Tag Archives: Sweden

XLMedia Plc has informed investors that it has closed the sale of three of its European igaming properties and related domains.  The European properties sold are listed as Casino.se, Casino.gr and Casino.pt and have generated a total cash consideration of $4m (€3.5m). The London AIM media publisher cited that the deal represented “4.7x multiple on revenue” of the sold assets. …

Spelinspektionen, Sweden’s Gambling Inspectorate, has ordered Zimpler AB to stop processing payments for unlicensed online gambling operators or face a fine of SEK 25 million (€2.2m) Zimpler, an authorised payment services provider of Finansinspektionen, Sweden’s Financial Supervisory Authority, is accused of breaching the rules of BankID-enabled transactions. An investigation found that Zimpler had facilitated BankID payments to unlicensed gambling companies. …

Swedish gambling has recorded its lowest advertising coverage since 2016, according to new data from the Gambling Inspectorate, Spelinspektionen. The gross advertising spend on traditional media platforms for 2022 saw Swedish gambling operators invest SEK 3.4bn (€280m) into advertising activity. Of distinction, the 2022 ad-spend figure is less than half of the SEK 7.3bn (€620m) recorded in 2018, when Sweden …

Finansdepartementet – Sweden’s Ministry of Finance – has recommended that the government apply a ban on credit card transactions across all gambling segments. The recommendation was made as part of the Ministry’s investigation into “Enhanced consumer protections against risky lending and over-indebtedness”. A primary assignment for 2023, the Ministry drafted a 650-page report on the current consumer credit facilities available …

The Swedish Gambling Inspectorate, Spelinspektionen, has had its SEK 6m (€500,000) penalty against the racing monopoly AB Trav och Galopp (ATG) overturned.  The decision comes following an appeal by ATG to the Administrative Court in Linköping, where the firm contested the ‘size and warrant’ of Spelinspektionen’s penalty related to ‘AML deficiencies’.  Spelinspektionen had originally issued a warning and a sanction …

Swedish gambling stakeholders have been reminded of the new measures adopted to counter illegal gambling and match-fixing, which have come into force as of 1 July 2023. Q1 saw the Riksdag (parliament) approve new amendments to the Gambling Act (2018) ordered by the Ministry of Finance to enhance Swedish gambling’s market safeguards against criminality and match-fixing.    From 1 July, all …

Betsson has become the official title sponsor of the A1 Padel Swedish Master tournament, which is taking place between 10-16 July. The Halmstad-based competition offers a prize pool of one million SEK (€86.5k / £74k), and involves top-ranked players such as Maximiliano Arce and Franco Dal Bianco, as well as Leo “Tolito” Aguirre. A1 Padel, formerly known as APT, was …

Finansdepartementet – Sweden’s Ministry of Finance – has initiated an inquiry into the rules of party political lotteries, following concerns about the transparency of political funding. The Ministry outlined that its investigation would focus on “options to tighten party political lottery rules, strengthen consumer protections, and consider whether to grant licences for such lotteries.” Former civic ombudsman and Director-General of …

Sweden’s government is considering a proposal to increase penalty fees for businesses that breach the country’s Money Laundering Act provisions. The Minister of Financial Markets, Niklas Wykman, who oversees policy for the Swedish gambling sector, has put forward the proposal. In a memorandum, the country’s gambling inspectorate, Spelinspektionen, noted that the current arrangement is “unsatisfactory” as “in many cases” violations …

Branschföreningen för Onlinespel (BOS), Sweden’s online gambling trade association, has warned the government that it is grappling with a crisis in the channelling of Sweden’s regulated online gambling marketplace. The warning follows a report commissioned by BOS, which details that consumer engagement with licensed operators )referred to as ‘channelling’) is at a critically low level in Sweden. The report undertaken …