One of the most prominent industry’s governing bodies, the Swedish Gambling Authority Spelinspektionen recently has imposed fines on several betting operators for reportedly bonus terms’ violations. The regulator has fined two big brands including the Mandalorian Technologies Limited company and Betway over several infractions.
One infraction involves violations of bonus terms or more specifically offering unauthorized bonuses for players residing in Sweden. Naturally, every fully licensed and regulated online gaming operator operating in any area has to adhere to regulations and rules which are bullet-proof set by online gambling jurisdictions including Sweden’s Spelinspektionen regulatory which is in charge of all online gambling activities happening within the country.
Violations of Bonus Terms and Conditions
As of recently, both Mandalorian Technologies and Betway have been handled fines over their bonus offers which were unauthorized. When it comes to the online gambling activities in Sweden, regulated operators can offer a welcome or a sign-up bonus to newcomers only once after they have registered. However, in the case of Mandalorian Technologies and Betway, both companies have offered bonuses of this kind several times after punters had registered already.
Both companies involved were fined. Mandalorian Technologies was fined around $933,359 while Betway was fined around $521,224 for violating bonus terms and conditions and for not following Spelinspektionen-imposed regulations imposed on bonuses. Both Mandalorian Technologies and Betway were warned prior to being fined for their actions.
Following this incident, the Sweden Gambling Authority officials have stated that the sole purpose of the country’s new regulations regarding the industry is to protect players’ and reduce any negative effects of gaming online.
This new gambling regulation came into force at the beginning of 2019. This specific limitation placed over bonuses is regulated by the law in order to reduce any economic and social damages. For this reason, the Sweden Gambling Authority continues to monitor bonuses and promotions’ area in specific.
PAF and Genesis Global Limited Also in Trouble
It should be noted that Spelinspektionen has been busy as of 2019 especially regarding regulation problems. Prior to handing down fines to Mandalorian Technologies and Betway, the regulatory has also dropped fines to Alands Penningautomatforening or PAF and Genesis Global Limited for similar self-exclusion problems back in March, which this gaming regulator takes very seriously.
In the case of PAF and Genesis Global Limited, both online gambling operators allowed punters to access their gaming platforms after being self-excluded. For their actions, Genesis Global Limited was fined around $433,658 while PAF has to pay a smaller fine of $10,837. Apart from fining PAF and Genesis Global Limited, the Sweden Gambling Authority has also levied a fine against AG Communications Limited over breaking its reoccurring bonuses-related rules.
According to official reports regarding this issue, AG Communication Limited that is the subsidiary of Aspire Global has to pay around $52,794. It should be noted that this is not the first time that AG Communications and Genesis Global Limited have violated the Swedish Gambling Authority’s rules as both operators were hit with massive penalties of $422,488 and $316,866 over their repeated failures to follow the authority’s self-exclusion-related service.
Image credits: https://www.breakit.se
