Tag Archives: Sweden

Guts.com makes its first millionaire

Guts.com is celebrating making its first ever millionaire after a Swedish player called Monica dropped a €2,633,052 jackpot, even if she didn’t initially realise the extent of her win. Monica had been playing late at night on the progressive Arabian Nights slot, saw the five wild symbols but didn’t realise that they triggered the multi-million euro jackpot and went to …

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Svenska Spel records opening quarter profit decline

Sweden’s state owned gambling operator Svenska Spel reported a year-on-year 4% decline in revenues to SEK 2.2 billion (€230 million) for its opening 2015 quarter performance (period ending 31 March). The operator cited the impact of increased competition from remote operators and the introduction of new responsible gambling measures as the main reasons for its decline. Svenska Spel recorded a …

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Sweden toughens policy on online gambling advertising

Lotteriinspektionen Sweden’s gambling regulator is set to introduce new policies and measures which will toughen the country’s advertising code with regards to online gambling products. The regulator and the Ministry of Finance have proposed a set of amendments to the nations gambling framework, the ‘Lottery Law’ designed to crack down on unlicensed online gambling operators targeting Swedish consumers. The new …

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Strong Q4 2014 performance helps Cherry AB post full year revenue growth

Scandinavian igaming operator Cherry AB, reported that Q4 2014 revenues increased 33% as the company finished 2014 strongly. The operator stated that improved player activity and deposits in Q4 2014 had grown online gambling turnover by 60%. Cherry AB was able to record Q4 group revenues of SEK 99.8 million (up 33% on Q4 2013 – SEK 75 million). Igaming …

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New CEO announced for Mr Green

Online casino group Mr Green & Co has appointed Per Norman as its new CEO, and will replace Mikael Pawlo after the listed group’s AGM on 23 April. Norman has extensive experience from such positions as CEO and Deputy CEO of Boxer, SES-Sirius and MTG, and he has been a Board member of Mr Green & Co AB since 2014. …

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Unibet results hit by currency conversion

Swedish operator Unibet has been hit by the exchange rate fluctuations across Europe, meaning that the company’s Q4 results are much flatter than its performance suggested. As it is listed on the London Stock Exchange, Unibet declares in pounds sterling, with gross winning revenues of £78.0m for the quarter, only slightly up on the £74.4m generated in Q4-2013. However in …

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Cherry AB stops investment in Swedish sports lotto Klubblo

Cherry has decided to phase out its involvement in the Swedish sports lottery Klubblo, as the conditions for conducting the business have changed. The Swedish gaming regulator, Lotteriinspektionen, has changed the application of the regulatory framework, which has made it impossible for Klubblo to cooperate with sports associations whose federations are not members of the sports alliance Idrottsalliansen. Some major …

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Cherry appoints Fredrik Burvall as Acting CEO

In a sudden change to its senior management, Scandinavian gaming firm Cherry AB has made Fredrik Burvall Acting CEO, replacing Emil Sunvisson. Burvall has been with Cherry since 2006 serving as Vice President and CFO, while Sunvisson has served Cherry in the capacity of CEO and as a member of the board for eight years. The company revealed that Sunvisson …

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World Cup worth £16m to Unibet

Swedish-based operator Unibet generated gross winnings of £16m during the World Cup, according to the firm’s interim results, with £9.5m generated in June and £6.5m in July. Almost half of Unibet’s turnover during the World Cup came from live betting, a figure much lower than the operator’s usual operations. While Unibet had a comprehensive pre-match offer with over 350 bet …

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Swedish football the key for Europe’s top tipster

Swedish punter ‘Zami‘ has just won €10,000 and the title of bettingexpert Tipster of the Year after outperforming  more than 1,500 other tipsters who give their tips for free on bettingexpert.com. How does it feel to win the very first bettingexpert Tipster Of The Year award? It feels great to be the winner of the bettingexpert Tipster of the Year …

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