Sweden-based operator, which has a significant presence in Malta, Kindred, has issued a stinging rebuke of proposals by the Swedish Government to re-introduce temporary restriction on online gambling.
The restrictions, which include a deposit cap of SEK4,000 (€387) weekly for online slots, a mandatory login time limit for players gambling online or at state-owned locations, and a loss limit when gambling in person at a machine outside of a casino.
Kindred states that while the overall response of Sweden's Government to the pandemic has been "pragmatic," enabling Swedish society to be as open as possible, restrictions on online gambling have been "ill-founder and did not meet the criteria of evidence-based policymaking."
According to the operator, the Minister in charge of the reform, Ardalan Shekarabi, even got reprimanded by the Swedish Parliamentary Committee on the Constitution for "groundlessly" claiming that gambling on online casinos had increased during the pandemic.
Kindred claims that the measure will make it more difficult for licensed gambling companies to fulfil their duty of care, and have a negative effect, by pushing gamblers to unlicensed operators. Additionally, it says that by pushing through the proposed measure in such a short time frame, the Government is risking fostering a rushed, low-quality implementation by operators.
"If the Swedish government, despite the serious objections raised, decides to move ahead with temporary gambling responsibility measures, the simplest and least problematic solution would be to impose exactly the same measures that applied during the previous restriction period," Kindred insists.
The biggest winner scooped the €850,000 Super5 jackpot
The agreement adds to a growing roster of Stakelogic partners operating under Malta Gaming Authority licences
The company's portfolio of MGA-certified games has grown to 111 titles
The transaction positions Bragg to expand its presence in regulated U.S. sports betting and horse racing markets
This proposed partnership goes well beyond the traditional sponsorship model, Betsson CEO says