Tag Archives: Sweden

Swedish Media reports that Kindred Group faces a high-profile Stockholm legal challenge summoned by fashion designer Per Holknekt.  Yesterday, Expressen.se reported that Holknekt, the founder of online fashion retailer Odd Molly, had filed a Stockholm Tingsrätt (Court District) lawsuit against Kindred Group and its Swedish subsidiary Spooniker Ltd. Holknekt is reported to seek SEK 10m (€1m) in damages, accusing Kindred’s …

Spelfriheten, a Swedish clinic that specialises in outpatient treatment for gambling addiction,  has reported a ‘marked increase in its services since the pandemic’.  The Stockholm clinic, which provides free and confidential digital meetings for at-risk players and their relatives, has branded the first half of 2022 as its busiest period providing treatment services.   During the first half of the year, …

The European Gaming & Betting Association (EGBA) has underscored the significant progress in standards and best practices by members that have applied its Responsible Advertising Code.  The statement follows an independent evaluation undertaken by the European Advertising Standards Alliance (EASA), the Brussels-based association representing Europe’s self-regulatory organisations for advertising. Following its positive adoption by EGBA members, EASA had branded the …

Sweden’s Christian Democrat (KD) Party has outlined its intentions to overhaul the rules and standards that govern Sweden’s restaurant casino sector.  KD Minister Roland Utbullt has written an opinion piece on Altinget.se stating that Swedish gambling has a ‘glaring gap in its civic protections’ as restaurant casinos are exempt from duty-of-care rules. Utbullt stated that it was unfathomable that Sweden’s …

Betsson AB has disclosed that it has successfully completed a transaction to issue a total of €90 million in unsecured bonds. The transaction forms part of a new financial framework, entered by Betsson, that will allow the Stockholm-listed operator to issue up to €250 million in unsecured bonds over a three-year period.  Terms of the framework see Betsson agree to …

Finansdepartementet – Sweden’s Ministry of Finance has notified the European Commission (EC) of its proposed changes to the 2018 Gambling Act.  The amendments follow the conclusion of ‘Spelmarknadsutredningen’ an independent inquiry of Sweden’s re-regulated gambling marketplace in 2020, undertaken by  Social Democrat MP Anna-Lena Sörenson.  Swedish authorities and national stakeholders responded to year-1 developments of the gambling market under Gambling …

Lagrådet – Sweden’s Law Council – has submitted its proposals to strengthen the safeguards of Sweden’s gambling marketplace against current and future threats. The legal advice submitted to the Ministry of Finance has called for new measures to be introduced into Swedish law by 1 July 2023. The proposal is focused on market integrity, in which the council seeks to …

Sweden’s Moderaterna Party (Liberal Conservatives) have submitted a provisional mandate to the Riksdag, outlining plans to overhaul the country’s gambling regime. Ahead of the General Election on 9 September, Moderaterna has formed a four-party right-wing bloc that will challenge Sweden’s left-of-centre coalition government led by Social Democrat Prime Minister Magdalena Andersson.  Should it win the Autumn elections and come to power, …

Ekobrottsmyndigheten – Sweden’s Economic Crime Authority has launched a preliminary investigation of LeoVegas AB, with regards to insider trading of the Stockholm Nasdaq firm’s company shares. The firm stated that no employee, member in the management team or board member of LeoVegas, has been notified about any criminal suspicion and has no further information to provide at this time. The investigation comes …

 Spelinspektionen – Sweden’s gambling inspectorate has achieved a major 2022 directive by upgrading Spelpaus – Swedish gambling centralised self-exclusion scheme.  Yesterday, the inspectorate relaunched the Spelpaus.se website, that had been redesigned with new functionalities and clearer guidance on self-exclusion. Spelpaus serves as Swedish gambling’s compulsory self-exclusion system that was launched in January 2019 to coincide with the relaunch of Sweden’s …