Swedish gambling regulator Spelinspektionen will come under review following major changes to the country’s gambling laws. The assessment, which will be carried out by the Swedish National Audit Office, Riksrevisionen, will evaluate whether the regulator has effectively fulfilled its obligations in supervising the gambling market.
Audit Comes Following New Changes to Swedish Gambling Laws
On July 1, 2023, Sweden launched a new B2B licensing framework as part of amendments to the Swedish Gambling Act, under which all online gambling software suppliers and developers are required to obtain a license from Spelinspektionen so they can operate in the country. The reforms have led to a huge increase in the number of licensed online gambling businesses in Sweden which now sits at around 600.
In addition to enforcing the gaming license requirements, Spelinspektionen was also granted new powers as part of new safer gambling measures approved by the Swedish parliament, Riksdag, in May this year.
Announcing the audit, Riksrevisionen highlighted that the re-regulation of the Swedish gambling market, initiated in 2019, is aimed at regaining control of the market, improving channelization, and protecting Swedish consumers. The agency will assess whether that goal has been achieved, putting Spelinspektionen’s effectiveness under scrutiny.
Spelinspektionen Review to be Published in September 2024
The review will involve two phases – Riksrevisionen will decide on the design of the audit in the initial phase and then proceed with data collection and analysis in the secondary phase.
The findings of the review will be released in September 2024.
Leap Gaming has released a new magic-themed offering for sorcery lovers. Magic Fusion invites low stakes players to brew spells in the wizard’s den that will help them win the $200 jackpot. Features such as Walking Wilds and the Magic Cauldron mini-game add some enchantment to this title!
Magic Fusion is a magic-themed slot released in September 2023. Players confront a 6-reeled megaways setup on which they can create up to 10,000 winning combinations. The betting range in this mid-high variance title ranges from $0.2 to $40, which is respectable. The $200 max cash jackpot is paired with an excellent RTP of 96.07%.
Special Features
The game has exciting features like the Wild Fusion that awards a respin where all the stacked Wilds fuse to deliver a multiplier value. The Random Bonus feature creates new wins and upgrades existing ones, besides yielding more Scatters.
Landing more than 4 Scatters triggers the Free Spins feature and the Magic Cauldron mini-game that awards bonus prizes. The Walking Wilds appearing during the spins act sticky and move on every spin.
Dynamic features and an enigmatic plotline make Magic Fusion a perfect game for magic theme fans.
If you are an ardent fan of using silly emoticons to jazz up your texts, you will like Spadegaming’s latest title Moji Mania. Unleash endless cascades on the 6×6 grid to win the $3,750 max cash jackpot and free spins!
Moji Mania is a 6×6 video slot released in October 2023. Besides the cluster-pays system, the game has a refreshing atmosphere where cheery emoticons set the scene. The betting limit of $0.2 to $500 accommodates both low and high-risk players. Moji Mania offers a $3,750 max jackpot with an exceptional RTP of 96.75%.
Special Features
You can create endless winlines with the help of the game’s cascading mechanic. The Wild icon delivers a progressive multiplier beginning at 2x, besides fulfilling its substitution duties to make a payline.
Landing a win with chatbox icons transforms them into Wilds. The Free Spins round delivers up to 18 gratis spins with a maximum multiplier of 100x. Use the Buy Free Spins option to purchase your way into the bonus round.
If you are into light-hearted slot themes with creative mechanics, we suggest you give Moji Mania a few spins. Surely, you wouldn’t want to miss the chance to dabble with emojis and win the $3,750 jackpot!
Nolimit City has added to its impressive gaming portfolio with its latest fishing-themed title Ugliest Catch. Players who like fishing, will be able to land a $500 jackpot on offer if they get lucky. Also look out for Wilds and xWays icons as you navigate the 5×3 grid!
Ugliest Catch is a highly volatile slot released by Nolimit City in October 2023. You can make 243 paylines on the 5×3 board with piranhas, bait, and dead toads. The wager limit of $0.2 to $100 encompasses all risk levels. Ugliest Catch features a 96.11% RTP with a max jackpot of $500.
Special Features
You can activate enhancer cells on reels 1 and 5 to win big, besides landing Wilds that help in completing a near-miss payline. The Boosted Bet allows you to increase the stakes.
Landing xWays icons in the enhancer cells transforms them into a randomly selected symbol. Getting Scatters activates the Free Spins feature, where you get to choose between a variety of modifiers. You can also earn prizes from fish symbols in the Bonus feature.
Ugliest Catch has a unique set of features and creative mechanics that will appeal to fishing theme fans. Give this Nolimit City title a few spins today to see if you can reel in the $500 jackpot!
Illegal gambling sites continue to pose a huge challenge for Spain’s regulated online gambling market, with multiple unlicensed firms fined millions for targeting Spanish customers.
In its latest report, the country’s Ministry of Consumer Affairs unveiled that between January and June 2023, a total of 14 unauthorized online gambling firms were handed down penalties amounting to a total of €70 million. That figure accounted for the vast majority of fines imposed on gambling operators in that reporting period.
14 Unlicensed Firms Each Hit with €5M Fine
During the first half of 2023, a total of 30 online gambling firms received €71 million in fines for violations of Spain’s gambling laws. According to the country’s gambling regulator, the Directorate General of Spanish Gambling (DGOJ), 14 unlicensed operators were each handed down a maximum fine of €5 million for serious infractions.
Among those fined were Blockdance BV, Bets Entertainments NV, Santeda International BV, Ryker BV, AK Global NV, Smein Hosting, Newera BV, Fairgame GP NV, XO Corporation NV, Versus Odds BV, Casbit Group NV, Favorit United NV, Altacore NV, and Techoptions Group BV. The firms are primarily based in Curacao, the DGOJ stated.
Licensed Firms Fined €1M for Regulatory Non-Compliance
A total of 16 Spanish licensed operators, including Codere Online, Skill-on-Net, Marathonbet, Beatya SA, and Zebetting y Gaming España, were also hit with fines amounting to €1 million for regulatory breaches.