Swedish regulator revokes licences

The Swedish gambling regulator decided to revoke SafeEnt’s licence due to serious deficiencies.

Sweden.- Spelinspektionen, the Swedish gambling regulator, has revealed that it has revoked SafeEnt’s licences for commercial online gambling and betting. The regulator said that this is because if found serious deficiencies in the company’s operations.

SafeEnt, which runs online casino Ninja Casino, was subject to Spelinspektionen control and was found to be responsible for deficiencies in operations, including applicable gaming responsibility and measures against money laundering.

The regulator said that its review shows that SafeEnt has violated a number of the most important gambling laws in the country, which are aimed at protecting players against excessive gambling. One of the discoveries include customers that were able to spend large amounts of money without the company having reacted to what the regulations require. 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.

SafeEnt described that it intended to implement new measures to correct the deficiencies, but the Swedish regulator said that those actions were not sufficient and that SafeEnt lacks the understanding of important parts of the local gambling laws. Therefore, the regulator decided to revoke the licences with immediate effect.