market after securing registration from MINCETUR, allowing the company to supply 56 of its titles in the regulated Peruvian market.
This approval permits Peru-licensed operators to integrate a range of 3 Oaks Gaming titles, bringing some of the distributor’s most recognised and top-performing games to local players.
The registration marks an important step in 3 Oaks Gaming’s broader LatAm expansion strategy. By entering Peru with a fully approved portfolio, the distributor continues to strengthen its presence in regulated markets and support operators with localised content tailored to regional player preferences.
Krasimir Pankovski, Head of Sales at 3 Oaks Gaming, said: “Peru is one of the most dynamic regulated markets in LatAm, and achieving registration here significantly enhances our regional footprint.”
The post 3 Oaks Gaming Secures Registration from MINCETUR to Enter the Regulated Peruvian Market appeared first on Americas iGaming & Sports Betting News.
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