According to the announcements, both Panda Bluemoon and Hacksaw Studios were found to have partnerships with gambling websites that have not been issued with the required gaming licenses for Sweden.
Sweden Fines Hacksaw and Panda Bluemoon for Illegal Gambling PartnershipsHacksaw Studios was issued with a warning and fined SEK 2.6 million ($245,941/€226,284).
The requirement for a license for gambling software was first introduced into the Gambling Act on the 1st of July 2023.
Spelinspektionen had previously sent a letter in October of 2023 to all licensed software providers in Sweden reminding them of their obligations to ensure that they only provide games software to licensed gambling operators.
Sweden Fines Hacksaw and Panda Bluemoon for Illegal Gambling Partnerships which had been ordered to withdraw from the Swedish market. The company was fined SEK 300,000 (€26,220/$28,370) and warned not to partner with illegal sites.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.