Mia Gardner | 29 Apr 2020
Kindred recently released its interim periodic financial report for the period January 2020 – March 2020 and throughout the course of the report, briefly touches on the fine and warning issued to its Spooniker online casino subsidiary during the month of March. The company in its report points out that a formal appeal has been lodged regarding the supposed breach of bonus rules evident form the charge brought against the Kindred-subsidiary by local government regulators.
In fact, not only is Kindred questioning the reasoning behind the penalty, but its also in vigorous disagreement with the outcome and decision by the local online casino regulator. The company in its financial report says that it regards the Swedish Gambling Act as being vague on most areas and issues relating to commercial gambling activities in general and that its this failure to ‘get down to business’ per se, that creates confusion and ambiguity.
The online casino group then goes on to confirm that it has gone ahead and officially appealed the local regulator’s decision and ruling and that it has done so by having filed a notice to appeal the decision before a Swedish Administrative Court.
Kindred also indicates that it has no intention of backing down in terms of its counter-claim and that it will push tirelessly ahead in a steadfast attempt at challenging the initial decision and ruling as well as with its aim of creating a larger measure of interpretive certainty all throughout Swedish Gambling’s interpretation and application processes.
Kindred Group furthermore set about listing five key priority areas, each coupled with a specific long-term ambition connected to each component:
0% gross revenue winnings derived from across the harmful gambling playing field by 2023;
Ongoing fairness and integrity to be applied across all online casino products;
All operations to meet only highest standards of compliance, ethical and professional standards;
Employee engagement to develop to such an extent that the example set by Kindred becomes the new global standard; and
Equip member-communities with the building and development of a bright and better future.