Swedish Court Reduces Penalty Against Kindred Subsidiary Spooniker
A court in Sweden has decreased the financial penalty given to Spooniker, a Kindred subsidiary, back in 2020. The initial sanction was issued because Spooniker breached bonus rules.
The court substantially lowered the original 100 million SEK (approximately $9.5 million) penalty, which was imposed by the Swedish Gambling Authority (SGA). They determined that certain incentives and bonuses provided by Spooniker violated Swedish gaming regulations. Kindred, the parent company of Spooniker, has asserted that they adhered to the SGA’s directives and promptly adjusted their offerings after the judgment.
Although the penalty has been reduced to 30 million SEK (around $2.8 million), Kindred still contends that the regulations are ambiguous and subject to interpretation, arguing that the fine should be entirely revoked. They initially contested the ruling to seek clarification on the interpretation of the updated regulations.
In other gaming updates…
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At the beginning of this month, the Chinese government launched a pair of fresh programs designed to purify competitive athletics. This action is one element of a wider effort to suppress the manipulation of games and dishonest practices.
