Tag Archives: Sweden

Spelinspektionen reminds operators of AML responsibilities

The Swedish Gambling Authority, Spelinspektionen, has issued guidance for licence holders which outlines ‘common risks’ and examples of how online games can be used for money laundering and terrorist financing. Spelinspektionen also included some of its own observations on the actions that operators have previously taken to combat money laundering, emphasising that operators must assign customers a risk level when …

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David Pope: HooYu – Betting needs to stay alert on temporary KYC actions

The four months of global lockdown has seen several regulators place temporary player restrictions across licensed gambling marketplaces.    Facing further regulatory scrutiny, David Pope Marketing Director of digital customer identification solutions provider HooYu tells SBC that betting would be foolish to think of new KYC demands as pandemic stopgap measures.  _____________________ SBC: Hi David, great to catch-up. Are you …

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Pinnacle lays out high ambitions for Swedish sportsbook return

Pinnacle has relaunched its low margin bookmaker services for the re-regulated Swedish online gambling marketplace, ending its two-year hiatus.     Coinciding with last weekend’s start of the delayed Allsvenskan Swedish football season (14 June), Pinnacle arrived with a “full array of markets”. Recognised as one of the industry’s oldest online sportsbooks (founded in 1998), Pinnacle had secured its Spelinspektionen sports betting …

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Swedish government green lights tighter restrictions despite industry backlash

Sweden’s government has given the green light for temporary restrictions to be placed on the country’s regulated gaming market despite industry protests against the measures.  The measures will be rolled out from 2 July and remain in place until the end of the year. The SEK5,000 weekly deposit and SEK100 bonus offer limits, which will not be applicable to the …

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BOS: Tightened regulations ‘might cause irreversible damage’

BOS, the Swedish Trade Association for Online Gambling, has urged the government to withdraw its suggested measures to tighten regulations on the online casino industry. BOS pointed out that initial concerns relating to an increase in online casino during the lockdown had not occurred, and that the imposition of new measures would have a further negative impact on chanellisation. Gustaf …

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Martin Lycka: The Gambling Prince of Sweden

GVC’s Director of Regulatory Affairs Martin Lycka offers a dramatic twist on the Swedish licensing process, in which operators may not get the curtain call they’ve been looking for. Act I – A Truly Glorious Day January 1, 2019. A momentous day in Swedish gambling history. The online gambling market opens. A fanfare sounds. The curtain goes up. Licensed operators …

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Winning Post: Pre-COVID fragility doesn’t bode well for UK gambling

Regulus Partners begins the week by looking at the gambling industry’s perceived fragility pre-COVID and the Swedish ministerial ‘climb down’ on deposit and bonus limits. UK: Regulation – Daily Mail relieves Gambling Commission of duty It seems that one of the effects of Covid-19 has been an abacus shortage in officialdom, so little do matters add up anymore. This week, …

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Svenska Spel delivers major venue upgrade by going cashless with IGTPay 

Svenska Spel has ushered in a ‘new era of gaming’ by announcing that it has deployed IGT’s ‘IGTPay’ cashless payment provisions across its venues.  Sweden’s gambling monopoly has amplified its venue payments capacity, having recently upgraded its VLT operating platform to IGT’s ‘INTELLIGEN’ and Quasar systems. The upgrade enables Svenska Spel customers to have the option to transact safely and …

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Better Collective moves fast to mitigate COVID-19 as esports journey begins

The business model for Better Collective has shown resilience against COVID-19 headwinds, as it moves to diversify its publishing assets to compete within the esports market.  A strong opening to 2020 trading saw Better Collective record a 40% increase in group revenues to €20m (Q12019: €15m), which has been driven by a combination of improved sports win margins and increased …

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LeoVegas launches home campaign against the black market

LeoVegas AB has launched a Swedish public awareness campaign promoting safe play with licensed online gambling incumbents.  The Stockholm-listed online gambling group said it has chosen to launch the campaign to defend the industry against common misconceptions and falsehoods. LeoVegas wants to drive awareness of licensed online gambling incumbents, after independent reports highlighted that the Swedish government has failed in …

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