Tag Archives: Sweden

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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US acquisitions boost Better Collective balance sheet

Better Collective

Better Collective said acquisitions in the US and Sweden had positively impacted its total growth in Q3 2019 (1 July to 30 September) after posting record quarterly revenues of €17.13 million – up 54 per cent from €11.13 million in the corresponding period of 2018. The industry affiliate added that organic revenue growth was 25 per cent. EBITA before special …

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Home market adjustments impact Kindred’s YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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SBC Webinars and CasinoBeats present Sweden’s Gaming Trial: Tricks, Treats & Take-Downs

Swedish gaming industry webinar

The SBC Webinars series continues on Wednesday 30 October 2019 when CasinoBeats presents Sweden’s Gaming Trial: Tricks, Treats & Take-Downs.  Building on the compelling and much-praised Swede Dreams session at the recent CasinoBeats Summit in London, the webinar will see a panel of Swedish market experts undertake an in-depth examination of the market since re-regulation at the start of the …

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Spelinspektionen clears four of underage betting allegations

Swedish gambling regulator Spelinspektionen has ruled that four operators have been cleared following allegations that they had offered markets on sporting events which included a ‘majority of participants’ under the age of 18.  ATG, Betsson, Hillside Sports and Kindred Group-owned Spooniker all had cases cleared by Spelinspektionen after it was initially thought that the four operators had offered markets on the …

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Winning Post: Sweden stresses its ‘duty of care’

Opening the week, industry strategic consultancy Regulus Partners provides insight into whether Swedish gambling operators can effectively deliver a ‘duty of care’ to customers, and how the introduction of further problem gambling clinics can support harm prevention. UK: safer gambling – Leeds follows London on gambling disorder clinic This week, the second NHS clinic for problem gambling opened in Leeds. …

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Svenska Spel’s Fredrik Wastenson reviews Swedish market re-regulation

Svenska Spel

Sweden’s online gambling industry has endured a turbulent period since legislation to re-regulate the market came into force at the beginning of 2019. We spoke to Fredrik Wastenson, CEO Svenska Spel Sport & Casino, for his take on events. Ahead of his appearance on the Nordics – Navigating Risky Waters in Uncertain Times panel at Betting on Sports 2019, the …

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Spelinspektionen warns payment providers of unlicensed operators

Sweden’s Spelinspektionen has contacted a number of payment service providers issuing a warning them to not conduct business with unlicensed gambling operators.  The regulator emphasised that payment companies which work alongside unlicensed operators were violating the country’s Gaming Act. Spelinspektionen stated that working alongside such operators could result in unfair competition and a loss of tax revenues across the regulated …

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