Betsson AB has maintained confidence in its sports betting operations, with revenue in the sector offsetting a decline in casino, whilst also lauding its acquisitions strategy but acknowledging hurdles in the newly regulated Dutch market. Publishing its Q3 trading update, the Nasdaq Stockholm registered group reported overall revenue of SEK 1,733.3 million, representing a 3% increase on the corresponding quarter …
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Lotteritilsynet, Norway’s gambling regulator, has reaffirmed its belief that proposals for a new common gambling law will facilitate ‘a more holistic regulation of the Norwegian gambling market’. Responding to the Ministry of Culture’s consultation on regulatory reform of the gambling industry, Lotteritilsynet stated that a reform is needed which ‘will ensure responsible gambling’. Earlier this year, Abid Raja, Norway’s Minister …
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Lotteritilsynet, Norway’s lottery and gambling inspectorate, has confirmed that it has provided NOK 30 million (€3m) in direct relief for ‘volunteer organisations’ to help Norwegian communities overcome COVID-19 impacts. This summer, Lotteritilsynet launched a ‘crisis fund’ allowing non-profits and volunteer groups to secure direct funding, helping organisations continue to provide vital support for Norway’s vulnerable communities. Updating the media, Lotteritilsynet …
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Norway’s Ministry of Culture has confirmed its support for a consultation to consolidate the nation’s gambling laws into a single legislative framework. Endorsed by Culture Minister Abid Raja, the consultation will form the basis for a new bill to merge Norway’s three existing gambling mandates – ‘1992 Gambling Act’, ‘1995 Lottery Act’ and ‘1927 Totalisator Act’. Forwarding the proposal to …
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Speaking to national media, Gunn Merete Paulsen, Director General of Lotteritilsynet – Norway’s gambling authority – has stated that the government’s tougher stance against foreign betting operators is working. Presenting Lotteritilsynet’s annual report, Paulsen details that in 2018 Norway saw its first decrease in remote gambling interactions/engagements following years of growth. Tougher measures introduced by the government including remote gambling payment …
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The executive of pan-national industry trade body – the ‘European Gaming & Betting Association – EGBA’, has accused Norway’s gambling authority Lotteritilsynet of regulatory over-reach for demanding that national banks block payments deemed to correspond with online gambling transactions. EGBA governance reacts to weekend news reports that Lotteritilsynet is actively targeting the restriction of payments of six Malta MGA licensed operators …
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Norway’s gambling authority Lotteri-og Stiftelsestilsynet (Lotteritilsynet), continues its hardened stance against remote gambling operators, deemed to be illegally targeting national consumers. Upping its command on restricting remote gambling services, this weekend Lotteritilsynet revealed that it had ordered all Norwegian licensed banks to block payment transactions which could be identified for the purposes of online gambling. The Times of Malta reports …
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This round up features controversy over the prolonged construction of a new casino in the United States, a Northern Irish publican appealing the court’s decision that he isn’t fit to hold a licence and a Maltese DFS summit, amongst others. Charity lottery launched in Scandinavia Zeal Group and Unicef have teamed up to launch Norway’s first digital only charity lottery, …
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Norway’s Ministry of Justice has recommended that Norway’s government and gambling regulators toughen their stance on unlicensed online gambling and sports betting operations. The Ministry had recently published the results of a study conducted on the Norwegian online gambling sector. It found that approximately 10% of its current market wagers were being processed through unlicensed operators. The study found that …
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Ladbrokes is set to withdraw its betting services from Switzerland, Hungary and Norway as the operator reviews its international operations. The operator stated that it would leave these jurisdictions after undertaking legal and regulatory reviews of European igaming frameworks. The withdrawal from the above mentioned territories comes as the United Kingdom prepares for the start of the new Point of …
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