The regulator suggests that the online casino operator had deployed “insufficient” customer awareness measures, leading to several deficiencies when it comes to document and information preservation.
Initial orders entailed that Videoslots must pay a fine of SEK 9m (£649k) in damages, but based on a subsequent review which constituted that the violations were not systematic, the fine was brought down to SEK 4m (£288k).
Videoslots has been a license holder since 2018, operating under the Swedish Gambling Act as a supplier of commercial online gambling.
After uncovering the violations, Spelinspektionen proceeded with the production of a penalty fee in accordance with Swedish law. In the regulator’s words, due to the difficulty of calculating how much Videoslots had profited off the back of the infringement, the sanction could have no..