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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.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....
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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.Later that same year in May and June, additional checks by the gambling authority uncovered bonus offers that were reportedly in violation of the Gaming Act, with games not within the scope of the company’s license also being offered. Kindred welcomes more clarity in these areas and continues to improve its operations to ensure full compliance,” the Maltese operator’s statement concluded....
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”Intervening interruptions:The KSA also purportedly advised those firms who had applied for a local online gaming license that the coronavirus-related shutdown may lead to processing delays. CasinoBeats.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....
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”Intervening interruptions:The KSA also purportedly advised those firms who had applied for a local online gaming license that the coronavirus-related shutdown may lead to processing delays.Jansen reportedly stated…“We see that illegal online providers are trying to take advantage of the current situation. During the spring in 2019, Kindred adopted a more restrictive interpretation of the law....
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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.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.On its website, Kindred explained that it……”initially made a different interpretation of what is considered a bonus and it is this interpretation which the SGA has disputed....
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