News Business Court Rules Against Cherry AB

Court Rules Against Cherry AB

-

A week after losing a licensing case in the Swedish courts, the country’s gambling regulator, Spelinspektionen has won victory in a case involved operator Cherry AB.  

Earlier this month, an Administrative Court found that the regulator had unfairly limited the licence terms of operator Leo Vegas when granting licenses in the newly regulated Swedish market, which launched in January this year.  

But on this occasion, Spelinspektionen has emerged victorious after the Court found that it was entitled to award limited licences to a number of online platforms run by Cherry AB.  

The licenses were given to seven gambling brands operated by Co Gaming, owned by Cherry AB, and as with the Leo Vegas license, these were limited to two years.  

All seven brands, which including ComeOn Sweden, Cherry Casino Sweden and MOA Gaming Sweden appealed to the court over the decision, arguing that they should have been given longer licenses, but their claims were rejected by the court, which ruled that the regulator was entitled to give out reduced-term licenses within its regulatory mandate.  

Spelinspektionen welcomed the findings of the court in the case of Cherry AB, but it has been reported that they may appeal against another recent court decision.  

Earlier this week, the Administrative Court reduced a find that the regulator had handed out to Casino Cosmopol. The initial fine was £641,000 after systematic failings were identified at the company’s land-based casinos, but while the court accepted that the failings were significant and that they should result in the operator paying a fee, they ruled that it should be reduced to £240,000.  

Spelinspektinonen has had a high profile in recent months, as the Swedish gambling market has been opened up to competition, and they have been active in attempting to enforce regulations on the new sector.  

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Free Online Bingo for Over-65s

A UK bingo company is committing to offering bingo fans over the age of 65 an alternative...

German Sports Betting Licence Process Suspended

Sports betting operators in Germany have been dealt a blow with the news that the Darmstadt Administrative...

ITV to Stage Virtual Grand National

Horse racing fans will still be able to watch one of the world’s most prestigious races, albeit in...

New Rules for Gambling Companies in Denmark

Gambling operators with a license to provide services to Danish customers will face tougher restrictions on advertising from...

Racing Post to Halt Print Version

The COVID-19 crisis has not spared the betting sector, and sports betting fans are having to adjust to...

Irish Racing Succumbs to the Inevitable

The COVID-19 pandemic has forced the shutdown of one of the few high-profile sports in Europe with the...

Must read

Guide to Online Casino Bonuses

Anyone who has visited an online casino site...

The online casino sector is one of...

You might also likeRELATED
Recommended to you