LeoVegas has managed to prevail in their dispute with Spelinspektionen, the Swedish regulator. The problem was when the regulator issued them a two-year gaming license instead of the standard five-year term.
LeoVegas was one of the first online gambling operators to be issued a license to operate in Sweden. Last November, they were supposed to be issued a five-year gaming license, but Spelinspektionen decided to grant them only two years of guarantee.
The regulator said that they gave them a shorter license because LeoVegas was fined by the UK Gambling Commission in May 2018 and that shook their trust in the operator. After appealing to the Administrative Court in Linköping, LeoVegas finally earned the standard five-year term to operate.
The court found that UKGC’s decision should not affect operators’ fate in Sweden and that Spelinspektionen’s action was unjustified.
Gustaf Hagman, the CEO of LeoVegas said the decision was
“confirmation that we are conducting a professional business.” Hagman said the extended license “gives us peace of mind in the Swedish market, where we take market share month by month.”