Tag Archives: Norsk Rikstoto

Norsk Tipping and Rikstoto oblige regulator demands on marketing spend

Norsk Tipping sign

Norway’s two state backed betting operators, Norsk Tipping and Norsk Rikstoto, have complied with a regulatory request to roll back their marketing efforts. The state-owned companies, which offer sports betting and horse racing wagering respectively, were ordered to reduce the amount spent on marketing by the Lottstift, Norway’s gambling and lotteries regulator, back in July. Norsk Tipping, which in addition …

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Norsk Rikstoto to take Neccton partnership forward into new licence era

Norsk Rikstoto to take Neccton partnership forward into new licence era

Norwegian state-owned horse racing operator Norsk Rikstoto has renewed its partnership with Neccton, continuing to utilise the firm’s mentor software. The company will make use of the responsible gambling tool to spot early signs of potential harmful behaviours, whilst the upgrade will also include leveraging of Neccton’s cloud-based solutions. This will enable Rikstoto – which had its next 10-year licence …

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Norsk Rikstoto gets 10-year extension to horse racing monopoly

Stride racing syndicate

Norway’s state-backed horse racing betting operator Norsk Rikstoto has secured a substantial extension to its operations.  The parimutuel betting firm announced that it had received a 10-year renewal to its licence from the Norwegian government to continue its monopoly over betting on the country’s animal sports sectors. By maintaining the monopoly, Norway’s policymakers ensure that both the Rikstoto and the …

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Racing and Tote income drives BetMakers past FY22 winning post

SBC News Racing and Tote income drives BetMakers past FY22 winning post

Australian sports betting solutions supplier BetMakers has detailed a successful close to its 2022 financial year trading, as group revenue grew 370% year-on-year.  The firm, listed on the ASX stock exchange, achieved revenue of $91.6m for the full year, finishing June with a cash balance of AUS$87.6m and Q4 revenue ‘in excess’ of $100m. Additionally, in the final quarter BetMakers …

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Norsk Rikstoto selects BetMakers’ Global Tote as tote provider

SBC News Norsk Rikstoto selects BetMakers’ Global Tote as tote provider

BetMakers has made further inroads on the European sports betting space, signing an agreement with Norway’s Norsk Rikstoto. The 10-year agreement will see BetMakers provide new tote technology and services to the Norwegian horse racing pari-mutuel betting operator, including its Quantum tote engine as part of a fully managed SaaS solution. Quantum will be used to replace the current pari-mutuel …

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Kindred decries Norwegian Trannel order as ‘unlawful’

SBC News Kindred decries Norwegian Trannel order as ‘unlawful’

Kindred Group has faced significant regulatory hurdles in the Nordic markets over the past week, with two of its subsidiaries falling foul of authorities in Norway and Denmark.  Last week, the Norwegian Lotteries Authority informed the Nasdaq Nordic-listed gambling group’s Trannel International brand that it would be hit with a daily fine of NOK 1.2 million (€120,000) if it does …

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Norway targets unlicensed ‘foreign gambling companies’ with new legislation

SBC News Norway targets unlicensed ‘foreign gambling companies’ with new legislation

Norway’s Ministry of Culture has introduced a new Gambling Law, implementing tighter restrictions on unlicensed international betting companies operating in the country, as well as their affiliates. Proposed by the government on 18 June and described as a ‘milestone’ by Abid Raja, Norweigan Minister of Culture and Gender Equality, the new bill aims to merge the nation’s fragmented gambling frameworks. …

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Norway ‘losing control of online market’ due to rejection of state monopoly

SBC News Norway ‘losing control of online market’ due to rejection of state monopoly

The prevalence of a state monopoly has led to Norway ‘losing control of its online gambling market’ according to Maarten Haijer, Secretary General of the European Gaming and Betting Association (EGBA). Under the current system, Norway’s two operators – Norsk Tipping and Norsk Rikstoto – are both state-owned, with the former responsible for lotteries and sports betting, whilst the latter …

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Norwegian regulator supports ‘holistic regulation’ to maintain player protections

SBC News Norwegian regulator supports ‘holistic regulation’ to maintain player protections

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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Norway’s monopoly brought into question as problem gambling rates increase

SBC News Norway’s monopoly brought into question as problem gambling rates increase

New research carried out by the University of Bergen has revealed a 62% increase in Norway’s problem gambling rate, bringing the effectiveness of the country’s monopoly into question. The research, commissioned by Norway’s Gaming and Foundation Authority, surveyed 9,000 citizens aged between 16-74 and found that 55,000 people are now affected by problem gambling, with a further 122,000 estimated to …

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