SGA has imposed a fine of SEK 2.6 million on Hacksaw

Swedish Gambling Authority Fines Hacksaw SEK 2.6 Million

The Swedish Gambling Authority (SGA) has imposed a fine of SEK 2.6 million on Hacksaw, a premium developer of slots, scratch cards, and instant win games, for allegedly offering its games through unlicensed operators.

The SGA determined that Hacksaw's entertainment content was accessible on illegal platforms, prompting an investigation that began in January. That same month, Hacksaw announced the implementation of geo-blocking measures to ensure its software was only available to licensed operators in Sweden.

In response to the allegations, Hacksaw stated that it could not take full responsibility for the compliance of its operator partners and could not guarantee that its games would not be available in markets where operators were not licensed. Despite viewing the fine as "disproportionate," Hacksaw addressed the issue promptly and avoided the revocation of its license.

This enforcement action by the SGA aligns with its recent efforts to enhance market regulation. Earlier this month, the SGA approved a ban on the use of credit cards in gambling, a move intended to align Sweden with other modern regulated markets.

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