The Swedish Gambling Authority (Spelinspektionen) has temporarily revoked the casino license of Charm Entertainment AB, effective immediately. This decision, dated October 1, 2026, mandates the cessation of all licensed operations and will remain in place until either a final determination is made or until April 1, 2027, at the latest.
The investigation into Charm began on May 27, 2026, as part of a supervisory review focused on the company’s adherence to the Swedish Gambling Act as well as various tax, accounting, and bookkeeping requirements. The regulator examined annual reports from Charm covering the years 2023 through 2025, and assessed documentation related to an ongoing criminal preliminary investigation presented at Södertälje District Court.
The suspension of Charm’s license was based on several factors. Spelinspektionen noted “probable reasons” to conclude that Charm does not currently meet the legal requirements necessary for maintaining a gambling license. Among the serious allegations are charges against both current and former executives of the company for aggravated accounting crimes related to Lucky 21 Casino AB, another casino operator that previously held a license.
The operations of both companies are in close proximity and share significant personnel, suggesting that some irregular practices identified at Lucky 21 might have continued within Charm.
The investigations pointed to discrepancies in Charm's annual accounts, specifically the submission of two different filings for the financial year 2023, raising serious doubts about the validity of their bookkeeping practices.
Given the gravity of the alleged offenses and the overlap of personnel between Lucky 21 and Charm, Spelinspektionen deemed it necessary to impose an immediate suspension to prevent possible criminal activities or operational deficiencies related to accounting standards.
Though Charm can appeal the decision, the initial revocation could last for up to six months, with a potential extension of another six months under special circumstances. In a separate recent case, Spelinspektionen had its fine against Malta-based LeoVegas overturned after a court found the evidence regarding their violations of Sweden's Gambling Act to be insufficient. The court’s ruling, made on June 12, 2026, completely reversed the earlier regulatory penalty following a thorough examination of evidence and legal arguments presented by LeoVegas.
