Compliance Updates
Spelinspektionen Suspends Licences of Vivaro and Fair Play Bets
Swedish Gambling Authority Spelinspektionen has suspended the licences of Vivaro and Fair Play Bets. Vivaro has lost both its online gaming and betting licences, while Fair Play Bets only saw its online gaming licence taken back.
In a statement published on its website, the Swedish Gambling Authority defended its decision by claiming the operators had not begun either activity for which the licences were intended within one year of them coming into force.
Vivaro was granted its licences to provide online commercial gaming and online betting on 3 June 2020, while Fair Play Bets saw its licence awarded almost one month later on July 1.
These licences required both parties to undertake activities related to online gambling, however, Vivaro reported sales amounting to zero Swedish krona from June 2020 to May 2021, while Fair Play similarly reported no sales between July 2020 and June 2021.
This triggered two separate reviews from the regulator, with Vivaro’s beginning on 13 July 2021 and Fair Play’s on August 13.
In its defence, Vivaro stated the Covid-19 pandemic and in particular its effect on the company’s staff in Armenia as reasons for its failure to begin the relevant business operations.
In addition, the company continued, the war with Azerbaijan resulted in over 50 of its employees being sent away to fight. Vivaro also added that for a heavily regulated jurisdiction like Sweden, it is important to spend extra time preparing for launch.
Fair Play’s reasoning differed slightly, stating instead that no gaming operations have been initiated due to a corporate restructuring which required a temporary reduction in costs and labour.
However, neither argument was enough to sway the Swedish gambling watchdog who went ahead with its original decision to revoke both operators’ licences.
Compliance Updates
Stakelogic Secures License to the newly regulated Danish market
Industry-leading provider secures license to provide slots and live content in Denmark
Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.
The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.
Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.
The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.
Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.
We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”
The post Stakelogic Secures License to the newly regulated Danish market appeared first on European Gaming Industry News.
Compliance Updates
UKGC Appoints Charles Counsell OBE as Interim Chair
Charles Counsell OBE has been appointed as Interim Chair of the UK Gambling Commission (UKGC) for a nine month term which will commence on 1 February 2025.
Charles was Chief Executive Officer of The Pensions Regulator from April 2019 to March 2023. Prior to this he was CEO of the Money Advice Service, and Executive Director of Automatic Enrolment at The Pensions Regulator.
As CEO of The Pensions Regulator, Charles developed the new corporate strategy to put the pension saver at the heart of the Regulator. He delivered their first Equality, Diversity and Inclusion Strategy and Climate Change strategies – both focused on driving change in the regulator and across the Pensions Sector.
Throughout his career, his roles have focused on setting up and delivering large change programmes requiring significant stakeholder relationship engagement: initially in the private sector and latterly in senior public sector appointments.
The post UKGC Appoints Charles Counsell OBE as Interim Chair appeared first on European Gaming Industry News.
Compliance Updates
SYNOT Games Secures Danish License
SYNOT Games has obtained a B2B online slot games supplier license in Denmark, authorising the company to supply its gaming content within Denmark’s regulated market. This B2B license, issued by the Danish Gambling Authority (Spillemyndigheden), becomes effective on January 1, 2025, aligning with new regulatory requirements mandating that all game suppliers hold such a license from that date forward.
This development enables SYNOT Games to offer its portfolio of slot games to Danish operators, reinforcing its commitment to compliance and responsible gaming practices.
“Obtaining the B2B license from the Danish Gambling Authority marks a significant milestone for us in the Danish market. This license not only aligns with new regulatory requirements but also reinforces our commitment to adhering to the highest industry standards. We are thrilled to continue offering Danish players the immersive gaming experience our portfolio provides,” said Martina Krajčí, CCO of SYNOT Games.
The post SYNOT Games Secures Danish License appeared first on European Gaming Industry News.
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