Vivaro and Fair Play Bets lose Swedish licences

Two operators have seen their licences revoked in a recent decision from the Swedish Gambling Authority

Two operators feature seen their licences revoked inwards a recent decision from the Swedish Gambling Authority.

Vivaro has missed both its online gaming and betting licences, while Fair Play Bets only when saw its online gaming licence taken back.

In a financial statement published on its website, the Swedish Gambling Authority (Spelinspektionen), defended its determination past claiming the operators had not begun either activity for which the licences were intended within unity year of them coming into force.

Vivaro was granted its licences to cater online commercial gaming and online betting on 3 June 2020, spell Fair Play Bets saw its licence awarded almost unity month later on 1 July.

These licences required both parties to set about activities related to online gambling, however, Vivaro reported sales amounting to zero Swedish krona from June 2020 to May 2021, spell Fair Play similarly reported no sales 'tween July 2020 and June 2021.

This triggered two disunite reviews from the regulator, with Vivaro’s showtime on 13 July 2021 and Fair Play’s on 13 August.

In its defence, Vivaro stated the Covid-19 pandemic and in particular its force on the company’s stave in Republic of Armenia as reasons for its failure to start the relevant stage business operations.

In addition, the troupe continued, the state of war with Azerbajdzhan Republic resulted in over 50 of its employees existence sent forth to fight. Vivaro also added that for a to a great extent regulated jurisdiction the like Sweden, it is important to expend extra time preparing for launch.

Fair Play’s logical thinking differed slightly, stating instead that no gaming operations feature been initiated due to a collective restructuring which required a temporary simplification in costs and labour.

However, neither argumentation was sufficiency to sway the Swedish play guard dog who went forward with its archetype determination to revoke both operators’ licences.

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