Tag Archives: Sweden

Gustaf Hoffstedt: BOS – Sweden faces new realities following first stage of re-regulation

Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling (BOS), speaks to SBC on the early challenges and criticisms that a re-regulated Swedish market place has faced. _________________________ SBC: Gustaf, thanks for this interview. Leading BOS, can you detail your impressions on Sweden’s first quarter as a re-regulated online gambling marketplace?  Gustaf Hoffstedt: The re-regulation has been a …

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Strong Q1 opening sees Gambling.com push US agenda

Industry affiliate marketing publisher Gambling.com Group Plc has detailed a strong start to 2019 trading, as the firm moves to accelerate its US market agenda. Publishing its Q1 2019 trading update (period ending 31 March), Gambling.com details growth across all core business metrics, as revenues total €5.2 million (Q1 2018: €3.4m). Detailing strong ‘organic growth’, Gambling.com reports a period increase …

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Spelinspektionen strengthens Gibraltar ties with GGD collaboration

Spelinspektionen, Sweden’s newly reformed gambling regulatory body, has signed a memorandum-of-understanding (MoU) with the Gibraltar Gambling Division (GGD), seeking to cooperate in matters of public policy and further forming common interests. The GGD is a strategic unit of Gibraltar’s Ministry of Commerce, which details guidance on governing the British overseas territory’s vital igaming sector. Moving forward, Spelinspektionen and the GGD will …

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William Hill launches Swedish property – WilliamHill.se

FTSE250 betting group William Hill Plc has launched its Swedish market licensed online sportsbook property – WilliamHill.se. William Hill had confirmed in April that it would launch its Swedish sportsbook rebranding Redbet, the former sportsbook asset of MRG subsidiary Evoke Gaming. In its update, William Hill details that it has completed a major directive of its post €270 million MRG …

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Advertising complaints brought against ‘bad actor’ Svenska Spel

Svenska Spel has been reported to the Swedish Broadcasting Review Board, for allegedly breaching new laws in relation to betting/gambling advertising standards. The broadcast complaint has been filed by Swedish online gambling trade body – Branschföreningen för Onlinespel (BOS), who states that Svenska Spel has failed to provide responsible gambling information in relation to its Triss, Keno and Lotto advertising …

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Swedish adjustment sees GiG report Q1 2019 revenue dip

Issuing its first trading statement as a Nasdaq Stockholm-listed enterprise, Gaming Innovation Group (GiG) details a tough opening to 2019 trading, as the company undertakes Swedish market adjustments. Updating investors, GiG records a 13% group revenue decline to €32 million (Q12018: €37m), attributed to anticipated Swedish market costs following the re-regulation of the market. Swedish adjustments impacted GIG’s revenue segments …

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Betsson overcomes Swedish adjustment period to post Q1 regional gains

Stockholm-listed Betsson AB has declared a strong start to 2019 trading, as the company reports ‘strong regional growth’ offsetting adjustments within its home market of Sweden. Publishing its Q1 2019 trading update (period ending 31 March), Betsson records a 10% group revenue increase to SEK 1,330.6 million (Q12018: SEK 1,210m), detailing growth across its casino (+10%) and sportsbook (+13%) verticals. Updating …

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Global Gaming confirms exit of CEO Joacim Möller

Stockholm-listed Global Gaming has confirmed that Joacim Möller has resigned as Chief Executive of the company with immediate effect. Issuing a market update, Global Gaming confirms that company director Tobias Fagerlund has been appointed ‘acting CEO’, replacing Möller on a temporary basis. Fagerlund has been a member of the Global Gaming board since 2016. In its update, the operator confirmed …

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Kambi to power William Hill’s Swedish makeover

Issuing a short corporate statement this morning, Stockholm-listed sports betting platform supplier Kambi Group Plc has confirmed that it will provide a sportsbook vertical for William Hill’s Swedish market operations. The FTSE betting group enters the re-regulated Swedish online gambling marketplace having acquired the assets of European online gaming group MRG Group (Mr Green) for €270 million (deal completed January …

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Swedish government calls for review of ‘excessive’ gambling advertising

Hosting a press conference, Sweden’s Minister for Public Administration Ardalan Shekarabi has confirmed that the government will undertake a review of ‘aggressive marketing practices’ attached to licensed gambling incumbents. The Swedish government has sanctioned the Gaming Market Commission – Spelmarknadsutredningen to carry out the review – assessing whether to implement new tools or restrictions on ‘overly aggressive’ marketing practices. In …

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