LeoVegas AB has reported its ‘strongest fourth quarter ever’ but has found going tough in its core Nordic markets. Changes in regulations in both Sweden and Norway, and large tax increases in Denmark have caused the company’s Nordic profile to strain, but the group has still been able to report adjusted EBITDA growth of 25 per cent for the full …
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Playtech Plc has maintained a strong closing to its 2020 commercial activities, with long-term partner Norsk Tipping upgrading its existing technology services agreement between the two firms. Norway’s state-owned gambling operator has signed two new supplier agreements with Playtech for online casino and Video Lottery Terminals (VLT) products. The FTSE250 technology group cleared all Norwegian government procurement processes to become …
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Lotteritilsynet, Norway’s gambling regulator, has reaffirmed its belief that proposals for a new common gambling law will facilitate ‘a more holistic regulation of the Norwegian gambling market’. Responding to the Ministry of Culture’s consultation on regulatory reform of the gambling industry, Lotteritilsynet stated that a reform is needed which ‘will ensure responsible gambling’. Earlier this year, Abid Raja, Norway’s Minister …
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Norway’s Ministry of Culture has confirmed its support for a consultation to consolidate the nation’s gambling laws into a single legislative framework. Endorsed by Culture Minister Abid Raja, the consultation will form the basis for a new bill to merge Norway’s three existing gambling mandates – ‘1992 Gambling Act’, ‘1995 Lottery Act’ and ‘1927 Totalisator Act’. Forwarding the proposal to …
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Spillavhengighet Norge, Norway’s problem gambling association, has confirmed that it will study opposing market frameworks to Norway’s existing monopoly structure. The decision follows the conclusion of Spillavhengighet’s annual ‘Gaming Addiction Conference’, in which members unanimously voted to form a working group reviewing different market models. Operating under a monopoly framework, to date Norwegian gambling has been exclusively serviced by state-owned …
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Norway’s government has confirmed that state-owned racing operator Rikstoto will continue to function as an independent entity. Last November, the Norwegian government ordered the Ministry of Culture to undertake a review of state-owned gambling assets, assessing whether its larger Norsk Tipping lottery and wagering franchise should absorb Rikstoto services. The Ministry’s review further evaluated whether Rikstoto’s state racing monopoly and …
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Scout Gaming, a supplier of B2B fantasy sports solutions for regulated market incumbents, is working with Norwegian state-owned wagering monopoly Norsk Tipping to develop a licensed real-money fantasy sports proposition. The partnership is formed as Norsk Tipping seeks to expand its regulated wagering services for Norwegian sports audiences. Norsk Tipping serves as Norway’s sole lottery, instant win and sports betting …
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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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