Tag Archives: Sweden

Spelinspektionen demands tightening of Sweden’s AML codes

Issuing a market update, Swedish gambling inspectorate Spelinspektionen detailed that it has requested specific amendments to be introduced to Riksdag (Swedish Parliament) approved measures and protections against money laundering. Spelinspektionen undertakes its parliamentary request, as it seeks to establish a new Swedish Treasury approved AML control system to monitor specific gambling transactions. On 1 January 2020, the Riksdag sanctioned new …

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UK recovery sees 888 confident of delivering on 2019 expectations

London-listed enterprise 888 Holdings is confident of delivering on its full-year 2019 earnings expectations after closing the year with revenues at an “all time high” for December trading. 888’s strong H2 performance was ‘underpinned by the continued success of the Group’s Orbit casino platform’ which was launched across a number of regulated markets. It also sustained improved revenues across its sport betting …

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Inbound Swedish reforms to toughen advertising and online casino requirements

Ardalan Shekarabi, Sweden’s Minister of Social Security, has told national media that the government is ready to publish ‘stage two’ of its regulatory approach on gambling, focusing on enforcing tougher advertising and marketing restrictions upon licensed incumbents. Recognised as one of the highest-profile MPs within the governing Socialdemokraterna (social democrats) party, Shekarabi is the former Minister of Civil Affairs, who …

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SkillOnNet powers Royalbet’s Europe launch

BetShah

Royalbet has become the latest online casino brand to integrate SkillOnNet’s licensing and compliance protocols to launch to players in regulated markets around the world.  As a result, the new online casino has been able to offer over 3,000 slots and casino games to players in the UK, Sweden, Denmark and other jurisdictions across Europe that accept Malta-licensed brands.  A …

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LeoVegas kicks off Vaxjo recruitment drive

Stockholm-listed online gambling group LeoVegas AB is seeking new engineering talent to join its IT hub in the Swedish city Vaxjo (Kronoberg county). This weekend, LeoVegas HR launched an innovative marketing campaign advertising in ‘code’ the vacancies the operator seeks to recruit, throughout Vaxjo’s city billboard. Operating since 2011, LeoVegas maintains three offices within its home market of Sweden located in …

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Swedish ombudsman warns operators of marketing duties

Sweden’s consumer ombudsman Konsumentverket (KO) has told national media that William Hill subsidiary Mr Green and Karl Casino – a property of L&L Europe – have breached Sweden’s advertising and gambling codes. The igaming operators have been accused of promoting marketing offers to customers registered with ‘Spelpaus’ Swedish gambling’s ’self-exclusion scheme. KO governance has issued warnings to Mr Green and Karl Casino with regards …

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Altenar extends sports betting reach through Finnplay

Finnplay

Altenar will be providing the sports betting services to a new set of customers in territories covered by a Malta Gaming Authority (MGA) licence after “long-standing partner” Finnplay – a Nordic-based open gaming platform provider – picked up its Type 2 licence. Stanislav Silin, CEO of Altenar, said: “Finnplay is a long-standing partner and customer of Altenar, and we are …

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Ninja collapse sees Global Gaming move to redefine business

Publishing its Q3 trading statement, Embattled Global Gaming AB records period operating losses of SEK 40 million (€3.7m), as the Stockholm-listed enterprise continues to suffer from the consequences of its home licence revoke by regulator Spelinspektionen. Recording declines across all core metrics, Global Gaming sees its Q3 corporate revenues fall by 78% to SEK 60 million (Q32018: SEK253m), as year-to-date …

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Global Gaming loses further Swedish appeal for Ninja Casino

Stockholm-listed Global Gaming AB has suffered a further setback in reviving the prospects of its flagship Ninja Casino property, after confirming that it latest ‘license revocation appeal’ has been rejected by Sweden’s Supreme Administrative Court. Following a summer of legal disputes challenging gambling regulator Spelinspektionen‘s termination of Malta-based subsidiary ‘SafeEnt’ licence on the grounds of ‘serious operating deficiencies’ in the management …

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BOS – Spelinspektionen needs to rethink its black market playbook

Swedish igaming trade association Branschföreningen för Onlinespel (BOS) thinks that the ‘channelisation strategy’ by regulator Spelinspektionen is failing to curb black-market demand. ‘Channelisation’ refers to the government’s directive of ensuring that  Swedish consumers only wager with Spelinspektionen approved licensed operators rather than unlicensed operators. This week, Spelinspektionen published figures which estimated that licensed wagering activities related to online casino, sports and …

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