Tag Archives: Sweden

Winning Post: Easy ‘Nordic cash’ is drying up…

Regulus Partners begins November proceedings by examining the Nordic market developments. Once recognised as fruitful territory for igaming operators, heavy-handed restrictions, penalties and increased taxes have changed Scandinavia’s market outright.  ___________ Norway has become a much tougher market in which to operate over the last couple of years, especially for those not willing or able to get creative with payments …

Read More »

BOS & NOGA call for European harmonisation after forming new cooperation pact

STS - European Union flag on blue sky background

Branschföreningen för Onlinespel (BOS), Sweden’s igaming trade body, has signed a ‘cooperation pact’ with ‘The Netherlands Online Gambling Association’ (NOGA) to channel responsible participation within their respective marketplaces.    Having guided licensed incumbents through Sweden’s relaunch of its reformed online gambling marketplace during 2019. BOS confirms that it will share knowledge and best practices with NOGA as the Netherlands moves to …

Read More »

Betsson rides high on global profile following record Q3 performance

Betsson AB has continued its strong 2020 momentum after the Stockholm-listed online gambling group backed its domestic and international prospects closing year-end trading.  Publishing its Q3 2020 trading update, Betsson recorded group revenues of SEK 1.67 billion (€161m), up 31% on corresponding 2019’s SEK 1.27 billion.   Driving performance, Betsson noted a record 46% increase in active customers across its online …

Read More »

Svenska Spel and SvFF brand Sweden as ‘Zombie nation’ on sports integrity  

In a joint-article published by Swedish newspaper Aftonbladet, Svenska Spel CEO Patrick Hofbauer and Swedish FA (SvFF) General Secretary Håkan Sjöstrand have called for an immediate overhaul of Sweden’s ‘match-fixing council’.  The Swedish government established its match-fixing council on 1 January 2019, coinciding with the launch of Sweden’s re-regulated online gambling marketplace. The council was earmarked as a key agency …

Read More »

Kindred promotes ‘proven talent’ Erik Backlund to Group CPO

Kindred Group Plc has confirmed the promotion of long-term sportsbook lead Erik Backlund to the position of Group Chief Product Officer (CPO), further serving as a new member of the Stockholm-listed firm’s executive leadership team. The internal promotion sees Backlund replace Fredrik Kjell, who departed Kindred this autumn to join telecoms securities firm TrueCaller as chief operations officer. Updating investors, …

Read More »

Svenska Spel recruits Red Bee Media to power PMU live streams

Svenska Spel has employed London-based live streaming solutions provider Red Bee Media to develop a tailored OTT viewing service for its recently secured racing partnership with France’s PMU. Announced at the start of September, Svenska Spel agreed to significantly expand its racing content and markets, securing full access to all PMU daily racing fixtures to be broadcast live across its …

Read More »

Spelinspektionen issues ban on yellow card markets

Spelinspektionen, the Swedish gambling regulator, has issued a further crackdown on match-fixing after confirming that it will ban betting markets on rule violations such as expulsions, penalties and yellow cards in football. The new rules, which come into force from 1 January 2021, will be applicable to games played in Sweden. The regulations, according to the regulator, will mean that …

Read More »

Costello: ‘Swedish limits aren’t for player protection, they’re just pure politics’

Recognised as one of igaming’s most lucrative marketplaces, conditions in Sweden have been drastically altered following the government enforcing a series of wagering and deposit restrictions. The safer gambling measures were instantly criticised by licensed operators as well as the country’s regulator. The panel discussing ‘the fallout from Sweden’ at the SBC Summit Barcelona – Digital weighed in on developments. …

Read More »

LeoVegas hits back at Swedish regulations despite Q2 successes

Despite a series of regulatory changes across its core markets, LeoVegas AB has praised its ‘continued solid growth and profitability during a period of exceptional circumstances’ as it published its Q2 2020 results (period ending 30 June). The Stockholm-listed online gambling group noted that ‘the effects related to COVID-19 are judged overall to have had a positive impact on NGR …

Read More »

Betsson outrides pandemic challenges as regulatory dramas loom

Betsson AB has published its 2020 interim results stating that it has ‘delivered all-time highs in revenues under the most challenging conditions’. The Stockholm-listed online gambling group praised its swift actions undertaken during March, which allowed the company to continue to ‘execute the strategic priorities’ as part of its ongoing transformation programme. Trading under unprecedented circumstances, Betsson recorded Q2 2020 …

Read More »