The CEO comments on the Swedish Gambling Authority decision

2020-03-11

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The Swedish Gambling Authority has given Enlabs a warning because the company did not offer gaming operations under its Swedish gaming license yet.

“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 license no later than June 2020, and thus retain the license. In particular, I would like to emphasize that the authority’s warning only arises because we did not offer gaming operations under our license 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” says George Ustinov, President and CEO of Enlabs.

 

For more information, please contact:

Enlabs AB

George Ustinov, CEO

[email protected] / +371 2 9424175

Adam Jonsson, CFO

[email protected] / +46 738200058

 

About ENLABS

ENLABS stands for Entertainment Laboratories. We are a company that creates entertainment through innovative thinking within three business areas: Gaming, Media and Solutions. The corporate group has offices in Tallinn, Riga, Vilnius, Malta, Marbella and Stockholm. The operating subsidiaries hold national licenses for their operations and the Group employs approximately 200 employees. Enlabs AB (NLAB) is listed at Nasdaq First North Growth Market with Redeye AB as Certified Adviser: [email protected], +46 (0)8 121 576 90.  

For more information, visit enlabs.se

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