The Swedish Gambling Authority (Spelinspektionen) temporarily revokes Charm Entertainment AB’s licence after investigation.
The investigations uncovered inconsistencies in Charm’s financial statements as well as personnel suspected of having committed accounting violations. Consequently, all operations were ordered to stop.
The ruling, effective from October 1, 2026, will remain in force pending completion of the court proceedings, but in any case for no longer than until April 1, 2027. This decision by the regulator was based on Charm’s 2023 to 2025 annual reports and materials of an ongoing criminal investigation which was held at Södertälje District Court.
The regulator quoted a number of reasons for the decision, claiming that it has “sufficient reasons” to suspect that Charm does not comply with the requirements for consideration of license applications. Both current and former executives of Charm are facing serious charges including aggravated accounting crimes involving individuals connected to Lucky 21 Casino AB, a former legal gambling operator.
Spelinspektionen pointed out the seriousness of the charged crimes and the interconnection of the individuals involved in Lucky 21 Casino AB and Charm’s activities.
Though this decision is subject to review, but it may last up to six months initially, with a possibility to prolong it for six months if necessary.