Swedish regulator fines pair of iGaming operators

• by admin
• February 9, 2024

In Sweden, the Spelinspektionen gaming regulator has reportedly issued fines to Maltese iGaming firm, Genesis Global Limited, and a subsidiary of Finnish operator, Alands Penningautomatforening (PAF), for breaching its rules on self-exclusion.

Significant sanctions:

According to a report from iGamingBusiness.com, the authority for Scandinavia’s largest nation has ordered the Paf Consulting Abp subordinate of PAF to pay a penalty of some $10,837 and hit Genesis Global Limited with an even steeper punishment of approximately $433,658.

Spelpaus.se failures:

Sweden reportedly launched a regulated iGaming market from the first day of January at the same time as premiering a self-exclusion tool at Spelpaus.se. This innovation was designed to prevent those who sign up from being able to access online casino and sportsbetting domains and moreover bans licensed operators from sending marketing materials to anyone on this list.

However, the Swedish regulator reportedly issued its fines, which were accompanied by official warnings, after being informed by a number of self-excluded players that they were still able to gamble on sites runs by Paf Consulting Abp and Genesis Global Limited.

Previous warning:

Paf Consulting is reportedly responsible for the domain at Paf.se while Genesis Global Limited runs multiple Sweden-friendly sites encompassing CasinoCruise.com, SpinIt.com, CasinoJoy.com, Pelaa.com, Sloty.com, VegasHero.com, CasinoGods.com and Spela.com. This latter operator was purportedly warned about similar compliance concerns soon after the market opened and is said to have responded by explaining that any shortcomings were down to a third-party system and that it had since fully integrated the registry from Spelpaus.se.

Genesis release the following statement…

“Genesis Global Limited always places compliance and responsible gambling at the core of its business operations in order to ensure a safe gaming environment for its players. Therefore, any regulatory requirements and guidelines are being treated with the highest priority.”

In Sweden, the Spelinspektionen gaming regulator has reportedly issued fines to Maltese iGaming firm, Genesis Global Limited, and a subsidiary of Finnish operator, Alands Penningautomatforening (PAF), for breaching its rules on self-exclusion.

Significant sanctions:

According to a report from iGamingBusiness.com, the authority for Scandinavia’s largest nation has ordered the Paf Consulting Abp subordinate of PAF to pay a penalty of some $10,837 and hit Genesis Global Limited with an even steeper punishment of approximately $433,658.

Spelpaus.se failures:

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