Swedish regulator explains the reason for the shortened license

It was noted that if companies do not correct their financial situation within a three-year period, and remain with a negative balance, then they will be refused license renewal after three years. Spelinspektionen’s director, Camilla Rosenberg, noted that the court’s decision upheld their idea that companies’ financial insolvency could lead to a shortened license period.

A lot of negativity was expressed to the regulator, for numerous fines. In this regard, the director said that the operators, most likely, did not read the terms of the licenses. They just assumed that the rules are the same as in Denmark and the UK. That is why many have been fined. They just didn’t know the rules and didn’t know they were breaking them.

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