Swedish Regulator To Extend Shorter Licences Given To Misbehaving Operators

Sweden’s regulator has been told by the courts that it must extend the one-year licences given to a group of companies that had been punished in other jurisdictions or had uncertain financial standing.

On July 19, the Administrative Court of Linköping ruled that one-year temporary licences granted to four companies over compliance concerns must be extended to three years.

The companies involved in the rulings — Ellmount Interactive AB, AG Communications, Secure Trade and Hero Gaming — attempted to have their licences extended to the standard five-year period.

Both the operators and the Swedish Gambling Authority (SGA) have until August 9 to appeal the decision.

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