Sweden continues to strengthen the regulation of iGaming firms operating in the country, with their regulator Spelinspektionen getting tough with operators licensed in the country breaching their rules and regulations.
Like the UK’s very own Gambling Commission, Sweden have recently introduced a self exclusion facility for players in the country, which all licensed operators have to work with and adhere to.
This is Spelpaus, which keeps a database record of all players that have self excluded from an iGaming operator within Sweden, similar to GamStop which operates within the UK.
Indeed, Spelinspektionen have not been backwards in coming forwards ensuring that operators are compliant with the rules and regulations concern Spelpaus. With the casino advocate site Casinomeister reporting that Spelinspektionen fined the operator Aspire Global over self exclusion failures, in short the company failed to link up to Spelpaus. Which in itself forms part of their responsibilities for having a license issued by the Swedish regulator.
More recently Spelinspektionen took further action against a couple of their licensees, citing bonus violations. The iGaming operators to feel the wrath of the Swedish regulator in this instance were Betway and Mandalorian Technologies.
With Spelinspektionen, who announced this specific action on their website stating the reasoning behind fining both companies as follows: “Gaming companies with a Swedish license may only offer their customers a bonus at the first game opportunity.”
“In its supervision, the Gaming Inspectorate has found that license holders have violated the legislation by offering their customers bonuses on repeated occasions. The Gaming Inspectorate considers the violations to be serious and has decided on measures against the licensees.”
What is clear, is that as more and more markets become regulated, this is in fact a shot in the arm for players. As player protection becomes of paramount importance. Whilst with regulated markets it also opens a potential lucrative window of opportunity for operators. As long as they ensure they adhere strictly to all rules and regulations of said regulator issuing the operator with a license.
However, judging by the disciplinary nature of the actions taken not just in Sweden, but also other regulated territories. Operators still have a lot to do, to up their game and ensure complete compliance with each jurisdiction that they operate within.