Spelinspektionen Imposes Fine on Kanon Gaming for Regulatory Breaches

Licensed gambling service companies must abide by strict restrictions throughout Europe. They cover, among other things, regulations pertaining to duty of care, money laundering prevention, and counterterrorism financing. Violations may result in penalties or the loss of a license.

Spelinspektionen, the Swedish gaming authority, issued a warning and a punishment against Kanon Gaming Limited on Monday. Numerous websites are run by Kanon Gaming, including as casinoepic.se, frejacasino.se, casinogami.se, and lokecasino.se. The operator was deemed by the regulator to have not provided sufficient protection for people who were engaging in compulsive gambling practices.

Spelinspektionen criticized Kanon Gaming for insufficient procedures to manage excessive gambling among young adults. As a result, the regulator imposed a SEK 7 million ($665,800) fine for breaching the Swedish Gaming Act’s duty of care provisions (2018:1138).

Deficiencies Highlighted by the Swedish Gambling Authority

Spelinspektionen detailed the deficiencies in Kanon Gaming’s operations. The audit examined how the company handled suspicions of excessive gambling and the measures taken when identified. The regulator concluded that Kanon Gaming lacked sufficient procedures to protect customers from excessive gambling.

“The company has not helped customers reduce their gambling when there has been a reason to do so,” stated Spelinspektionen. Additionally, the operator was criticized for not using a risk-based approach and lacking proactiveness in cases of problematic behavior. The regulator also noted the absence of specific measures for addressing problem gambling among young adults aged 18 to 24.

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