Tag Archives: Sweden

Altenar makes Swedish debut through LuckyCasino launch

Altenar

Altenar has made its regulated Swedish market debut after launching the LuckyCasino.com sportsbook in late May. The addition of Altenar’s sportsbook marked LuckyCasino’s first foray into sports betting, adding to an existing casino product portfolio of slots, table games and live casino. “We are really pleased with the work that Altenar has done, which will strengthen our customer offer and improve our …

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Spelinspektionen collaborates with authorities on anti-money laundering initiatives

Sweden’s Spelinspektionen has strengthened its fight against money laundering and terrorist financing after agreeing to team up with sixteen of the country’s authorities to introduce new protocols to combat corruption. Arising from the results of a new national risk assessment to identify and assess Swedish authorities’ challenges in the area, it has since been emphasised by the authorities that it …

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Svenska Spel collaborates with SEF to offer integrity lectures

Swedish state-owned gambling operator Svenska Spel has secured a new agreement with Swedish Elite Football (SEF) which will see the duo collaborate in offering education surrounding match-fixing and sport integrity. Svenska Spel and the SEF will deliver a series of lectures at Sweden’s annual youth tournament, The Gothia Cup, which will primarily focus on addressing the dangers of match-fixing and …

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Gustaf Hoffstedt: BOS – Sweden faces new realities following first stage of re-regulation

Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling (BOS), speaks to SBC on the early challenges and criticisms that a re-regulated Swedish market place has faced. _________________________ SBC: Gustaf, thanks for this interview. Leading BOS, can you detail your impressions on Sweden’s first quarter as a re-regulated online gambling marketplace?  Gustaf Hoffstedt: The re-regulation has been a …

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Strong Q1 opening sees Gambling.com push US agenda

Industry affiliate marketing publisher Gambling.com Group Plc has detailed a strong start to 2019 trading, as the firm moves to accelerate its US market agenda. Publishing its Q1 2019 trading update (period ending 31 March), Gambling.com details growth across all core business metrics, as revenues total €5.2 million (Q1 2018: €3.4m). Detailing strong ‘organic growth’, Gambling.com reports a period increase …

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Spelinspektionen strengthens Gibraltar ties with GGD collaboration

Spelinspektionen, Sweden’s newly reformed gambling regulatory body, has signed a memorandum-of-understanding (MoU) with the Gibraltar Gambling Division (GGD), seeking to cooperate in matters of public policy and further forming common interests. The GGD is a strategic unit of Gibraltar’s Ministry of Commerce, which details guidance on governing the British overseas territory’s vital igaming sector. Moving forward, Spelinspektionen and the GGD will …

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William Hill launches Swedish property – WilliamHill.se

FTSE250 betting group William Hill Plc has launched its Swedish market licensed online sportsbook property – WilliamHill.se. William Hill had confirmed in April that it would launch its Swedish sportsbook rebranding Redbet, the former sportsbook asset of MRG subsidiary Evoke Gaming. In its update, William Hill details that it has completed a major directive of its post €270 million MRG …

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Advertising complaints brought against ‘bad actor’ Svenska Spel

Svenska Spel has been reported to the Swedish Broadcasting Review Board, for allegedly breaching new laws in relation to betting/gambling advertising standards. The broadcast complaint has been filed by Swedish online gambling trade body – Branschföreningen för Onlinespel (BOS), who states that Svenska Spel has failed to provide responsible gambling information in relation to its Triss, Keno and Lotto advertising …

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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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