Tag Archives: Sweden

Kindred Group Plc has detailed a ‘solid start’ to the year’s trading, maintaining focus on growth in core European markets and Australia. Publishing its Q1 2024 trading update, the Stockholm-based online gambling group’s Q1 revenues stand equal with 2023 comparatives of £307m. Period trading reflected marked improvements in the Netherlands (+24%) and the UK (+20%), as Kindred’s Western Europe segment …

The board of Svensk Travsport, the organiser of Swedish trotting, will present a counter-proposal on gambling taxes to safeguard the future of horse racing in the country. The statement was made by Travsport Chairman, Anders Källström, who detailed anxieties about Swedish racing being lumped into a generic tax band for gambling in 2024. As announced at the end of 2023, …

Swedish operators have pledged to back the terms of a memorandum proposing greater cooperation between key stakeholders on match-fixing threats. Currently under review by the Swedish government, the memorandum amends terms of the Gaming Act of 2018 to allow licensed operators to request and share more data related to suspected match-fixing incidents. Proposed amendments would establish a new framework for the …

A response has been issued by Svenska Spel relating to the state-owned operator being penalised by the Swedish Gambling Authority with SEK 100mn (£7.4mn).  The penalty was announced last week and covers alleged duty of care shortcomings. Svenska Spel disagreed with the final conclusion of Spelinspektionen’s review.  Fredrik Wastenson, President and Business Area Manager of Svenska Spel Sport & Casino, …

Twitch, the live streaming platform of Amazon, has come under scrutiny in Sweden following a private investigation which uncovered widespread advertising of unlicensed online casinos. As exposed by Kulturnyheterna, the investigative team of Sveriges Television AB (SVT), a six-week investigation revealed that “eight out of ten Swedish influencers on Twitch had promoted unlicensed casinos to their audiences.” Swedish media were …

Swedish lotto betting services provider PolarLotto has entered into a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the igaming industry.  In a statement confirming the news, PolarLotto said that the collaboration will “propel its expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a …

In a somewhat surprising development, the Swedish government has fined itself, with the country’s s gambling authority Spelinspektionen issuing a SEK100m (£7.5m) penalty to Svenska Spel – the operator wholly owned by Sweden.  According to the indictment, the penalty relates to breaches of the Gambling Act part of Sweden’s re-regulation in 2019. More particularly, the operator has apparently failed to …

Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a warning and a penalty fee of SEK 300,000 (€26,000) to Yggdrasil Gaming for non-compliance with regulations related to licensed supplier services/authorisations. The regulator has stated that, through its investigations into unlicensed gaming websites on January 16, 2024, it determined that Yggdrasil had provided gaming software to an operator who didn’t have the necessary Swedish licence to …

Swedish gambling authority Spelinspektionen‘s industry seminar held at the Vasateatern in Stockholm has concluded with a renewed collaboration between Sweden and the UK.  Continuing their partnership which was first instigated in November 2019, Spelinspektionen and the UK Gambling Commission (UKGC) will maintain a close partnership for the exchange of information between the authorities.  The renewal was co-signed by UKGC’s Deputy …

Spelinspektionen, Sweden’s Gambling Inspectorate, has released its annual report on total gambling turnover for the year ending December 2023.  According to the numbers, Swedish licence holders managed to accumulate a gross gambling revenue (GGR) of SEK 27.1bn (€2.5bn) from the local market, which constitutes a 1% YoY decrease.  State casino turnover, mainly driven by the state-owned Svenska Spel’s Casino Cosmopol, …