An administrative court in Sweden ruled in favor of Swedish gambling regulatory body Spelinspektionen’s decision to award a limited license to several online gambling brands owned and operated by Cherry AB.
The gambling regulator had awarded licenses to seven online gambling brands fully owned and operated by Cherry AB. However, the gambling regulator restricted licenses allowing them for a period of just two years initially.
The online betting and casino brands that got the license are, Casinostugan, ComeOn Sweden, XC Gaming Sweden, Cherry Casino Sweden, Hajper Ltt, Snabbare Ltd and MOA Gaming Sweden.
The gambling operator filed a complaint against the decision to limit the license of the brands. However, upon hearing a Swedish administrative court upheld the ruling by the gambling regulator.
The court, in its ruling, said that Spelinspektionen, was well within its right to limit the licenses, rejecting the brands’ appeals over the decision.
Earlier this week, Sweden’s Administrative Court in Linköping overturned a decision made by the country’s gambling regulator to fine Casino Cosmopol. Last year, the Swedish gambling regulator had fined Casino Cosmopol SEK 8m ($880,000).
Casino Cosmopol is the land-based subsidiary of state-owned gambling monopoly Svenska Spel. The gambling operator was fined for being lax in implementing anti-money laundering measures. The court reversed its decision and lowered the fine to SEK 3m.
Spelinspektionen has said that it would challenge the decision.