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More Than 20,000 Swedes Opt For Gambling Self-Exclusion

More than 20,000 Swedes have opted for gambling self-exclusion since the reorganization of the local gambling market

More than 20,000 Swedish gamblers opted to self-exclude from gambling via the national system in the period between January 1 and February 1, the country’s gambling regulator said on Friday.

According to Spelinspektionen, formerly Lotteriinspektionen, most of the people who registered into the newly launched self-exclusion system shut themselves out for an indefinite period of time. A person registered with cannot gamble at Sweden’s land-based casino and betting facilities as well as online on websites operated by locally licensed companies.

The self-exclusion system was introduced as part of the reorganization of Sweden’s gambling market. The country’s new gambling law took effect on January 1, 2019, opening the local market to international operators. Spelinspektionen said last week that it has issued 69 licenses to interested companies since the licensing process began.

Monitoring for the socially responsible provision of gambling services has become one of Spelinspektionen’s main tasks since the market was opened for operations beyond the ones provided by state-run entities.

However, the regulatory body discovered certain irregularities in the way newly licensed companies provided their services in the first days after the new regime was enforced, which prompted warnings against repeated violations and compliance failures.

Spelinspektionen Promises Hefty Fines

The Swedish gambling regulator said last month that it would not shy away from issuing fines and suspending/terminating licenses, if any of its licensees fail to comply with the terms of their permits to operate in the local market.

Spelinspektionen’s warning was prompted by its discovery that some of the locally licensed operators had failed to complete properly the integration of the national self-exclusion system. As a result, self-excluded gamblers were still able to play/wager with real money.

The regulator sent letters to all licensed companies, warning them that any of them repeatedly violating the new rules would face hefty fines and license suspension/termination. Under Sweden’s gambling law, operators breaching the existing rules and regulations could be penalized with fines that do not exceed 10% of their Swedish turnover.

News emerged last week that Swedish lawmakers could move to ban gambling ads during live broadcasts of sporting events. Swedish Minister of Civil Affairs Ardalan Shekarabi told local news outlet Aftonbladet that Swedes were tired of extremely aggressive and unrestrained advertising of gambling products and that current advertising regulations might be tightened in future if need be.

In Denmark, the CEO of gambling operator Danske Spil, Niels Folmann, suggested that the country consider the introduction of a ban on gambling ads during live sport. The executive pointed out that Denmark should draw inspiration from a code of advertising ethics UK-licensed gambling operators agreed to adopt late last year in a bid to reduce gambling-related harm.

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The post More Than 20,000 Swedes Opt For Gambling Self-Exclusion appeared first on Casino News Daily.

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