Tag Archives: Stockholm

Strong B2C & B2B mix delivers Q3 double-digit growth for GiG

Gaming Innovation Group (GiG)

Oslo-listed online gambling firm Gaming Innovation Group (GiG) continues its strong 2018 momentum, reporting double-digit growth across all its core corporate metrics and performance KPIs for Q3 2018 trading. Citing group-wide initiatives undertaken to improve profitability and general performance, GiG records operating revenues of €37 million up 21% on Q3 2017’s €30 million. Updating investors, the Oslo enterprise details a …

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MRG Group’s effective enlargement sees strong start to 2020 journey

SBC News MRG Group’s effective enlargement sees strong start to 2020 journey

MRG Group (legacy Mr Green&Co), the third Stockholm-listed industry enterprise to publish its Q3 2018 trading update today, details strong progress on its diversification and geographic expansion initiatives. Detailing a further consecutive ‘record-breaking’ quarter performance, in which MRG records a 50% group revenue increase to SEK 445 million (€43 million). The Stockholm enterprise details a period of high customer activity, …

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Betsson AB continues recovery momentum as firm looks to ‘make its home mark’

SBC News Betsson AB continues recovery momentum as firm looks to 'make its home mark'

Stockholm-listed online gambling group Betsson AB, has this morning published its Q3 trading update (period ending 30 September), reporting robust growth achieved alongside a number of operational efficiencies implemented through its ‘back on track’ corporate recovery plan. Updating the market, Betsson records group Q3 revenues of SEK 1,427 million (Q3 2017: SEK 1,181m), detailing growth and strong player activity across …

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Henrik Tjärnström: Kindred Group – ‘Industry needs a collaborative approach on sustainability’

SBC News Henrik Tjärnström: Kindred Group - 'Industry needs a collaborative approach on sustainability'

Speaking at Kindred Group’s ‘Sustainable Gambling Conference’ (16 October 2018 – Stockholm) Group Chief Executive Henrik Tjärnström details that his firm is prepared to tackle the industry’s big obstacles on social responsibility and trust. Hosting the conference, Kindred gathered over 200 guests representing regulatory agencies, researchers, therapists and its competitors. Discussing the context of industry sustainability, Kindred governance highlights the …

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Kambi seeks to become ‘clutch player’ of NBA betting

SBC News Kambi seeks to become 'clutch player' of NBA betting

Stockholm-listed sports betting platform and software provider Kambi Group Plc views the start of the new NBA season as yet another early pacesetter for the liberalised US betting market. The technology group has revamped its entire NBA markets inventory, seeking to bring new betting dynamics to the unique sport of basketball. Kambi states that it has developed the sector’s most comprehensive …

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LeoVegas seeks to broaden tech talent pool launching Regulus Programme

SBC News LeoVegas seeks to broaden tech talent pool launching Regulus Programme

Stockholm-listed LeoVegas AB has launched its new corporate initiative ‘LeoRegulus Programme’ seeking to widen its talent development resources whilst further expanding its access to tech talent. The LeoRegulus initiative was disclosed to Swedish business news source Dagens Media last week by Chief Executive Gustaf Hagman alongside Group HR Officer Caroline Palm. Seeking to widen its tech talent pool, LeoVegas governance launches …

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Catena restructures board following departure of Anders Brandt

SBC News Catena restructures board following departure of Anders Brandt

Stockholm-listed industry affiliate marketing network Catena Media has moved to restructure its Board of Directors following the resignation of Anders Brandt. A board member since 2015, Brandt has voluntary resigned from Catena governance to pursue ‘personal interests and new assignments’. Updating investors, Catena Media Group Chairman Kathryn Moore Baker confirmed the appointment of Øystein Engebretsen as Brandt’s replacement on the …

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Mr Green refreshes Redbet sportsbook with Kambi

SBC News Mr Green refreshes Redbet sportsbook with Kambi

Stockholm-listed online gambling group MRG (formerly Mr Green & Co) has announced the relaunch of its Redbet European online sportsbook subsidiary.   The Redbet brand was acquired by MRG in December 2017, as part of the firm’s €7 million outright acquisition of Malta-based independent online gambling group Evoke Gaming. The Redbet sportsbook will be operated by MRG’s flagship online gambling …

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Cherry AB seeks new board as governance shrinks

SBC News Cherry AB seeks new board as governance shrinks

Stockholm-listed online gambling group Cherry AB has confirmed the departure of Anna Bergius and Claes Ruthberg as members of the Board of Directors with immediate effect. Their decision to depart Cherry’s governance follows the Swedish Economic Crime Authority’s confirmation that both board members will be investigated in connection with ‘insider trading allegations’ charged against former Cherry AB CEO Anders Holmgren. …

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LeoVegas strengthens compliance efforts via new position

LeoVegas

Swedish online gambling group LeoVegas AB has announced a further strengthening of its compliance and legal efforts, with the creation of a new Chief Compliance and Legal Officer (CCLO) role within the firm’s core management group. Issuing a desire to enhance its focus on compliance “by providing training throughout the entire organisation and expanding the teams in these area,” LeoVegas …

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