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Kindred will appeal the SGA’s decision to obtain judicial guidance on how the new legislation should be interpreted.Malta-based online gambling operator, Kindred Group, has been fined SEK 100m (m) by the Swedish Gambling Authority (SGA) for offering customer bonuses and incentives in such a way as to be considered an infraction of the Swedish Gambling Act.Penalty equal to the offense:The findings, resulting in the regulatory body issuing a warning and sanction fee to the company, with the steep penalty fee commensurate with the number of violations in addition to the subsidiary’s high turnover....
” The KSA has since purportedly observed multiple operators attempting to exploit this situation by offering their services to Dutch players without a license. We have seen consumers lured into what is known as a corona-free offering....
According to a Tuesday report from GamblingInsider.Jansen reportedly stated…“We see that illegal online providers are trying to take advantage of the current situation. The KSA has since purportedly observed multiple operators attempting to exploit this situation by offering their services to Dutch players without a license....
The KSA has since purportedly observed multiple operators attempting to exploit this situation by offering their services to Dutch players without a license.Multi-state agreement:In related news, Kindred recently signed an agreement with Caesars Entertainment that provides it with market access in Iowa and Indiana, and potentially more states, to operate iGaming and online sports betting pending the passage of applicable local legislation and its receipt of the necessary gaming licenses.Penalty equal to the offense:The findings, resulting in the regulatory body issuing a warning and sanction fee to the company, with the steep penalty fee commensurate with the number of violations in addition to the subsidiary’s high turnover....
com reported that Jansen moreover instructed that the current situation may furthermore lead to postponements in applications to operate slots or a lottery in addition to decisions relating to trademarks and ongoing legal proceedings. During the spring in 2019, Kindred adopted a more restrictive interpretation of the law. We have seen consumers lured into what is known as a corona-free offering....
