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Compliance Updates

Swedish regulator slaps penalty on Paf and Genesis Global

Published

6 years ago

on


Swedish regulator slaps penalty on Paf and Genesis Global
Reading Time: < 1 minute

 

Spelinspektionen, the gaming regulator of Sweden, has fined gaming companies Genesis Global Limited and Paf Consulting Corporation for their failure as per the new gaming act in the country, which became effective from 1 January 2019, all gaming companies with a Swedish license should join the self-shutdown registry.

The first few days after the launch, the Gaming Inspector was contacted by people who had been able to play even though they had shut down in the register. The Gaming Inspectorate, which provides Spelpaus.se, then initiated supervision. Now, the Gaming Inspectorate has decided on a penalty fee for the license holders Genesis Global Limited and Paf Consulting Corporation: Genesis receives a warning and a penalty fee of SEK 4,000,000. Paf receives a remark and a penalty fee of SEK 100,000.

Genesis provides games on the sites casinojoy.com, spel.com, casinocruise.com, spinit.com, sloty.com, vegashero, com, pelaa.com and casinogods.com Paf provides games on the websites paf.com and paf.se.

Those who join Spelpaus turn off from all licensed games in Sweden that require registration. In addition, gaming companies must not send direct mail to those who have turned off.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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