Tag Archives: Sweden

Spelinspektionen issues ban on yellow card markets

Spelinspektionen, the Swedish gambling regulator, has issued a further crackdown on match-fixing after confirming that it will ban betting markets on rule violations such as expulsions, penalties and yellow cards in football. The new rules, which come into force from 1 January 2021, will be applicable to games played in Sweden. The regulations, according to the regulator, will mean that …

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Costello: ‘Swedish limits aren’t for player protection, they’re just pure politics’

Recognised as one of igaming’s most lucrative marketplaces, conditions in Sweden have been drastically altered following the government enforcing a series of wagering and deposit restrictions. The safer gambling measures were instantly criticised by licensed operators as well as the country’s regulator. The panel discussing ‘the fallout from Sweden’ at the SBC Summit Barcelona – Digital weighed in on developments. …

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LeoVegas hits back at Swedish regulations despite Q2 successes

Despite a series of regulatory changes across its core markets, LeoVegas AB has praised its ‘continued solid growth and profitability during a period of exceptional circumstances’ as it published its Q2 2020 results (period ending 30 June). The Stockholm-listed online gambling group noted that ‘the effects related to COVID-19 are judged overall to have had a positive impact on NGR …

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Betsson outrides pandemic challenges as regulatory dramas loom

Betsson AB has published its 2020 interim results stating that it has ‘delivered all-time highs in revenues under the most challenging conditions’. The Stockholm-listed online gambling group praised its swift actions undertaken during March, which allowed the company to continue to ‘execute the strategic priorities’ as part of its ongoing transformation programme. Trading under unprecedented circumstances, Betsson recorded Q2 2020 …

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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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