On March 9, Swedish gaming regulator Spelinspektionen warned Entertainment Laboratories (Enlabs) that a lack of activity in the re-regulated Swedish marketplace could lead to revocation of their license. Enlabs has until July to commence gaming activities.
Enlabs was first issued a license to operate online betting and gaming in Sweden in December 2018, days ahead of the country’s new regulatory regime started. However, despite holding this license for over 14 months now, the company has done nothing to launch their live platform.
Despite the stern warning, executives at Enlabs have been unfazed. They have assured regulators that they will be operational in the next few months. President and Chief Executive Officer of Enlabs George Ustinov explained:
“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. We believe the authority’s assessment is reasonable and we will offer games under our Swedish license no later than June 2020, and thus retain the license.”