Tag Archives: Sweden

Following a judgement in one of Sweden’s Administrative Courts, the country’s Gambling Authority, Spelinspektionen, has revoked its previous decision on the importance of negative equity.  The regulator had previously outlined a lack of negative equity as a condition when firms apply for a Swedish betting and gaming licence, but the Court ruling regarding Avento’s application has prompted the charge.  In …

Betsson AB has declared its ‘best year in business’ having achieved four back-to-back record-breaking financial quarters. Publishing its full-year 2022 accounts, the Stockholm-listed online gambling group’s corporate revenues stood at €777m up 18% on FY2021 comparative results of €657m. Once more, Betsson achieved a record-breaking Q4 performance to close year trading, generating revenues of €220m (Q4 2021: €157m), which benefitted …

Svenska Spel maintains its state dividend of SEK 2bn (€155m), despite facing challenging 2022 compliance adjustments across its Swedish business portfolio. Publishing its full-year 2022 accounts, Sweden’s state-owned gambling group saw its net gaming revenues (NGR) stand at SEK 8bn (€722m), registering a 1% decline on FY2021 NRG results of SEK 8.1bn. The stagnant revenue performance reflected stricter customer compliance …

Unibet – the flagship brand of Kindred Group – has become an official partner of the NHL in Sweden. The pair have outlined that they will create ‘dynamic marketing campaigns’ across the it’s digital betting offerings.  Philip Lagström, Country Manager Unibet Sweden, Kindred Group, stated: “I am very proud and happy that Unibet is the first betting company in Sweden …

The European Commission (EC) has been notified of ‘Gambling Ordinance’ reforms submitted to safeguard Sweden’s online gambling marketplace further. The reforms are carried by Finansdepartementet, Sweden’s Ministry of Finance, with a desire to ‘minimise unlicensed gambling’, ‘counter match-fixing’ and provide “greater regulatory controls against black market threats”. The amendments are principally focused on strengthening the authority and direct controls of …

SBC Webinars headed over to the Nordic region to discuss the potential regulatory overhauls expected to take place in Sweden and Finland in the not so distant future.  In collaboration with Finnplay, the iGaming platform provider in the Nordion region, SBC Webinars presented ‘The Nordic Challenge, Licensing and Regulation in the Nordic Region’. In this one-hour discussion, experts within the …

Spelinspektionen, Sweden’s gambling inspectorate, has published new guidance on  ‘Duty of Care’ requirements which licensees must provide to customers.  All Swedish licensed operators must ensure Spelinspektionen that they have prepared an “action plan on how duty of care is to be fulfilled”.   Duty of Care requirements are outlined in Chapter 14 of the Gambling Act 2018, in which all licence …

The Board of Review of the Swedish Press and Broadcasting Authority (MRPT) has ruled that Svenska Spel lottery and keno draws broadcast on TV4 Sweden should be recognised as advertising.  MRPT judges were ordered to review Svenska Spel’s programming of lottery draws following a complaint submitted by Branschföreningen för Onlinespel (BOS) – Sweden’s trade association for online gambling. BOS had …

Kindred Group, ATG and Svenska Spel have published their first ‘key metric report’ on Swedish problem gambling rates and interventions related to their individual businesses. In Autumn 2022, the businesses pledged to openly report on four key gambling harm metrics, with an update provided every six months and presented to Spelinspektionen, Sweden Gambling’s Inspectorate.   A commitment was made to “contribute …

Swedish senior clinicians have highlighted that data-lags are impeding Sweden’s healthcare network from treating problem gambling addiction effectively.  Last week, Swedish newspaper Aftonbladet featured an editorial by psychiatric clinicians citing concerns that the country’s healthcare network required deeper resources to treat and identify gambling harms.  Concerns were cited by Dr Anders Håkansson of the Malmo Addiction Clinic, who cited that …