Issuing a corporate update, Stockholm-listed B2B fantasy sports network Scout Gaming AB has confirmed the appointment of Terje Bølstad as new Chief Operations Officer (COO). Bølstad joins Scout Gaming’s executive leadership team from Norwegian workforce systems supplier Experis Group, where he formerly served as a regional IT Lead (2017-2019). The executive holds extensive experience in tech product management and leading …
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The Norwegian government is reportedly assessing whether gambling state monopoly Norsk Tipping should absorb the horseracing services of Rikstoto, simplifying Norway’s gambling frameworks. Norway’s Ministry of Culture will undertake its review of Rikstoto in partnership with the Ministry of Agriculture – the department which to date has managed regulatory oversight of the racing monopoly. The review will evaluate whether to …
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Norwegian state gaming operator Norsk Tipping has confirmed that sports betting omni-channel platform supplier Optima has won the tender to supply the firm with a new sportsbook integral solution for potentially the next 12 years. The successful offer also included integrated sports data feed and trading services from Sportradar, the major sports betting services supplier which last week agreed a …
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Norway’s gambling authority Lottstift has written to national media operators, warning incumbents that it will not tolerate the publishing of betting odds or promotion of online betting brands towards the general public. Writing to national media stakeholders, Lottstift emphasises news publishing as a specific concern which it seeks to address, stating that publishers have allowed newspapers to print odds in …
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Oslo Economics has published a report examining Norway’s current monopoly gambling framework serviced by state-owned incumbents Norsk Tipping and Rikstoto. In its report, Oslo Economics – a Norwegian non-governmental agency researching national policy impacts – investigates the potential ‘risk of transition’ facing national stakeholders, should Norway replace its existing ‘exclusive rights model’ for an ‘open licensing framework’ favoured by private enterprises. The agency assesses …
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On Sunday night, the governance of the Norwegian Chess Federation Congress (NSF) voted against the ‘cooperation deal’ proposed by Kindred Group Plc flagship subsidiary Unibet. This June, Unibet marketing had propositioned a five-year principal sponsorship deal of the NSF, valued at NOK 50 million (€5m), representing Norwegian Chess’ biggest ever sponsorship. Lottstift, Norway’s national gambling regulator, would warn NSF governance ‘to …
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A potential tie-up between Norges Sjakkforbund (NSF) – Norway’s Chess Federation – and online bookmaker Unibet may turn into a political showdown for multiple national stakeholders. Norwegian media reports that NSF has been approached by Kindred Group Plc’s flagship sportsbook property Unibet, offering the federation a NOK 50 million (€5m) partnership – Norwegian Chess’ biggest ever sponsorship. Reacting to the news, …
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Kommunal Landspensjonskasse (KLP) Norway’s €70 billion public pension fund has confirmed that it will no longer invest in gambling or alcohol-related enterprises. Business news sources have reported that KLP governance has sanctioned a complete sale of its holdings in gambling and alcohol businesses, impacting around 90 firms. Moving forward, KLP states that it will no longer invest in companies that …
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Norway’s Gaming Authority Lottstift has demanded that ‘Trannel International’ – a subsidiary of Stockholm-listed Kindred Group Plc – cease its market operations immediately. The regulatory body states that the Trannel syndicated properties of Unibet, Maria Casino, Storspiller and BingoLottstift have ‘actively targeted’ Norwegian consumers, breaching the nation’s gambling code. In its update, Lottstift has charged Trannel/Kindred properties of ‘knowingly targeting’ Norwegian consumers …
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Speaking to national media, Gunn Merete Paulsen, Director General of Lotteritilsynet – Norway’s gambling authority – has stated that the government’s tougher stance against foreign betting operators is working. Presenting Lotteritilsynet’s annual report, Paulsen details that in 2018 Norway saw its first decrease in remote gambling interactions/engagements following years of growth. Tougher measures introduced by the government including remote gambling payment …
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