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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