Betsson : The Administrative Court overrules SGA decision to sanction Betsson

The Administrative Court has overruled the Swedish Gambling Authority's (SGA) decision in the case where Betsson Nordic Ltd, a subsidiary of Betsson AB, was considered to have violated the Swedish Gambling Act.

According to the SGA, Betsson Nordic Ltd had violated the bonus regulations, but had also failed to register agents who sold gambling vouchers. The SGA decided to issue a warning as well as a sanction fee of SEK 20 million. The sanction came as a surprise for Betsson that therefore appealed the ruling.

According to the Administrative Court, the SGA lacks legal grounds for its decision in both cases and the judgement has therefore been revoked. SGA can still overrule the judgement to the Court of Appeal.

For further information, please contact:

Jenny Lilljeqvist, VP Communications & Sustainability Betsson AB

[phone]
[e-mail]    

Martin Öhman, CFO Betsson AB                  

[e-mail]  

About Betsson AB
Betsson AB (publ) is a holding company that invests in and manages fast-growing companies within online gaming. The company is one of the largest in online gaming in Europe and has the ambition to outgrow the market, organically and through acquisitions. This should be done in a profitable and sustainable manner, and with local adaptations. Betsson AB is listed on Nasdaq Stockholm Large Cap (BETS).

https://news.cision.com/betsson-ab/r/the-administrative-court-overrules-sga-decision-to-sanction-betsson,c3367428

https://mb.cision.com/Main/1067/3367428/1432155.pdf

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