Tag Archives: Sweden

Betsson H1 results disrupted by tough regulatory dynamics

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

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Vasilije Lekovic, Trustly: How Pay N Play puts players straight in the action

Pay N Play

Vasilije Lekovic, Director of Gaming Accounts at Trustly, spoke to SBC News about the impact Pay N Play® has on the registration and account verification process, how it has become an “industry standard” in Sweden, and why a new addition to the Pay N Play family is ready to revolutionise conversion from affiliate websites.  SBC: Can you quickly summarise what …

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Gustaf Hoffstedt: BOS – Swedish market requires clear guidance on under-18 wagering criteria

Gustaf Hoffstedt, Secretary-General of Swedish online gambling trade association BOS, has requested that gambling inspectorate Spelinspektionen offer clarity on recent fines related to ‘betting on sports events’ sanctioned under Chapter 8 of Sweden’s revamped Gambling Act. Requesting an ‘urgent meeting’, the BOS leader urges Spelinspektionen to offer ‘clear and detailed guidance’ on Chapter 8 and its board definition, related to …

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OPTIMA hits compliance high points for GLI-33 certification

OPTIMA

OPTIMA has achieved Gaming Labs International (GLI) certification GLI-33 for its OPTIMAMGS™ sports betting and gaming system. Meanwhile, the award-winning betting technology supplier also secured GLI certification to service the re-regulated gambling market in Sweden, after passing special checks around player protection and self exclusion systems. This Swedish go-ahead arrives just a week after the company obtained the certification to …

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KPMG terminates Global Gaming auditor contract

Stockholm-listed online gambling group Global Gaming AB seeks a new auditor, as incumbent KPMG sanctions an ‘early termination’ of its existing contract. Yesterday, Global Gaming CEO Tobias Fagerlund issued a corporate statement, informing investors that KPMG account auditor Jonas Nihlberg had called for a termination of services. An embattled Global Gaming finds itself at the centre of a Swedish market …

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Svenska Spel appoints trusted hand Mikael Franzén as Group IT lead

Swedish state-owned gambling operator Svenska Spel has confirmed the promotion of Mikael Franzén to the position of Group IT Director. Franzén currently serves as Vice President of Svenska Spel’s B2B sports & casino division and will assume his new role on 1 September 2019, reporting directly to Svenska Spel Group CEO Patrik Hofbauer. An expert in the development of gambling systems …

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Global Gaming moves to challenge Swedish Ninja Casino suspension

The governance of Global Gaming AB has confirmed that it will challenge Swedish gambling inspectorate Spelinspektionen suspension of its Ninja Casino property. This morning, Spelinspektionen issued an update detailing that it had revoked with immediate effect the license of Global Gaming subsidiary SafeEnt, the operating firm of Ninja Casino. SafeEnt has been charged with multiple failures relating to ‘care of …

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Altenar makes Swedish debut through LuckyCasino launch

Altenar

Altenar has made its regulated Swedish market debut after launching the LuckyCasino.com sportsbook in late May. The addition of Altenar’s sportsbook marked LuckyCasino’s first foray into sports betting, adding to an existing casino product portfolio of slots, table games and live casino. “We are really pleased with the work that Altenar has done, which will strengthen our customer offer and improve our …

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Spelinspektionen collaborates with authorities on anti-money laundering initiatives

Sweden’s Spelinspektionen has strengthened its fight against money laundering and terrorist financing after agreeing to team up with sixteen of the country’s authorities to introduce new protocols to combat corruption. Arising from the results of a new national risk assessment to identify and assess Swedish authorities’ challenges in the area, it has since been emphasised by the authorities that it …

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Svenska Spel collaborates with SEF to offer integrity lectures

Swedish state-owned gambling operator Svenska Spel has secured a new agreement with Swedish Elite Football (SEF) which will see the duo collaborate in offering education surrounding match-fixing and sport integrity. Svenska Spel and the SEF will deliver a series of lectures at Sweden’s annual youth tournament, The Gothia Cup, which will primarily focus on addressing the dangers of match-fixing and …

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