Tag Archives: Sweden

Spelinspektionen clears four of underage betting allegations

Swedish gambling regulator Spelinspektionen has ruled that four operators have been cleared following allegations that they had offered markets on sporting events which included a ‘majority of participants’ under the age of 18.  ATG, Betsson, Hillside Sports and Kindred Group-owned Spooniker all had cases cleared by Spelinspektionen after it was initially thought that the four operators had offered markets on the …

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Winning Post: Sweden stresses its ‘duty of care’

Opening the week, industry strategic consultancy Regulus Partners provides insight into whether Swedish gambling operators can effectively deliver a ‘duty of care’ to customers, and how the introduction of further problem gambling clinics can support harm prevention. UK: safer gambling – Leeds follows London on gambling disorder clinic This week, the second NHS clinic for problem gambling opened in Leeds. …

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Svenska Spel’s Fredrik Wastenson reviews Swedish market re-regulation

Svenska Spel

Sweden’s online gambling industry has endured a turbulent period since legislation to re-regulate the market came into force at the beginning of 2019. We spoke to Fredrik Wastenson, CEO Svenska Spel Sport & Casino, for his take on events. Ahead of his appearance on the Nordics – Navigating Risky Waters in Uncertain Times panel at Betting on Sports 2019, the …

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Spelinspektionen warns payment providers of unlicensed operators

Sweden’s Spelinspektionen has contacted a number of payment service providers issuing a warning them to not conduct business with unlicensed gambling operators.  The regulator emphasised that payment companies which work alongside unlicensed operators were violating the country’s Gaming Act. Spelinspektionen stated that working alongside such operators could result in unfair competition and a loss of tax revenues across the regulated …

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Home advantage! Betsson underlines its responsibility as SHL journey begins

This weekend sees Betsson debut as the lead sponsor and betting partner of the Svenska Hockey League (SHL), Sweden’s highest tier of professional ice hockey. Secured in 2018, Betsson replaces state gambling monopoly Svenska Spel as the SHL’s main sponsor, undertaking the group’s ‘biggest ever sports sponsorship commitment’. The partnership sees Betsson undertake a number of responsibilities, moving its sponsorship …

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Christer Fahlstedt: Paf – True responsibility is a test of all industry values

Leading Åland Island-based operator Paf, Chief Executive Christer Fahlstedt has implemented betting’s most transparent social responsibility mandate questioning standard practices that have governed incumbents operations to date.  Paf’s leadership directive hit news headlines home and abroad, however, Fahlstedt tells SBC that facing the industry’s most urgent agenda, his executive team has simply accepted its responsibility challenge head-on… ______________ SBC: Christer thanks …

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Spelinspektionen continues penalty stance on under-18 wagering

Swedish gambling regulator Spelinspektionen has sanctioned a further raft of fines and warnings to licensed operators for breaching its rules on offering ‘under-18’ betting markets. Publishing its latest industry update, Spelinspektionen has fined four licensed incumbents – ComeOn Sweden, Hajper Ltd, Legolas Invest and Faster Ltd – for offering ‘betting on events where the majority of participants are under 18 years of …

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Global Gaming expected to dismiss half of staff following Q2 difficulties

After reporting that ‘the last three months have been the most turbulent and difficult’ in its company history, Malta-based Global Gaming has been forced to let go of half its staff in a bid to reduce costs.  Releasing its interim Q2 report last week, the iGaming operator explained that it had faced tough regulatory headwinds from its home market of …

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Spelinspektionen’s ‘draconian measures’ take their toll on Global Gaming in Q2

Facing tough regulatory headwinds in its home market of Sweden, an embattled Global Gaming AB has reported that Q2 2019 has ‘been the most turbulent and difficult in the history of Global Gaming’, with revenues and profits bearing the brunt of the licensing decision.  Releasing its interim Q2 trading update (period April – June 2019), Global Gaming reported that revenues …

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LeoVegas posts record Q2 revenues despite big market challenges

LeoVegas

LeoVegas said it has found a more balanced geographical mix despite finding the UK market “challenging” and delivering just satisfactory results in Sweden. The operator’s Group CEO Gustaf Hagman said that Q2 2019 was its best quarter ever, with revenues of €94.4 million (up 8 per cent from Q2 2018) contributing to “good underlying growth and profitability” for H1 2019 …

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