Tag Archives: Sweden

Swedish adjustment sees GiG report Q1 2019 revenue dip

Issuing its first trading statement as a Nasdaq Stockholm-listed enterprise, Gaming Innovation Group (GiG) details a tough opening to 2019 trading, as the company undertakes Swedish market adjustments. Updating investors, GiG records a 13% group revenue decline to €32 million (Q12018: €37m), attributed to anticipated Swedish market costs following the re-regulation of the market. Swedish adjustments impacted GIG’s revenue segments …

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Betsson overcomes Swedish adjustment period to post Q1 regional gains

Stockholm-listed Betsson AB has declared a strong start to 2019 trading, as the company reports ‘strong regional growth’ offsetting adjustments within its home market of Sweden. Publishing its Q1 2019 trading update (period ending 31 March), Betsson records a 10% group revenue increase to SEK 1,330.6 million (Q12018: SEK 1,210m), detailing growth across its casino (+10%) and sportsbook (+13%) verticals. Updating …

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Global Gaming confirms exit of CEO Joacim Möller

Stockholm-listed Global Gaming has confirmed that Joacim Möller has resigned as Chief Executive of the company with immediate effect. Issuing a market update, Global Gaming confirms that company director Tobias Fagerlund has been appointed ‘acting CEO’, replacing Möller on a temporary basis. Fagerlund has been a member of the Global Gaming board since 2016. In its update, the operator confirmed …

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Kambi to power William Hill’s Swedish makeover

Issuing a short corporate statement this morning, Stockholm-listed sports betting platform supplier Kambi Group Plc has confirmed that it will provide a sportsbook vertical for William Hill’s Swedish market operations. The FTSE betting group enters the re-regulated Swedish online gambling marketplace having acquired the assets of European online gaming group MRG Group (Mr Green) for €270 million (deal completed January …

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Swedish government calls for review of ‘excessive’ gambling advertising

Hosting a press conference, Sweden’s Minister for Public Administration Ardalan Shekarabi has confirmed that the government will undertake a review of ‘aggressive marketing practices’ attached to licensed gambling incumbents. The Swedish government has sanctioned the Gaming Market Commission – Spelmarknadsutredningen to carry out the review – assessing whether to implement new tools or restrictions on ‘overly aggressive’ marketing practices. In …

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Winning Post: Industry heading towards more Euro uncertainties

Industry strategic consultancy Regulus Partners reflects on another week of UK and European setbacks for gambling incumbents. Despite broader regulatory frameworks in-place, political relationships appear more complicated than ever before… ___________ Sweden: online regulation – losing the war… Most online gambling operators that comment on their regulatory strategy or policy tend to state that they favour growing domestically regulated markets …

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Svenska Spel terminates all online casino advertising

Issuing a personal statement, Patrik Hofbauer – Chief Executive of Swedish state-owned gambling operator Svenska Spel – has confirmed that from April 2019, Svenska Spel will terminate all forms of online casino advertising. Updating stakeholders, Hofbauer detailed that the decision to ‘stop online casino advertising across all media channels’ has been undertaken by Svenska Spel’s executive team following ‘intensive internal discussions’. The …

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30,000 register with Swedish Spelpaus.se self-exclusion initiative

SafeEnt

Over 30,000 people have registered with the Swedish self-exclusion register, Spelpaus.se, as reported by the country’s national gambling regulator Spelinspektionen. Gambling operators within Sweden are obliged to integrate the Spelpaus.se service as part of their licence conditions, with those who fail to do so facing penalties and potentially having their licence revoked. Having been rolled out on 1 January, coinciding …

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Sweden’s Spelinspektionen proposes tougher advertising regulations

Swedish regulator Spelinspektionen has proposed new plans to restrict excessive gambling advertising, while also focusing on the formalisation of a cooperation deal with the country’s Konsumentverket consumer agency. The new plans will split responsibilities between the two bodies, as well as formalise the forms of information exchange and consultation. The regulator has not specified just how much advertising is considered …

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Spelinspektionen warns Swedish operators to respect bonus offer rules

Swedish gambling regulator Spelinspektionen has issued another warning to its licensees, but this time, regarding the controls surrounding its bonus offers to customers. The regulator set out rules which state that operators within Sweden are only permitted to offer players a bonus during the first time they play on their site. However, in a letter sent to all licensees, Spelinspektionen …

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