Tag Archives: Finansinspektionen

Spelinspektionen toughens sweep against skin websites

SBC News Spelinspektionen toughens sweep against skin websites

Spelinspektionen, Sweden’s Gambling Inspectorate, has banned four businesses for targeting Swedish consumers with illegal ‘skin’ gambling platforms. The inspectorate published a notice naming the businesses of Gamevio Ltd, Bigskin Trading Limited, Santeda International BV, and the website Samilland.co as infringing on Swedish gambling laws by providing ‘games without a necessary license’. The Inspectorate detailed that both Gamevio Ltd and Bigskin …

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BOS rejects technical terms of credit ban on Swedish gambling

SBC News BOS rejects technical terms of credit ban on Swedish gambling

Branschföreningen för Onlinespel (BOS), Sweden’s online gambling trade association, has urged the government to rethink the framework applied to its comprehensive ban on gambling on credit. The measure proposed by the Ministry of Finance will see Sweden adopt an outright ban on all forms of credit applied to gambling transactions. Current laws prohibit all licensed operators from processing credit card …

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FDJ clears Swedish financial audit to proceed with Kindred €2.6bn buyout

SBC News FDJ clears Swedish financial audit to proceed with Kindred €2.6bn buyout

Groupe Française des Jeux (Groupe FDJ) has announced that it has received regulatory approval by Finansinspektionen, Sweden’s Financial Supervisory Authority, to proceed with its offer to acquire Kindred Group Plc. The Paris Euronext gambling group secures its Swedish market’s financial authorisation to formally launch its SEK 130 (€11.40) per share offer to acquire Stockholm-listed Kindred Group, a deal announced on …

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GiG moves to solidify market position with Sportnco acquisition

SBC News GiG moves to solidify market position with Sportnco acquisition

Gaming Innovation Group (GiG) has confirmed its acquisition of Sportnco, with the aim of strengthening its status as a platform and media provider to the betting and gaming industry. Full completion of GiG’s takeover of turnkey betting and gaming solutions provider is expected in February 2022, and will enable GiG to leverage the company’s in-house developed sportsbook and PAM products. …

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Spelinspektionen shows new enforcement actions against Curacao operators  

SBC News Spelinspektionen shows new enforcement actions against Curacao operators  

Spelinspektionen – Sweden’s gambling inspectorate has taken direct action against a further 23 unlicensed operators deemed to be illegally targeting the country’s regulated online gambling marketplace  The inspectorate has informed its Swedish counterpart authorities and financial institutions of 23 Curacao-based businesses and their related websites that are undertaking illegal gambling activities. The public disclosure of illegal businesses forms part of …

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Spelinspektionen outlines new strategy against black market

SBC News Spelinspektionen outlines new strategy against black market

Spelinspektionen – Sweden’s gambling inspectorate – has updated its strategy for “actions against illegal gambling activities”.  The inspectorate updated the strategic framework that has been in place since December 2019, implementing measures that “contribute to the channelling of gambling to legal alternatives”. Swedish stakeholders are reminded that although Spelinspektionen can launch investigations against unlicensed actors/activities, the regulator holds no law …

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LeoVegas moves to trade bonds on Nasdaq Stockholm

SBC News LeoVegas moves to trade bonds on Nasdaq Stockholm

Finansinspektionen – the Swedish Financial Supervisory Authority – has approved for LeoVegas AB to trade its bond placements on the Nasdaq Stockholm.  The online gambling group, registered on the Nasdaq Stockholm as ‘LEO’, has made the move in accordance with the terms of its senior unsecured bonds of SEK 500 million (€50m) secured in September 2021, under a framework of …

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Catena orders €55m bond placement on Stockholm Nasdaq

SBC News Catena orders €55m bond placement on Stockholm Nasdaq

Catena Media has applied for €55 million (£4.75m) of its senior unsecured bonds to be traded on the Stockholm Nasdaq. The transaction has been authorised by Finansinspektionen, Sweden’s Financial Supervisory Authority, with Catena providing a new company prospectus for investors. On 9 June, Catena secured an initial floating rate for its Nasdaq bond placement, allowing the Stockholm-listed publisher to price …

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Betsson to appeal ‘hefty’ Spelinspektionen penalty

SBC News Betsson to appeal ‘hefty’ Spelinspektionen penalty

Stockholm-listed Betsson AB will appeal its SEK20m (€2m) penalty issued by Spelinspektionen for the sale of games through ‘unregistered agents’ and the use of unauthorised bonus incentives. Responding to the penalty notice, Betsson emphasised that ‘the warning, the sanction and the hefty sanction fee come as a surprise’, and will be appealed. The group commented in a media release: “The …

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