The latest news from the Casino world!

Videoslots fined for failing to protect players

Online casino operator Videoslots Ltd has been fined 12 million kronor (approximately €1.05 million) by the Swedish gaming authority, Spelinspektionen, for failing to take effective measures against excessive gambling. The investigation revealed that a number of players, including some under the age of 25, were able to deposit and bet large sums of money without appropriate intervention by the company. Despite automatic detection systems, Videoslots’ responses were deemed late and insufficient. The company cites legal ambiguities, but the authority considers that the legislation was clear and that the risks for vulnerable players were neglected.

Economy

Gamusoft LP: illegal activities halted

The Kansspelautoriteit (Ksa) has fined Gamusoft LP for illegally offering games of chance to Dutch players via the csgofast.com website, without a licence and without geographical restrictions. A penalty payment of €280,000 per week, capped at €840,000, was imposed to force the company to cease its activities. This decision is part of the Ksa’s strategy to strictly regulate the online gaming market and protect consumers from the risks associated with unlicensed operators.

Legislation