Regulators found that Charm no longer meets the requirements set out in Sweden’s Gambling Act, pointing to failures in tax compliance, accounting, and bookkeeping. The suspension will stay in place until a final ruling is made, but no later than April 1, 2027.
The case goes back to May 2026, when the Authority opened a supervisory review of Charm’s annual reports. That review ran alongside a separate criminal case at Södertälje District Court, where current and former members of Charm’s leadership face charges including aggravated accounting offenses. Those charges connect to Lucky 21 Casino AB, a previously licensed operator that shared staff, venues, and a business model closely connected to Charm.
Regulators concluded that the same kind of misconduct seen at Lucky 21 appeared to be continuing under Charm’s management, and that the overlap in personnel between the two companies kept the risk of further mismanagement high.
Based on these findings, the Authority decided that Charm had breached its obligations under the Gambling Act and didn’t meet the conditions needed to hold a license. The regulator stated that the suspension could last up to 6 months; however, it’s also possible that the order will be extended for an additional 6-month period.
