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LeoVegas overturns its Swedish license limit

8 Nov 2019

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektionen.

The administration of the Stockholm-based bookmaker, had challenged the decision taken by Spelinspektionen to decrease its Swedish license to a two-year period due to some UK advertising violations that it committed.

How did LeoVegas Get the Extended License? 

As a matter of fact, LeoVegas administration filed a formal challenge with the Administrative Court of Linkoping in order to dispute Spelinspektionen’s aforementioned decision. They actually stated that foreign regulatory inconsistencies should have no influence on an operator's domestic license conditions.

In addition to that, they pointed out that their UK marketing inconsistencies dated back to 2016; nonetheless, made it clear that they had put into practice all UK Gambling Commission’s (UKGC) demands and fulfilled their licensee obligations for the UK market.

Vala Karimi, General Counsel of LeoVegas, mentioned that a fully regulated market has more advanced requirements when it comes to responsible gambling with a strong player protection focus. She added that in LeoVegas they welcomed the regulation even before it was officially introduced and that they see the court’s decision as extremely positive, since it gives them the freedom to keep on focusing on compliance.

In its latest update, the operator’s administration highlighted its dedication to responsible gaming as a Swedish licensee, as they company has launched a separate business unit called LeoSafePlay aiming to promote safer gambling in an innovative way.

Gustaf Hagman, Group CEO of LeoVegas, commented regarding the latest developments that the extended license gives them the much-needed peace of mind to keep on operating and evolving in the Swedish market and constitutes a proof of professionalism and regulatory compliance from their side.

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BOOK SPY BONUS REVIEW

LeoVegas is an established bookmaker that has been online since 2016. It has proved itself in terms of reliability by acquiring several Tier 1 licenses and partnering up with top football clubs. Even though the number of events on the website is generally low, I appreciate the overall payout. You can find dozens of special markets, and essential tools are available. I also liked the fact that it pays a lot of attention and knows how to reward loyal players through the VIP Program. This doesn’t mean there are no drawbacks. Strict regulations mean that crypto is not accepted, and the service is restricted in most countries worldwide. What’s more, navigation is difficult, especially if you are a new user. Finally, I would like to see the winning and withdrawal limits increased sooner than later. Overall, LeoVegas is a solid and trusted alternative for sports betting. Feel free to give them a try.

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