Tag Archives: leovegas

Genius Sports latest betting industry player to end Russian activity

SBC News Genius Sports latest betting industry player to end Russian activity

Genius Sports has confirmed that it will no longer continue commercial operations in Russia and Belarus, as a result of the ongoing conflict in Ukraine.  Russia’s unprovoked invasion of its western neighbour has prompted widespread international criticism, including from the public, political and business areas.  By calling an end to its Russian operations – as well as activities in Belarus, …

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EL calls for peace in Ukraine as LeoVegas ceases bets on Russian sports

SBC News EL calls for peace in Ukraine as LeoVegas ceases bets on Russian sports

The Russian invasion of Ukraine is now in its ninth day, and criticism from a range of political arenas and economic areas has continued to mount, including the betting space. Issuing a statement today, the European Lotteries and Toto Association (EL) criticised the invasion and called for peace, whilst LeoVegas has become one of the latest businesses to limit its …

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ZeTurf’s  ZEbet.nl joins KOA sports betting ranks 

SBC News ZeTurf’s  ZEbet.nl joins KOA sports betting ranks 

Kansspelautoriteit (KSA), the Netherlands gambling regulator, has issued a short statement confirming that it has granted a KOA remote gambling licence to domestic incumbent ZEbetting & Gaming Nederland BV.  The licence will allow ZEbetting to maintain its status as the official operator of betting and totaliser services for Dutch horseracing offered by ZEturf.nl, whilst allowing the company to expand its …

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LeoVegas to broaden new market horizons to counter Euro drags  

SBC News LeoVegas to broaden new market horizons to counter Euro drags  

LeoVegas AB has posted stagnant financial results, with corporate performance dogged by market exposures to changed regulatory conditions within the Netherlands and Germany. Publishing its Q4 trading statement, the firm saw its period like-for-like corporate revenues maintained at €98 million. The Stockholm-listed operator informed investors that “excluding Germany and the Netherlands”, period revenues would have increased by 26%. Q4 adjusted …

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Due diligence breaches see Unibet sanctioned by Danish authorities

SBC News Due diligence breaches see Unibet sanctioned by Danish authorities

Unibet has faced enforcement actions by the Spillemyndigheden, the Danish Gambling Authority, for breaches of anti-money laundering and due diligence requirements. The Kindred Group brand has been accused of failure to comply with due diligence rules and allowing a player to deposit DKK 1.4 million to his account between December 2016 and December 2018 without ‘sufficient knowledge about whether or …

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LeoVegas performance in key markets offsets regulatory hurdles

SBC News LeoVegas performance in key markets offsets regulatory hurdles

Successes in Italy, Sweden, Spain and Canada have helped LeoVegas to navigate a difficult year, with German and Dutch regulatory changes in particular posing major challenges. Updating stakeholders in its Q3 trading update, the Nasdaq-listed gambling group detailed that its total revenue had increased by 12% to €99.4 million (2020: €88.9m), while EBITDA stood at €11.5 million (2020: €11.9m) – …

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Denmark’s political parties unite in support of mandatory bettor playing cards

SBC News Denmark’s political parties unite in support of mandatory bettor playing cards

A cross-parliamentary group of political parties in Denmark have supported a push by the country’s Ministry of Taxation to introduce mandatory player cards for customers using local betting kiosks. Politicians from the Social Democrats, Social Liberal Party, Venstre, Danish People’s Party, Socialist People’s Party, Red-Green Alliance, Christian Democrats and The Alternative political parties backed the introduction of required IDs, which …

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LeoVegas protects UK customers with AI smart individual deposit limits 

LeoVegas Championship

LeoVegas AB has introduced instant and individually personalised deposit limits across its UK gambling brand portfolio of LeoVegas.com, PinkCasino, BetUK, and 21.co.uk. The safeguards form part of the Stockholm-listed online gambling group’s safer gambling and customer care mandate. Using third-party data and a proprietary risk prediction model, all LeoVegas Group’s UK customers will be assigned a personal deposit limit at …

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LeoVegas penalised for due diligence and AML shortcomings by Danish regulator

SBC News LeoVegas penalised for due diligence and AML shortcomings by Danish regulator

The Danish Gambling Authority, Spillemyndigheden, has charged LeoVegas with failure to comply with national customer due diligence and Anti-Money Laundering requirements. Conducting an examination of a sample of 20 LeoVegas players in Denmark, the Authority found that the operator – which holds a Danish licence until 2026 – had breached AML requirements in five cases, primarily between 2017 and 2019. …

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