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Swedish Court Reduces Genesis and Aspire Global Penalty Fees

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Sweden’s Administrative Court has ruled that the penalty fees issued to Genesis Global and Aspire Global for breaching self-exclusion regulations should be reduced.

Spelinspektionen, the gambling regulator in Sweden, ordered Genesis to pay a penalty of SEK4m (€382,757) in March, while Aspire was issued a penalty of SEK3m in April related to its AG Communications Sweden subsidiary. Licensed operators in Sweden are required to integrate with the Spelpaus.se self-exclusion system as part of new laws that came into effect on January 1.

According to the regulator, Genesis and Aspire, both of which hold licences in the country, did not adhere to these rules. Some consumers that had self-excluded said they were able to gamble on sites operated by Genesis, while AG and Aspire cited issues with integrating with Spelpaus.se as the reason for non-compliance.

The Administrative Court agreed with the regulator that both of the operators should face punishment, stating Spelinspektionen was right to issue warnings and penalty fees.

The Court also agreed with the decision to calculate the penalty fees based on each of the operator’s gross turnover, before paid profits. However, the Court estimated that each operator’s turnover was lower than the regulator had calculated, and therefore ruled the penalty fees should be reduced to reflect this finding.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Swedish Court Reduces Genesis and Aspire Global Penalty Fees

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The real HIT of the year 2020 was just announced

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Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The real HIT of the year 2020 was just announced

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Prague Gaming Summit 2020 speaker profile: Stav Pischits (CEO at Cynance)

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Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Stav Pischits (CEO at Cynance)

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Prague Gaming Summit 2020 speaker profile: Saulius Racevičius (CEO at ConnectPay)

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  The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe. On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Global Payment […]
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Saulius Racevičius (CEO at ConnectPay)

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