Tag Archives: norsk tipping

Norsk Tipping slammed with £320k fine over player payout

Norway Kindred court battle

Norwegian state-owned gambling firm Norsk Tipping has been fined NOK 4.5 million (£318,100) for breaching AML protocols.  The fine was issued by Norway’s Lottery Authority after it found out that a player was paid out NOK 25m (£1.7m) back in March, playing a casino game called ‘KongKasino’.  Usually, the payout limit for KongKasino is NOK 100,000 (£7k), with the mega …

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Lottstift issues influencer warnings to social media platforms 

SBC News Lottstift issues influencer warnings to social media platforms 

Lottstift, the Gambling Authority of Norway, has stated that it will take a zero-tolerance approach to social media platforms promoting online gambling streams and content. The warning follows the regulator’s ‘serious action’ against Schpell.com for broadcasting several Norwegian influencers promoting online casino games, infringing on Norway’s blackout of gambling advertising. Though promoted on Schpell.com’s portal, the illegal streams were recorded …

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Norsk Tipping promotes ‘trusted hand’ Tonje Sagstuen to CEO

SBC News Norsk Tipping promotes ‘trusted hand’ Tonje Sagstuen to CEO

The board of Norsk Tipping has confirmed the permanent appointment of Tonje Sagstuen as Chief Executive Officer (CEO) of Norway’s state-owned lottery operator. A long-term executive of Norsk Tipping, Sagstuen has served as interim CEO since September following the departure of Thor Gjermund Eriksen. Branded the ‘optimal candidate’, Sagstuen’s experience with Norsk Tipping is extensive and includes a five-year tenure …

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Norsk Tipping and Rikstoto oblige regulator demands on marketing spend

Norsk Tipping sign

Norway’s two state backed betting operators, Norsk Tipping and Norsk Rikstoto, have complied with a regulatory request to roll back their marketing efforts. The state-owned companies, which offer sports betting and horse racing wagering respectively, were ordered to reduce the amount spent on marketing by the Lottstift, Norway’s gambling and lotteries regulator, back in July. Norsk Tipping, which in addition …

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Norsk Tipping appoints Tonje Sagstuen as acting CEO

SBC News Norsk Tipping appoints Tonje Sagstuen as acting CEO

The Norwegian government has confirmed the appointment of Tonje Sagstuen as the acting CEO of Norsk Tipping.  Sagstuen will replace Thor Gjermund Eriksen, who is set to leave Norway’s gambling and lotteries monopoly at the end of this month. During H1 trading, Eriksen announced his acceptance of the role of Managing Director at Bane NOR, Norway’s state-owned rail network firm. …

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Norsk Tipping told to lower advertising volume by 20% 

SBC News Norsk Tipping told to lower advertising volume by 20% 

Norsk Tipping, Norway’s gambling monopoly, has been ordered to cut its advertising spend by “at least 20% in 2023”.  The order has been mandated by Lottstift, the Gambling Authority of Norway, responding to government concerns on the exposure of gambling services to minors and vulnerable audiences. As such, the management of Norsk Tipping must present a plan to reduce advertising …

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CEO search underway at Norsk Tipping as Thor Gjermund Eriksen steps down

Norsk Tipping sign

Thor Gjermund Eriksen is vacating his position as CEO of Norway’s state-owned betting firm Norsk Tipping after nine months in the leadership role. The outgoing CEO was first appointed to the position in April 2022 before assuming full duties on 12 September, having worked as a journalist for the majority of his career. Upon leaving Norsk Tipping on 1 October …

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Norsk Rikstoto gets 10-year extension to horse racing monopoly

Stride racing syndicate

Norway’s state-backed horse racing betting operator Norsk Rikstoto has secured a substantial extension to its operations.  The parimutuel betting firm announced that it had received a 10-year renewal to its licence from the Norwegian government to continue its monopoly over betting on the country’s animal sports sectors. By maintaining the monopoly, Norway’s policymakers ensure that both the Rikstoto and the …

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Norwegian authorities claim victory as Discovery follows Broadcasting Act gambling rules

SBC News Norwegian authorities claim victory as Discovery follows Broadcasting Act gambling rules

Medietilsynet, Norway’s Media Authority, has informed that Discovery Europe has stopped broadcasting gambling adverts to Norwegian audiences  Discovery had previously contested Medietilsynet orders to blackout gambling adverts, broadcast on its pan-European network of MAX, VOX, FEM and Eurosport channels.  The conflict had seen Medietilsynet order Norwegian TV platforms Telia, Telenor, RiksTV and Altibox to terminate their broadcasts of Discovery channels …

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Scout Gaming requires desperate funding for intensive restructure

SBC News Scout Gaming requires desperate funding for intensive restructure

Niklas Jönsson, acting CEO of Scout Gaming, has disclosed that the real-money fantasy sports platform supplier has entered an intensive restructuring period.   Publishing its Interim trading report, Scout Gaming reported year-to-date corporate losses of SEK 48m (€4.5m), results which track above 2021 losses of SEK 45m. Jönsson, who replaced former CEO Andreas Ternström in June confirmed that he had initiated …

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