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Compliance Updates

Swedish Gambling Authority Orders Kindred to Pay SEK 100M for Bonus Violations

Published

5 years ago

on

Reading Time: < 1 minute

 

Spooniker, the wholly-owned subsidiary of Kindred Group, has received a warning and a fine of SEK 100 million from the Swedish Gambling Authority (SGA) for bonus violations.

SGA said that some of Spooniker’s offers, competitions and promotions come under the purview of financial incentives and, therefore, should be treated as bonuses. The provision of such bonuses violates the new gambling legislation in the country.

Kindred had opposed this and tried to present its version. Kindred is likely to appeal the SGA’s decision to obtain judicial guidance on how the new legislation should be interpreted.

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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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