Tag Archives: Sweden

Kindred submits countermeasures on Swedish protections and market integrity 

Kindred Group has published its opinion submitted to the Swedish government on the proposal of new player protection measures, which it seeks to implement during the COVID-19 crisis. On 23 April, Sweden’s Health Minister Ardalan Shekarabi presented an emergency proposal to Riksdag, outlining a series of ‘temporary restrictions’ on online gambling operators as further COVID-19 public policy protection measures. Criticism …

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Strong Q1 opening sees LeoVegas recover lost ground

Delivering on key corporate restructuring initiatives, LeoVegas AB has detailed a strong opening to 2020 trading, recording a 4% increase in group revenues to €89 million (Q12019: €86m). The Stockholm-listed online gambling group completed the migration of its 12 UK brands onto its proprietary technology platform, vastly improving game offerings, payment services and engagement functionalities, while also reducing group operating …

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Swedish leaders warn Minister Shekarabi of channelisation consequences  

CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …

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Martin Lycka – April lockdown can never be forgotten

GVC’s Director of Regulatory Affairs Martin Lycka reviews the events of a world-changing April 2020, in which tough lessons have been learnt by the lived experience of working and adjusting to national lockdown orders… _____________________________ Dear Diary,  What a month this has been. In the UK, we are told the virus has peaked and is now hopefully ebbing. However, we are …

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Winning Post: Swedish protections self-harm progress on a regulated marketplace

Sweden has grabbed international headlines becoming the outlier nation for its social policy in dealing with the Coronavirus pandemic. Industry strategic consultancy Regulus Partners details that it should not pursue the same status for its online gambling policies.   Sweden: online regulation – cutting off one’s nose… Before Sweden domestically regulated in January 2019, its proposed licensing regime was supposed …

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Swedish leadership hits back at Shekarabi’s ‘torpedo orders’

The Chief Executives of Sweden’s leading online gambling businesses have written to the government urging for the suspension of temporary deposit restrictions sanctioned by the Ministry of Health & Social Affairs. A letter co-signed by Pontus Lindwall (Betsson), Henrik Tjärnström (Kindred Group), Gustaf Hagman (LeoVegas), Therese Hillman (NetEnt AB) and Ulrik Bengtsson (William Hill Plc / Mr Green) – urged …

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B2B plans on hold for Betsson despite strong Q1 opening

Betsson AB has reported a strong opening to 2020 trading, as the company moves to significantly expand its B2C portfolio and sportsbook capacities. Publishing its Q1 2020 trading update for the three month period ending 31 March, Betsson recorded group revenues of SEK 1,417m (€130m) – up 7% on corresponding Q1 2019’s SEK 1,333m. Betsson attributed growth during the period …

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Spelinspektionen offers new guidance on virtual sports content

Responding to licensee queries, Swedish gambling inspectorate Spelinspektionen has issued new guidance for virtual sports content and simulated events, in the absence of a traditional sports programme.   Spelinspektionen clarified that Swedish sportsbooks require no further licensing arrangement to offer virtual sports content to customers. The regulatory authority underlined that all virtual sports content serviced by bookmakers must be provided by …

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Spiffbet points to next stage of growth with Panorama LatAm

Spiffbet, a developer of live-action sports betting games, has announced a major partnership with Panorama Gaming launching its unique games portfolio within South American markets. Stockholm-based Spiffbet, a specialist studio developing hybrid betting content for casino and bookmaker incumbents, will publish its entire games suite on Panorama Gaming’s platform suite. Updating the market, Spiffbet management detailed the partnership with Costa …

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Kambi membership sees BOS Sweden broaden representation

Kambi

Swedish online gambling trade association BOS has moved to expand and diversify its industry representation after confirming sports betting technology supplier Kambi Group Plc as its latest member. The Stockholm-listed technology group becomes the first dedicated sports betting platform supplier to join BOS ranks. Kambi is recognised amongst the industry’s leading systems suppliers and currently maintains sports betting provisions for a …

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