Groupe Française des Jeux SA (Groupe FDJ) has reached an agreement with Veralda for the purchase of 2.4m shares held in gambling group Kindred Group Plc  for SEK 122.5 a share.  The transaction officially marks the start of FDJ’s acquisition of Kindred, initiated in January which saw the Paris EuroNext gambling group tender a public offer of SEK 130 per …

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, …

SIS (Sports Information Services) has confirmed an extension of its agreement with Genius Sports by expanding the distribution rights of its esports products to a US audience.  The SIS H2H Global Gaming League suite with over 150,000 matches on offer per year can now be accessed by Genius Sports’ US sportsbook network, significantly increasing the product’s reach.  Professional esports games …

Recent gambling developments in the Nordics have painted the region as a market that is currently undergoing a significant transformation accommodating new compliance measures and tougher supervision of licences, whilst individual governments revise market frameworks. As stands, Sweden, Denmark, Finland and Norway appear to be moving away from traditionally state-owned gambling monopolies in favour of privatised competition. Yet no guarantees …

On the backdrop of a revenue slowdown in Q4 ‘23, igaming company Bragg has assembled a new committee to look over potential strategic routes for the business going forward.  Some of these routes could include full or partial assets sale, a merger/acquisition, and/or a review of the company’s financing – with no due date for a decision being given by …

Stakeholders in the Bulgarian gambling market will take part in a new initiative against AML/CTF alongside Bulgaria’s National Revenue Agency (NRA) and the State Agency for National Security.  The NRA is Bulgaria’s regulatory body that exercises control over the operator licensing process and taxation, with the news being shared during a general meeting organised by Director General Rumen Spetsov.  The …

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 …

AI has experienced unimaginable growth over the last few years with companies like OpenAI and Microsoft being at the forefront of this revolution. Trading in sports betting has emerged as yet another area where the technology can bring significant improvements with its increased pricing and risk management, as well as full automation capabilities.   The latest from SBC in partnership with …

Swedish state-owned gambling operator Svenska Spel has introduced a strategic restructuring to its management team. The company announced that current IT Director Mikael Franzén will become the lead of the newly-formed business department Gaming Responsibility & Data-Driven Transformation. His old role will be given to Lovisa Ekman, who transitions from Head of Corporate IT. The changes are expected to come …

In time for debt awareness week, GambleAware has put out a statement emphasising the wide availability of free debt advice services and the need to lift the stigma barrier suggesting that such services affect credit score.  Collaborating with StepChange Debt Charity, which is running this year’s Debt Awareness Week from 18-24 March, GambleAware’s Money Guidance Service Manager Kathy Wade addressed …