Sweden confirms licence cancellation

A court in Sweden has confirmed the regulator’s decision to revoke SafeEnt’s gaming licence.

Sweden.- The Administrative Court in Linköping has rejected SafeEnt’s appeal after the local gaming regulator Spelinspektionen revoked its gaming licence. The regulator had found serious deficiencies in the operations of the company.

Spelinspektionen commented on Court’s decision and said that the ban on SafeEnt will stand. The regulator said that the risks that SafeEnt made its customers go through were too serious and that they don’t guarantee that they won’t happen again. Sweden’s regulator confirmed that the licence no longer stands.

One of the discoveries include customers that were able to spend large amounts of money without the company reacting properly. They were also able to play well beyond their own deposit limits. Moreover, deficiencies in money laundering and terrorist financing actions also presented systematic shortcomings. Spelinspektionen also said that when reviewing campaigns and offers, it found that SafeEnt offered bonuses on more than on occasion.

Tobias Fagerlund, acting CEO at Global Gaming, owner of SafeEnt, said: “The information this morning from the gaming authority came unexpected, due to that the company is under the impression that we comply with the regulations which the new legislation has set on gaming operators in Sweden. That they come with this decision is odd.”

“We will, of course, appeal the decision and have good reasons to believe that we will have success. That the license now has been revoked lacks legal support and compose a disproportionate action which will cause the company significant damage.”