ATG Questions Sweden’s Gambling Regulator After $554k Fine Overturned

ATG, the horse racing making a wager monopoly in Sweden, has efficiently appealed its $554,191 stunning and raised questions referring to the playing regulator’s actions. [Image: Shutterstock.com]

Sweden’s monopoly horse racing making a wager operator AB Trav och Galopp (ATG) has efficiently had its SEK6m ($554,191) stunning overturned. The nation’s playing regulator, Spelinspektionen, gave ATG a warning and issued a stunning in August 2022 over anti-money laundering failings. The investigation discovered various shortcomings, in conjunction with an emphasis on interactions with eight accountholders.

ATG contested the judgement, claiming that it correctly accomplished the becoming possibility-based entirely mostly actions. The Administrative Court in Sweden concluded that there had been some shortcomings, but that they were no longer gargantuan ample to result in a stunning and a warning.

believes that the regulator must always nonetheless level of curiosity more time on supporting operators

ATG CEO Hasse Lord Skarplöth hailed the selection and stated it raises a preference of higher questions about Spelinspektionen. He believes that the regulator must always nonetheless level of curiosity more on supporting operators in the licensed sector in build of punishing them.

Hasse Lord Skarplöth also believes that the regulator must always nonetheless spend time and resources on going after unlicensed operators that hear to other folks in Sweden. Spelinspektionen now has three weeks to put up its safe charm.