Kanon Gaming fined SEK 7 million by Swedish Gaming Authority
The operator has also received an official warning pertaining to its inadequate player protection infrastructures.
Online operator Kanon Gaming Limited has been fined SEK 7 million ($668,000) by the Swedish regulator, Spelinspektionen, for multiple breaches including insufficient protection measures for players displaying signs of excessive gambling.
Kanon currently runs four licensed websites in Sweden, casinoepic.se, casinogami.se, frejacasino.se and lokecasino.se. After launching an initial investigation into the operator’s activities, the subsequent audit has concluded that Kanon is in breach of Swedish gaming laws relating to duty of care in the Gaming Act (2018:1138).
More specifically, the company was discovered to have missed opportunities to help protect customers showing signs of problem gambling. Moreover, it failed to put in place appropriate measures to aid potential problem gamblers aged 18-24 years.
These conclusions were reached following customer data gathered in the audit on players within specific age groups and demographics who had suffered significant losses with the operator.
This was not Kanon’s first brush with the law this year, as the operator was also fined €67,000 by Malta’s anti-money laundering authority in January. In this instance, the company breached regulation by failing to ascertain where its players obtained their money from.
The FIAU stated that Kanon failed to gather information on where 90% of its players obtained their funds.
In other Swedish-related regulatory news, Hacksaw Gaming was also subject to regulatory intervention at the hands of Spelinspektionen last month. The iGaming studio was fined SEK 2.6m for its own failures, which included the issuing of software to unlicensed operators.
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