LeoVegas, a leading online gambling operator has challenged Swedish regulator Spelinspektionen’s decision to grant them a two-year operating license instead of the standard five-year term.
Fine
LeoVegas acquired the Swedish License back in November 2018 in the new regulated market, instead of the five-year term, LeoVegas were only approved a two-year period. Spelinspektionen said the shorter term was due to the company being issued a £600k fine by the UK Gambling Commission over a breach in responsible gambling commitments.The decision was challenged by LeoVegas last week at the Administrative Court in Linkoping, since the breach in 2016, LeoVegas have since taken great steps in rectifying the problems found. This was taken in to consideration and the court overturned their decision and granted the full five-year license.
Not Justified
The court also said the findings by the UKGC alone should not constitute in a shorter license being granted, with the punishment of a shorter license period, not justified.Vala Karimi LeoVegas general Counsel said,“ A regulated market has more extensive requirements in relation to responsible gaming with a strong consumer protection focus.” LeoVegas welcomed the regulation even before its introduction and sees the decision of the Administrative Court as very positive and it gives us an opportunity to continue focus on compliance.”LeoVegas recently launched LeoSafePlay, the main aim is creating the ‘ best conditions for the next generation system, based on machine learning and artificial intelligence’. They continue their commitment to responsible gambling within all regulated markets.