Spelinspektionen is a Swedish investigative authority in gambling regulations. Recently they have issued an official warning to Entertainment Laboratories, also known as Enlabs. This is due to the company’s lack of activity in recent months within Sweden’s re-regulated gambling market.
Enlabs has already been given an official deadline to continue these activities by the 1 July 2020. This was after the regulator had already issued its demands.
Enlabs response to this warning is the promise that these activities will continue by the deadline. They have asserted themselves that these potential problems will be minimized and that operations will be commencing once again with no further trouble.
The president and Chief Executive of Enlabs, George Ustinov, released his following statement after the recent investigation:
“The Swedish Gambling Authority decision to give us a warning due to inactivity was not unexpected and did not change our communicated strategy for the Swedish market.”
The demands have been reasonable to them for the time being and will work towards retaining their licenses by June 2020.
They would also like to stress that the assessment comes from the lack of activity in terms of licenses and not from any financial repercussions. They are actually looking forward to future opportunities that will be coming in from June onwards, especially when it comes to the launch of new licenses for Sweden with expanding gambling markets.
Enlabs first gained their license back in December 2018. However, when the iGaming market was re-regulated in 2019, the license had to be reviewed for all the brands connected under it. Bestbet, bestbingo, bestcasino, bestpoker and optibet are all valid until the end of 2023.
Enlabs chairman, Niklas Braathen, is pleased with the leadership and that the future of the company will be working harder than ever to achieve its goals.