In Sweden, the regulator banned the software provider Simba NV for operating without a license
In Sweden, the regulator banned the software provider Simba NV for operating without a license and targeting Swedish players through the brands Betblast, SlotMonster, and FoxyGold
Reason for the ban on Simba N.V.’s activities
Simba N.V. was banned by the Swedish regulator for operating without a license on the Swedish gambling market.
The company provided services through the brands Betblast, SlotMonster, and FoxyGold, targeting Swedish players without the required authorization.
What the Swedish regulator says
Spelinspektionen, the Swedish gambling supervisory authority, stated that Simba N.V. was banned due to the lack of a Swedish gambling license.
The regulator’s statement notes:
- Simba N.V. does not have permission to operate in Sweden.
- The company violated Swedish laws by offering gambling without a license.
- Simba N.V.’s actions contradict Spelinspektionen’s strategy aimed at supporting licensed legal operators.
Goal and strategy of Spelinspektionen
Spelinspektionen emphasizes that the main task is to ensure that players choose operators with a Swedish license. To achieve this, the authority actively imposes bans and measures against illegal companies.
The regulator publishes decisions on bans on its official website, making the process transparent and clear for all market participants.
Main points of Spelinspektionen’s strategy:
| Goal | Measures | Result |
|---|---|---|
| Support of legal operators | Issuance of licenses and control of compliance with rules | A clean and safe market |
| Fight against illegal gambling business | Imposition of bans and fines, publication of offender lists | Protection of players and the state |
| Transparency and public information | Publication of decisions on the official website | Increased trust in the market |
Brands under the ban: Betblast, SlotMonster, and FoxyGold
Simba N.V. operated several gaming platforms that actively attracted players from Sweden:
- Betblast
- SlotMonster
- FoxyGold
All these brands are now banned from operating within the country due to Simba N.V.’s lack of a license.
Consequences for players and the market
The ban on Simba N.V.’s activities is intended to:
- Limit access to illegal gambling.
- Protect players from dishonest operators.
- Strengthen the position of licensed companies.
Players are advised to choose only those operators who have an official license to operate in Sweden to avoid security and legal issues.
Conclusion
The Swedish regulator banned Simba N.V. for operating without a license and targeting Swedish players through the brands Betblast, SlotMonster, and FoxyGold.
This confirms the seriousness of Spelinspektionen’s approach to market control and consumer protection in the gambling sector.