Sweden has recorded total gross gaming revenues (GGR) of SEK 6.89bn (€602m) during Q2 2024. The total GGR figure was revealed by the Gambling Inspectorate Spelinspektionen’s monitoring of gambling activities for Swedish licensed land-based and online businesses. Q2’s GGR of SEK 6.89bn (€602m) surpasses the SEK6.71bn (€586.8m) recorded in Q2 2023 and is 3.3% higher than Q1 2024’s revenue of …
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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, …
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Sweden will implement its new online gambling amendments from 1 April 2024, strengthening consumer protections and increasing fines for AML infringements. During end-of-year proceedings, the government consolidated all gambling amendments into a specific bill, which was then submitted to the Riksdag (Parliament) for legislative authorization. The bill’s agreed amendments correspond to increasing consumer protections, imposing written requirements for telephone sales, …
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Spelinspektionen has welcomed new changes to Sweden’s Money Laundering Act that will allow the gambling inspectorate to increase financial penalties on gambling-related fines/infringements. The decision was approved by Finansdepartementet, Sweden’s Ministry of Finance, which will allow the inspectorate to increase penalty fees for gambling operators violating AML rules from 1 April 2024. The inspectorate had previously submitted its proposals to …
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Spelinspektionen, the Gambling Inspectorate of Sweden, has issued a warning and penalty fee of SEK 9m (€750k) on Videoslots for failure to uphold protections of Sweden’s Money Laundering Act. The Inspectorate had placed Videoslots under supervision on 2 November 2021, citing “shortcomings in the work against money laundering and financing of terrorism”. Under scrutiny, Videoslots is reported to have insufficient …
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Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a ‘positive response’ to changes that will be applied to the Money Laundering Act. As sanctioned in September by Finansdepartementet – the Ministry of Finance of Sweden – Spelinspektionen must “adjust penalty fees for gambling operators violating AML legislations” from 1 April 2024. The proposed adjustment equates to penalty fees for AML infringements, in …
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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 …
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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 …
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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 …
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Finansdepartementet – the Swedish Ministry of Finance – has issued a radical proposal to allow licensed operators to share individual player data in a bid to ‘counter gambling abuse’. The Riksdag has been informed of a memorandum, in which customer data-sharing measures are endorsed by Niklas Wykman, Minister of Financial Markets who is tasked with overseeing Swedish gambling reforms. The …
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