Norwegian state gaming operator Norsk Tipping has confirmed that sports betting omni-channel platform supplier Optima has won the tender to supply the firm with a new sportsbook integral solution for potentially the next 12 years. The successful offer also included integrated sports data feed and trading services from Sportradar, the major sports betting services supplier which last week agreed a …
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Norway’s gambling authority Lottstift has written to national media operators, warning incumbents that it will not tolerate the publishing of betting odds or promotion of online betting brands towards the general public. Writing to national media stakeholders, Lottstift emphasises news publishing as a specific concern which it seeks to address, stating that publishers have allowed newspapers to print odds in …
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Oslo Economics has published a report examining Norway’s current monopoly gambling framework serviced by state-owned incumbents Norsk Tipping and Rikstoto. In its report, Oslo Economics – a Norwegian non-governmental agency researching national policy impacts – investigates the potential ‘risk of transition’ facing national stakeholders, should Norway replace its existing ‘exclusive rights model’ for an ‘open licensing framework’ favoured by private enterprises. The agency assesses …
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On Sunday night, the governance of the Norwegian Chess Federation Congress (NSF) voted against the ‘cooperation deal’ proposed by Kindred Group Plc flagship subsidiary Unibet. This June, Unibet marketing had propositioned a five-year principal sponsorship deal of the NSF, valued at NOK 50 million (€5m), representing Norwegian Chess’ biggest ever sponsorship. Lottstift, Norway’s national gambling regulator, would warn NSF governance ‘to …
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A potential tie-up between Norges Sjakkforbund (NSF) – Norway’s Chess Federation – and online bookmaker Unibet may turn into a political showdown for multiple national stakeholders. Norwegian media reports that NSF has been approached by Kindred Group Plc’s flagship sportsbook property Unibet, offering the federation a NOK 50 million (€5m) partnership – Norwegian Chess’ biggest ever sponsorship. Reacting to the news, …
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Kommunal Landspensjonskasse (KLP) Norway’s €70 billion public pension fund has confirmed that it will no longer invest in gambling or alcohol-related enterprises. Business news sources have reported that KLP governance has sanctioned a complete sale of its holdings in gambling and alcohol businesses, impacting around 90 firms. Moving forward, KLP states that it will no longer invest in companies that …
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Norway’s Gaming Authority Lottstift has demanded that ‘Trannel International’ – a subsidiary of Stockholm-listed Kindred Group Plc – cease its market operations immediately. The regulatory body states that the Trannel syndicated properties of Unibet, Maria Casino, Storspiller and BingoLottstift have ‘actively targeted’ Norwegian consumers, breaching the nation’s gambling code. In its update, Lottstift has charged Trannel/Kindred properties of ‘knowingly targeting’ Norwegian consumers …
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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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The governance of Stockholm-listed European online gambling operator Kindred Group Plc has moved to file a lawsuit against Lotteri-og Stiftelsestilsynet (Lotteritilsynet) – Norway’s national gambling and lottery authority. Kindred has accused Lotteritilsynet of conducting unfair restrictions and regulatory overreach on its business services, including the blocking payment transfers and sanctioning a ban on Kindred apps listing on the Apple App Store …
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