Enlabs Gets Swedish Regulatory Warning

Online betting group Enlabs has been given a warning by Swedish regulator Spelinspektionen, with the group being instructed that they need to launch gaming operations in the country by July or risk losing their license.

Enlabs has had a license for over a year, but the company is yet to launch operations within the country. The regulator is growing inpatient, saying that Enlabs has to do "something" in the territory in order to justify holding the license. Enlabs operates BestBet and Optibet, and their gaming license is good through December 31st, 2023.

Speaking about the issue Enlabs CEO George Ustinov noted: "The Swedish Gambling Authority decision to give us a warning due to inactivity was not unexpected and do 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 licence no later than June 2020, and thus retain the licence.

"In particular, I would like to emphasise that the authority's warning only arises because we did not offer gaming operations under our licence and does not entail any financial consequences.

"We look forward to a launch in Sweden and continue to monitor market conditions in order to seize the opportunities that arise."

While a firm launch date isn't available, it appears that we'll be seeing Optibet and BestBet on the market in the very near future.