The Swedish gambling regulatory authority, Spelinspektionen, conducted an in-depth investigation into three well-known gambling companies, including Paf International plc, Burstit Ltd, and LeoEx Ltd. After a comprehensive audit of their gambling, technical, and business systems, Spelinspektionen confirmed that these three companies comply with Swedish gambling laws.
Investigation Overview
Spelinspektionen is the regulatory body responsible for overseeing the gambling industry in Sweden, with a mission to ensure that the country's gambling activities are conducted in a safe, reliable, and transparent environment. Through regular investigations and mandatory annual testing requirements, the regulatory body ensures that only companies meeting high standards are allowed to operate in Sweden.
The investigation conducted by Spelinspektionen in the summer of 2024 is part of the annual review process mandated by Swedish law. Each year, all licensed gambling operators must undergo a comprehensive assessment of their gaming platforms, technical systems, and business practices to ensure compliance with necessary regulatory standards. This process aims to protect consumers and maintain the integrity of the Swedish gambling industry.
The 2024 investigation confirmed that Paf International, Burstit Ltd, and LeoEx Ltd fully comply with Swedish gambling regulations. No significant issues were found, and all three companies passed the tests smoothly. However, Spelinspektionen banned Itsfail Ltd, Teamfail Limited, NewEra BV, and Jer-Team NV from operating in Sweden due to violations of licensing regulations.
In 2023, Paf International's revenue grew by 7%, reaching $191.7 million. This growth and record profit figures highlight Paf's strong performance in the market. At the end of September 2023, the company established a joint venture with Yggdrasil, planning to launch the SpeedyBet brand in Spain.
Responsible Gambling in Sweden
Responsible gambling is a core focus of Spelinspektionen's regulatory work. Operators must implement measures to protect players from the impacts of excessive gambling and ensure a safe environment for all users.
