SWEDEN SUMMONS GAMBLING LICENSEES TO ‘INFORMATION MEETING’
Sweden’s gambling regulator has summoned its licensees for a meeting in September, just days after an industry group sought more clarity on the market’s gambling rules.
On Thursday, Sweden’s Spelinspektionen regulatory body announced that it would convene an “information meeting” in Stockholm on September 17 for its gambling licensees. The brief notice said that the meeting’s agenda would be revealed when it sent out official invitations in “mid-August.”
The news came two days after the Branschföreningen för onlinespel (BOS) online gambling trade groupissued a statement saying it was “concerned and surprised” by the regulator’s recent decision to impose “very large sanctions” on eight online licensees “without any prior warning being issued” for taking wagers on football matches involving players under 19 years of age.
BOS secretary general Gustaf Hoffstedt noted that Gaming Innovation Group had opted to shut its Swedish-facing sportsbook until the regulatory situation was clarified. Hoffstedt noted that this was “unfortunate for Swedish gaming customers” and urged the regulator to “clarify the authority’s interpretation of the regulations.”
At least four of the penalized companies – Bet365, Betfair, Bwin, and The Stars Group – have indicated their intention to appeal their fines. Sweden’s new regulated market has only been active since January 1 but Spelinspektionen has to date penalized 18 of the 67 companies that were awarded new Swedish licenses.