Tag Archives: Finansinspektionen

GiG moves to solidify market position with Sportnco acquisition

Gaming Innovation Group (GiG) has confirmed its acquisition of Sportnco, with the aim of strengthening its status as a platform and media provider to the betting and gaming industry. Full completion of GiG’s takeover of turnkey betting and gaming solutions provider is expected in February 2022, and will enable GiG to leverage the company’s in-house developed sportsbook and PAM products. …

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Spelinspektionen shows new enforcement actions against Curacao operators  

Spelinspektionen – Sweden’s gambling inspectorate has taken direct action against a further 23 unlicensed operators deemed to be illegally targeting the country’s regulated online gambling marketplace  The inspectorate has informed its Swedish counterpart authorities and financial institutions of 23 Curacao-based businesses and their related websites that are undertaking illegal gambling activities. The public disclosure of illegal businesses forms part of …

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Spelinspektionen outlines new strategy against black market

Spelinspektionen – Sweden’s gambling inspectorate – has updated its strategy for “actions against illegal gambling activities”.  The inspectorate updated the strategic framework that has been in place since December 2019, implementing measures that “contribute to the channelling of gambling to legal alternatives”. Swedish stakeholders are reminded that although Spelinspektionen can launch investigations against unlicensed actors/activities, the regulator holds no law …

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LeoVegas moves to trade bonds on Nasdaq Stockholm

Finansinspektionen – the Swedish Financial Supervisory Authority – has approved for LeoVegas AB to trade its bond placements on the Nasdaq Stockholm.  The online gambling group, registered on the Nasdaq Stockholm as ‘LEO’, has made the move in accordance with the terms of its senior unsecured bonds of SEK 500 million (€50m) secured in September 2021, under a framework of …

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Catena orders €55m bond placement on Stockholm Nasdaq

Catena Media has applied for €55 million (£4.75m) of its senior unsecured bonds to be traded on the Stockholm Nasdaq. The transaction has been authorised by Finansinspektionen, Sweden’s Financial Supervisory Authority, with Catena providing a new company prospectus for investors. On 9 June, Catena secured an initial floating rate for its Nasdaq bond placement, allowing the Stockholm-listed publisher to price …

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Betsson to appeal ‘hefty’ Spelinspektionen penalty

Stockholm-listed Betsson AB will appeal its SEK20m (€2m) penalty issued by Spelinspektionen for the sale of games through ‘unregistered agents’ and the use of unauthorised bonus incentives. Responding to the penalty notice, Betsson emphasised that ‘the warning, the sanction and the hefty sanction fee come as a surprise’, and will be appealed. The group commented in a media release: “The …

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