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Malta-based online gambling operator, Kindred Group, has been fined SEK 100m (m) by the Swedish Gambling Authority (SGA) for offering customer bonuses and incentives in such a way as to be considered an infraction of the Swedish Gambling Act. Kindred will appeal the SGA’s decision to obtain judicial guidance on how the new legislation should be interpreted. The KSA has since purportedly observed multiple operators attempting to exploit this situation by offering their services to Dutch players without a license....

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After in March 2019 reviewing the gaming company’s website and subsequently finding that it offered “several different unauthorized bonuses,” Kindred subsidiary, Spooniker Ltd.After in March 2019 reviewing the gaming company’s website and subsequently finding that it offered “several different unauthorized bonuses,” Kindred subsidiary, Spooniker Ltd. CasinoBeats....

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Kindred operates its Storspelare, Bingo.Penalty equal to the offense:The findings, resulting in the regulatory body issuing a warning and sanction fee to the company, with the steep penalty fee commensurate with the number of violations in addition to the subsidiary’s high turnover., was levied the fine by the SGA....

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CasinoBeats.Portfolio-wcom cited the regulator’s Chairman, Rene Jansen, as describing such illicit actions in the Netherlands as ‘unacceptable’ and ‘completely objectionable’ before advising firm’s utilizing such tactics that these ‘will weigh heavily in a possible application for an online gambling license’....

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Multi-state agreement:In related news, Kindred recently signed an agreement with Caesars Entertainment that provides it with market access in Iowa and Indiana, and potentially more states, to operate iGaming and online sports betting pending the passage of applicable local legislation and its receipt of the necessary gaming licenses.” During the spring in 2019, Kindred adopted a more restrictive interpretation of the law....