Spooniker Wins Appeal Against Swedish Regulator
Spooniker, part of the operator Kindred Group (STO: KIND-SDB), has overturned an injunction that was imposed on it by Swedish gambling regulator Spelinspektionen.
A Swedish court overturned the Spelinspektionen ruling against the company that was in relation to the country’s SEK5,000 deposit cap (roughly €490). The regulator had issued injunctions against both Kindred and the former horseracing monopoly AB Trav och Galopp (ATG) in December 2020.
It was discovered that there was a way for players to deposit more than SEK5,000 each month for online casino play at Kindred and ATG sites. Kindred claimed that it made all players set a deposit limit as required by Swedish law. However, those with a limit of more than SEK5,000 were only allowed to make use of the operator’s sportsbook. If they wished to play casino games, then they were required to lower their deposit limit.
However, Spelinspektionen found that players could simply set a high limit, deposit as much money as they wished, and then reduce the limit before going to play casino games with more than SEK5,000. As a result, it issued the injunctions and ordered the operator to pay a weekly fine of SEK1 million until the loophole was closed.
Kindred appealed the injunction at the Administrative Court in Linköping. The court found in Kindred’s favor and ruled that the law only refers to a player’s deposit limits for online casino rather than their actual deposits. Therefore, the fact that players were able to deposit more than SEK5,000 did not mean that Kindred were breaking the regulations. As a result, the injunction was overturned.
The deposit limit was initially brought in last July amidst concerns that players would be gambling more due to the coronavirus pandemic. It was initially set to last only until the end of 2020, but it now looks set to be extended until June 2021.