Tag Archives: Sweden

Swedish Parliament unanimous in approving new Gambling Bill

As anticipated Sweden’s Parliament has approved the mandate of the new Gambling Bill, which will revamp the nation’s gambling industry framework and introduce national legislation for online gambling services. Having been approved by all Swedish parliamentary committees, the Gambling Bill was forwarded for a final review and vote on Thursday 7 June. The Gambling Bill received a unanimous 93% (282 …

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Kambi closes in on ATG deal as Sweden prepares for reform

Kambi has announced it is close to finalising a deal with Swedish horse racing operator AB Trav och Galopp (ATG) for the provision of its premium sports betting services. As part of the newly formed partnership, ATG will enhance its offering with the integration of Kambi’s renowned sportsbook product. The group has outlined that internal product testing will commence  imminently. …

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Reformed Swedish Gambling Act set for final vote this Thursday

Sweden’s Cultural Affairs Committee has detailed its support for the legislation to revamp the national gambling framework, introducing the new ‘Swedish Gambling Act’ replacing the 1994 Lottery Act and the Casino Act of 1999. The committee has recommended no changes to the legislation, which will now be forwarded for a final debate and voting by Parliament set for Thursday 7 …

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Flotation to net Better Collective £50m

Better Collective has outlined that as part of its initial public offering (IPO), by 8 June it plans to have released shares onto the Nasdaq Stockholm stock exchange. The offering is going to be made to the public in Sweden and to institutional investors in Sweden and abroad.  Publishing its prospectus, the group detailed the price range for the company’s listing …

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Swedish Open serves up tennis turnover growth on LeoVegas

LeoVegas Swedish

LeoVegas will resume sponsorship of the Swedish Open in Båstad, after the success of last year’s strategic effort to profile its fast-growing live tennis offering. Live betting on tennis, especially through mobile devices, is one of the fastest growing turnover markets for LeoVegas, who has combined the opportunity for all punters to bet on every point with live-streaming for ATP …

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6 of the Best – Kambi’s Mattias Eriksson

10Bet - Oshri Kostiner

This week’s 6 of the Best gives the readers on SBC News an insight into the life of Mattias Eriksson, the newly appointed Chief Product Officer at Kambi. Keep reading to find out more about Eriksson, formerly Director of Business Development and Innovation at Svenska Spel, including which album changed his “exploration of music”, and what book he describes as lifelike …

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High activity Kindred Plc reports strong opening to 2018

Stockholm-listed online gambling firm, Kindred Group Plc has reported a strong opening to 2018, as the multi-brand/ multi-market operator continues to benefit from its expansion strategy, supported by further ‘organic growth’. Publishing its unaudited Q1 2018 results (period ending 31 March), Kindred records a 36% group revenue uplift to £207 million (Q1 2017: £153 million). The positive revenue momentum, sees Kindred …

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Lotteriinspektionen secures extra budget ahead of Swedish licensing window opening

Sweden’s national gambling regulator Lotteriinspektionen has confirmed that it has secured an additional SEK 19 million (€1.8 million) in operating budget to expand its resources ahead of Sweden opening its newly licensed market on 1 January 2019. The update sees Lotteriinspektionen total year budget increased 37% to SEK 70 million (€6.7 million). This April the Swedish government, published its revamped …

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Kindred Group seeks clarity on Svenska Spel’s future position

Stockholm-listed Kindred Group Plc has detailed its concerns related to Svenska Spel’s potential influence on the future dynamics of a newly regulated Swedish gambling market. Last week the Swedish government published the updated provisions for its long-awaited revamped national gambling framework. In its update the Swedish government will split the gambling sector into three business compartments; Open/Competitive – For new licensed …

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Sweden moves forward with national gambling reform

As anticipated the Swedish government has published its long-awaited revamped national gambling policy, in which it will open a new licensing window for online gambling/betting operators. Re-regulating the market, Swedish policymakers have placed a significant emphasis on consumer protections, industry responsibility, monitoring of betting enterprises combined with an all-around improvement in standards. The revamped framework, sees the Swedish government split …

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