Tag Archives: Svenska Spel

Svenska Spel has extended its long-term partnership with the Association of Women’s Elite Football in Sweden (EFD). The new agreement will see Svenska Spel, a state-owned operator of betting and casino gaming products, continue as the main sponsor of the Swedish football body.  The operator will also, again, award a European bonus to the teams that represent the country in …

Svenska Spel has announced the inbound appointment of Anna Johnson as the new CEO of Sweden’s state-owned gambling and lotteries group. As declared by the board of Svenska Spel, Johnson will join the company in June 2024, succeeding outgoing CEO Patrik Hofbauer, who is set to become the Chief Executive of Telia Company, Scandinavia’s largest telecommunications firm. Johnson joins Svenska …

The Board of Kambi Group Plc has initiated a share repurchase programme following the mandate approved by investors of the Stockholm-listed sports betting technology group at the Extraordinary General Meeting (EGM) on 19 June 2023. Initiated on the morning of the announcement, the buyback programme will run until 21 May 2024, allowing investors to repurchase Kambi Group plc shares up …

Svenska Spel is distributing SEK 35 million to youth sports this year through its Gräsroten initiative.  Shared between 8,654 different associations, the money goes to, among other things, the purchase of new equipment and leadership training, while for some associations it means an opportunity to carry out projects on important issues.    The Gräsroten initiative was launched 11 years ago and, …

Artificial Intelligence is the next major growth driver in the betting space according to  Kambi’s CEO Kristian Nylen following the group’s Q3 earnings presentation, and is an area the company intends to take strides in. As well as announcing its achievement of significant financial targets, such as a 15% increase in revenue to €42m, Kambi today revealed a new name …

Kambi Group Plc has reaffirmed its long-term commercial prospects following strong Q3 trading in which it has secured transformative agreements with Svenska Spel and LiveScore Group. Publishing its Q3 2023 trading update, the Stockholm-listed sports betting technology group achieved corporate revenues of €42m, up 15% on Q3 2022 comparatives of €37m.  Headline growth was achieved despite Kambi registering a lower …

Patrik Hofbauer will end his five-year tenure as President and CEO of Sweden’s state-backed betting and lottery corporation, Svenska Spel, in the new year. Having first assumed the leadership position at the operator in 2018 after an extensive career in media and communications, Hofbauer has overseen the group’s activities during a transformative few years for the Swedish gaming market. Hofbauer’s …

Recognised as the most stable and ever-present business segment in global gambling, 2023 has seen the lottery sector undergo a tectonic shift in its competitive makeup. A playfield reserved for giants has evolved. Across European markets, lottery operators have emerged from a period of profound reflection, prompted by changing consumer demands after two years of pandemic-induced adjustments. Consequently, new perspectives …

 Svenska Spel has announced that it will sponsor “50 Swedish athletes from 40 different sports” continuing its ‘Elite Sports Scholarship’ programme in partnership with Riksidrottsförbundets, Sweden’s Sports Confederation. The flagship sports directive of Sweden’s state-owned gambling and lotteries monopoly received applications of 353 athletes from 36 different Swedish sports federations to join its 2023/2024 programme.  Scholarship recipients will receive SEK …

Kambi Group Plc has won an exclusive commercial tender to enhance and diversify the end-to-end sportsbook capabilities of Svenska Spel. Announced as a ‘major coup’ for the Stockholm-listed technology group, Kambi will power ‘Svenska Spel Oddset’, the flagship sportsbook brand of Sweden’s state-owned gambling and lotteries group. Svenska Spel has enlisted Kambi to supply all sportsbook-related provisions to deliver a …