Swedish regulator hands Bayton Limited SEK 35 000 fine

Bayton Limited, which operates Swedish iGaming sites jackpotcitycasino

Bayton Limited, which operates Swedish iGaming sites jackpotcitycasino.se, rubyfortune.se and spincasino.se, has received a SEK 35,000 ($3,710) amercement for failing to notify the Nordic country’s regulator of changes to the company’s board.

On 11 Apr 2019, ace Bayton table fellow member resigned, followed by another’s accession, but according to the Swedish Gambling Authority (SGA), the regulator had not received any information virtually this reshuffle within the alloted time.

This failure, the SGA remarked, occurred due to “shortcomings in compliance with the company’s intragroup routines.”

In response, Bayton said it has reviewed its internal routines and made changes to prevent a similar case from occurring inwards the future. Furthermore, the SGA added that the gameboard member who took office staff had antecedently been the content of review.

“In connectedness with a supervisory activity, the Swedish Gambling Authority has noticed that in that location make been changes inward Bayton Limited’s board, something the accompany had not reported,” the regulator stated.

“The society refers to shortcomings inwards its internal routines and has taken measures to ensure that a similar event does non occur again. The mortal inwards call into question had been tried before, but inward a different function.”

For failing to cover the modification within 14 days, and taking into accounting the rigourousness of the infringement, the regulator deemed a comment adequate, though said it “must follow combined with” a SEK 35,000 penalty fee.

The SGA concluded: “In an overall assessment, the Swedish Gambling Authority in this caseful finds that a input may live regarded as a sufficient intervention. The input must be combined with a countenance fee of SEK 35,000.”