Tag Archives: Sweden

The Swedish betting and gaming industry’s post-lockdown recovery has continued in the first quarter of the year, as total revenue reached SEK 6.5 billion (€6.2m). A 6% increase on Q1 2021, the quarter saw Sweden’s 66 licensed sports betting and casino operators collect wagering revenue of SEK 4.1 billion (€392m), a rise of 4% on the previous year according to …

IMG ARENA has disclosed that it has undertaken a strategic investment in Swedish compound-computing specialist Signality with a view to enhance the data gathering and processing capacity of its sportstech, media and betting product portfolio.  Founded in 2016, Signality has developed a cloud-based SaaS platform to help sports businesses/stakeholders extract live data from videos and related media,  helping provide partners …

Mr Green has had its appeal against Swedish gambling inspectorate Spelinspektionen rejected by the Administrative Court of Linköping. Last Summer, William Hill’s European online gambling subsidiary was fined penalties totalling SEK 31.5 million (€3.1m) by Spelinspektionen for ‘failing to comply with due diligence and AML duties in order to protect customers’. Spelinspektionen ordered Mr Green to pay a SEK 1.5 …

LeoVegas AB has praised the performance of its product portfolio and investment strategy in outriding industry-wide European headwinds, as the Stockholm-listed online gambling group becomes an acquisition target of MGM Resorts.  Publishing its Q1 trading results, LeoVegas registered corporate revenues of €98.5 million, up 2% on corresponding 2021 results of €96.7 million. Excluding Dutch market restrictions, LeoVegas revenue growth increased …

Evolution Gaming has outlined significant global growth prospects for its Live Gaming and RNG business units, following a strong start to year trading.  Publishing its Q1 2022 trading update (period ending 31 March), Evolution has registered corporate revenues of €327 million, up 38% on corresponding Q1 2021 results of €236 million. A breakdown of units saw Evolution’s flagship Live Gaming …

Casino and sportsbook platform provider Soft2Bet has confirmed this week that it has been given a licence from the Irish Revenue Commissioners, enabling the firm to offer its extensive portfolio of casino games in Ireland.   Soft2Bet’s entry into the Irish market marks yet another strategic move for the operator group which is in the process of expanding its global footprint …

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

Svenska Spel, the operator of the Swedish national lottery, has allocated funds to organise street football projects across the country. As part of a Swedish Football Association (SvFF) initiative to improve the levels of training and competitions, Svenska Spel is committing SEK3m via its Movement Fund to help communities provide street football activities. The SvFF is focusing on street football in order …

Spelinspektionen, Sweden’s Gambling Inspectorate, has informed licensees that it will undertake a ‘testing phase’ of Spelpaus – Swedish gambling’s centralised self-exclusion scheme and customer database during the month of May. A pilot phase is required as Spelinspektionen has procured a new systems supplier to operate Spelpaus.se, charged with delivering comprehensive upgrades. At the start of the year, Spelinspektionen alerted Swedish …

Delasport has expanded its global footprint after receiving the necessary regulatory approvals to enter the Swedish market. The Swedish debut will see Delasport roll out its “one-stop-solution” which includes a sportsbook, player account management (PAM) and casino offering. Oren Cohen Shwartz, CEO of Delasport, commented: “By entering the Swedish market, we continue to expand globally and grow our presence in …