Tag Archives: Sweden

Home market adjustments impact Kindred’s YTD profits

SBC News Home market adjustments impact Kindred's YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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Tax burden weighs heavy on Betsson Q3 trading

SBC News Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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SBC Webinars and CasinoBeats present Sweden’s Gaming Trial: Tricks, Treats & Take-Downs

Swedish gaming industry webinar

The SBC Webinars series continues on Wednesday 30 October 2019 when CasinoBeats presents Sweden’s Gaming Trial: Tricks, Treats & Take-Downs.  Building on the compelling and much-praised Swede Dreams session at the recent CasinoBeats Summit in London, the webinar will see a panel of Swedish market experts undertake an in-depth examination of the market since re-regulation at the start of the …

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Spelinspektionen clears four of underage betting allegations

SBC News 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’

SBC News 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

SBC News 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

SBC News 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

SBC News 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

SBC News 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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