Published
Legal & RegulatorySports Betting

LeoVegas Swedish license limit overturned

The decision to limit LeoVegas’ Swedish license to a two-year period has been overturned by the Administrative Court in Linköping, extending the operator’s license to the maximum five years.  

LeoVegas

The Swedish Gambling Authority (SGA) limited LeoVegas’ license because the operator was previously sanctioned for committing violations abroad.

This referred to a £600,000 ($732,400) fine imposed on LeoVegas last year by the Gambling Commission in Britain, as a result of "failings related to misleading advertising and the handling of customers at the end of their self-exclusion period."

LeoVegas argued the SGA's decision was unjust because the fine was the result of a "computer software error" that was "rectified as soon as it came to the company’s knowledge."

The court ultimately concluded the more serious violations, committed in 2016, were too historic to be applicable and overturned the SGA’s ruling.

The SGA is considering appealing the judgement.

LeoVegas’ revenue increased 8% year-on-year for Q2 2019 to €94.4m ($103.4m). LeoVegas CEO Gustaf Hagman attributed this in part to the Swedish market providing the operator with "a new base to grow from."

When contacted by Gambling Insider, Vala Karimi, General Counsel LeoVegas, said: "A regulated market has more extensive requirements in relation to responsible gaming with a strong consumer protection focus.

"LeoVegas welcomed the regulation even before its introduction and sees the decision of the Administrative Court as very positive and it gives us an opportunity to continue to focus on compliance."

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...