The Swedish Gaming Authority (Spelinspektionen) has appealed against a court decision to reduce the penalty it charged against Svenska Spel subsidiary Casino Cosmopol.
The gambling regulator had penalized Svenska Spel subsidiary Casino Cosmopol for failing to comply with regulations related to money laundering and terrorist financing.
Last year in November, the gambling regulator levied a fine of SEK8 million on Casino Cosmopol. Following which the casino operator went to appeal against the penalty. The casino operator challenged the gambling regulator’s decision and urged that its penalty be reduced.
Earlier in the month, Sweden’s Administrative Court in Linköping overturned a decision made by the country’s gambling regulator to fine Casino Cosmopol.
In a media release announcing the decision, it was stated: “The administrative court has essentially accepted the deficiencies identified by the Spelinspektionen and considered that there is a reason to decide that the company should pay a penalty fee.
In its appeal against the court’s decision, Spelinspektionen has said that the casino operator has been found guilty of “serious and systematic violations of gaming regulations” and therefore its penalty shouldn’t be reduced.
“It is also unclear from the judgment of the Administrative Court why it chose to reduce the penalty fee,” the regulator said.