Swedish Gambling Authority Warns Enlabs

Spelinspektionen, the Swedish national gambling regulator, has warned the igaming operator Enlabs for the delay in starting operations. The operator made it clear that the company could lose its licence if it does not start its gaming operations by July.

Enlabs obtained the Swedish igaming licence to start functioning in 2018. However, the company has not yet started operations in the market in spite of being one of the early birds to obtain the license when Sweden opened the regulated igaming market.

“The Swedish Gambling Authority decision to give us a warning due to inactivity was not unexpected and does not change our communicated strategy for the Swedish market. We believe the authority’s assessment is reasonable and we will offer games under our Swedish license no later than June, 2020, and thus retain the licence,” George Ustinov, president and CEO of Enlabs, said.

“In particular, I would like to emphasise that the authority’s warning only arises because we did not offer gaming operations under our licence and does not entail any financial consequences. We look forward to a launch in Sweden and continue to monitor market conditions in order to seize the opportunities that arise,” George Ustinov added.