Online casino operator Videoslots has recently named Anna Komemi as its Chief Operating Officer (COO), adding a seasoned professional with nearly two decades of experience in the iGaming industry to its leadership team. Despite this positive development, the company faces regulatory challenges, including a recent penalty imposed by the Swedish Gambling Authority related to anti-money laundering (AML) protocols.
Anna Komemi’s Background and Expertise:
Anna Komemi, with a career spanning back to 2007, brings a wealth of experience from various iGaming businesses across the globe. Her most recent role as CEO/Executive Manager at Marketplay involved contributing to the success and growth of the white-label casino company in Malta. Videoslots Deputy CEO, Ulle Skottling, expressed enthusiasm about Komemi’s passion and commitment to the industry, anticipating her significant impact as the company looks to expand in 2024.
Videoslots’ Extension in the Swedish Market:
Videoslots recently secured a five-year extension from the Swedish Gambling Authority, allowing the operator to continue its operations in the regulated Swedish market until the end of 2028. The extension reflects the company’s longstanding presence in Sweden since 2019, where it operates both its flagship brand and the newer addition, Mr. Vegas.
Compliance Challenges and Regulatory Scrutiny:
Despite the extension, Videoslots faces compliance challenges, particularly in the realm of anti-money laundering (AML) protocols. The Swedish Gambling Authority imposed a SEK 9 million ($810,000) penalty on the operator due to failures in monitoring customer activities, raising concerns about AML compliance. This penalty follows a previous settlement in June 2023, where Videoslots agreed to a £2 million ($2.5 million) settlement with the UK’s Gambling Commission for lapses in social responsibility and AML.
Path Forward and Ambitions for 2024:
In light of these challenges, Anna Komemi expressed her excitement about joining Videoslots and her commitment to helping the business reach its full potential. The team, consisting of industry professionals with extensive knowledge and experience, aims to overcome compliance hurdles and achieve ambitious goals in the new year.
Videoslots’ appointment of Anna Komemi as COO marks a significant addition to its leadership team, bringing in a seasoned professional with a track record of success in the iGaming industry. Despite regulatory challenges and recent penalties, the company remains focused on its expansion plans in 2024. The extension granted by the Swedish Gambling Authority provides Videoslots with an opportunity to address compliance issues and continue its operations in the Swedish market, emphasizing the importance of robust AML protocols in the evolving landscape of online gambling.