Tag Archives: Sweden

Cherry AB eyes 2016 Stockholm Nasdaq listing

The governance of European igaming operator Cherry AB has disclosed that it intends to apply for a full listing of its shares on the Stockholm Nasdaq by early 2016. The operator will seek to delist from Swedish development market the Aktie Torget, on which it has traded its stock since September 2006 for a full placement on the Stockholm Nasdaq. …

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Inspired Gaming gains VS partnership with ATG Sweden

Inspired Gaming Group has announced that it has entered a Virtual Sports supplier partnership with Swedish racetrack operator ATG. ATG Sweden’s state owned horse racing operator since 1974 will be supplied with multi-content Virtual Sports provisions by Inspired on both digital and mobile verticals. The partnership will see the launch of Inspired’s Rush Horses and Rush Trotting products, which have …

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Bet365 leads the way with bettingexpert.com tipsters

Bet365 was the standout bookmaker for bettingexpert.com’s community of tipsters during October. Of the 97,970 tips placed during the month, the Stoke-based bookmaker was selected as the preferred operator for a huge 19.1% of them, considerably higher than second placed Unibet which was selected 12.1% of the time. However Unibet was also far clear of third placed 188bet, which had …

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Lotteriinspektionen’s Haken Hallstedt to lead Swedish gambling reform

Haken Hallstedt the Director General of Lotteriinspektionen, Sweden’s gambling regulator has been appointed to lead the reform of the country’s gambling framework. Hallstedt has been charged with heading up the investigative committee, which will develop and redraft gambling legislations, with a concentrated emphasis on creating regulations, protocols and standards for online gambling services. Sweden has faced increased pressure from the …

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Increased player activity & positive acquisition sees Betsson hit record results for Q3 2015

European sports betting operator Betsson AB has announced a record revenue quarter for Q3 2015 (3 month period ending 3 September), with group revenues increasing to SEK 973 million (£75.5 million) up 24% on Q3 2014 corresponding SEK 782 million (£60.5 million). The operator continues its strong 2015 momentum, posting top line growth on all key metrics. Q3 Operating income …

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Nordic Leisure makes formal £5 million offer for Betting Promotion SE

Alerting the market of its intention, Stockholm Nasdaq OMX listed gambling investment firm Nordic Leisure AB has made a formal SEK 60.9 million (£5 million) bid for sports betting solutions provider Betting Promotion SE. Nordic Leisure informed the media last week that it had reached an agreement to acquire Betting Promotion with a group of investors representing 74% of the …

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Swedish media to self-regulate ahead of gambling regulatory overhaul

Following reports that the Swedish government is preparing to review the national gambling regulatory framework, Sweden’s Media Associations for digital, media and publishing have pledged to self-regulate gambling advertising. The move sees the associations, which represent Swedish media owners, pre-empt the government’s potential future policy with regards to gambling advertising. Swedish media owners have had a fraught relationship with national …

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Nordic Leisure eyes Betting Promotion SE assets

Stockholm Nasdaq –OMX listed gambling firm Nordic Leisure AB has alerted the media that it has entered into a shareholder agreement to acquire sports betting business solutions provider Betting Promotion SE. Releasing a short statement, Nordic Leisure detailed that it had agreed to acquire Betting Promotion with shareholders representing 74.4% of company shareholdings. Nordic Leisure governance chose not to disclose …

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Spotlight on Sweden – Ministry of Finance undertakes gambling framework review

Facing mounting pressure from the European Union to reform its national gambling framework, and adhere to EU business and competition policies, Sweden’s Ministry of Finance has responded by stating that it will undertake a full review of its policy on the matter. Detailing its plans, the ministry stated that it needed to update its policies in order to monitor an …

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Minister Shekarabi considers revamp of Sweden’s gambling framework

Ardaland Shekarabi Sweden’s Minister of Public Administration is said to be considering leading the introduction of new national gambling framework, which will include provisions for regulating online gambling and sports betting. Shekarabi has previously urged for a government review of Sweden’s gambling framework, in order to modernise its policies amid changing European regulations and new technology advancements. Swedish news sources …

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