Sweden: Videoslots penalised by SGA for deposit cap breach

Sweden: Videoslots penalised by SGA for deposit cap breach

Article brief provided by Gambling Insider
  • Iqbal Johal, Gambling Insider
January 27, 2021 1:15 AM
  • Iqbal Johal, Gambling Insider

The Swedish Gambling Authority (SGA) has enforced an injunction on Videoslots after the online casino was judged to have violated Sweden’s deposit cap.

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The SGA found that Videoslots was non-compliant with the SEK 5,000 ($601) weekly deposit limit for online casino and slots, which was introduced in July in response to the coronavirus pandemic.

The investigation showed that players at the online casino were able to deposit more than the permitted amount if they cancelled up to two-month’s worth of withdrawals.

While the gaming authority found that Videoslots had complied with bonus limits and did require players to set a deposit limit at login, it was also found guilty because withdrawal reversals allowed players to deposit more than the weekly limit.

The SGA said Videoslots failed to adhere “when it comes to the way in which Videoslots has chosen to let the players be able to cancel a withdrawal from their gaming account in relation to the provisions of deposit limit for commercial online gambling.

“With Videoslots’ interpretation of the provision, it would be sufficient for a licensee to tell players you have a deposit limit of SEK 5,000 per week for commercial online gaming, no matter how much money can be deposited in practice, and in different ways, and be used for games on commercial online games. The Gaming Inspectorate does not share this assessment.”