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  1. #1
    ddm
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    Default Kindred Group Fined SEK100 million by Swedish Regulator

    Kindred Group hit with SEK100 million fine (around 8,595,250) by Swedish Regulator

    Details: Spooniker Ltd, a wholly owned subsidiary of Kindred Group received a warning and a sanction fee in the sum of SEK 100 million (USD 9,5m) by the Swedish Gambling Authority (SGA) for offering customers financial incentives which are in breach of the new gambling legislation.

    Regulator: Spelinspektionen. - Sweden
    Source: Gamblingindustryfines.com


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  3. #2
    Christiaan's Avatar
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    That is a big fine compared to what they got in the Netherlands where it was €470.000 last year.

    I guess a fine like this makes them reconsider how to do business.

  4. #3
    Renee's Avatar
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    Quote Originally Posted by Christiaan View Post
    That is a big fine compared to what they got in the Netherlands where it was €470.000 last year.

    I guess a fine like this makes them reconsider how to do business.
    It was based on their turnover:

    Kindred's Swedish turnover last year was SEK26.2bn (€2.4bn), which could have led to a fine of as much as SEK 2.6bn (€258m), the regulator said.
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