Tag Archives: norway

Norwegian Chess Federation forgoes Unibet’s ‘controversial proposal’

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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Unibet ‘chess proposition’ triggers Norway drama

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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Norway’s KLP fund terminates all gambling investments

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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Lottstift demands that Kindred exit Norway

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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Gunn Merete Paulsen: Lotteritilsynet will continue its toughest stance against remote actors

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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EGBA – Lotteritilsynet punitive actions prove that Norway needs gambling reform

The executive of pan-national industry trade body – the ‘European Gaming & Betting Association – EGBA’, has accused Norway’s gambling authority Lotteritilsynet of regulatory over-reach for demanding that national banks block payments deemed to correspond with online gambling transactions. EGBA governance reacts to weekend news reports that Lotteritilsynet is actively targeting the restriction of payments of six Malta MGA licensed operators …

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Kindred Group contests Norway regulator’s Apple App Store ban

The governance of Stockholm-listed European online gambling operator Kindred Group Plc has moved to file a lawsuit against Lotteri-og Stiftelsestilsynet (Lotteritilsynet) – Norway’s national gambling and lottery authority. Kindred has accused Lotteritilsynet of conducting unfair restrictions and regulatory overreach on its business services, including the blocking payment transfers and sanctioning a ban on Kindred apps listing on the Apple App Store …

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Unibet hails enthralling FIDE World Chess showdown

The unprecedented success of this November’s Fide World Chess Championship match between Norway’s Magnus Carlsen vs American Fabiano Caruana – has been branded as one of Unibet’s most successful sports sponsorships. Following 51-hours of play featuring 12 drawn matches, FIDE’s London event has been labelled by chess aficionados as the sport’s ‘tour de force’, rivalling the all-time classic matches of …

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EGBA deems Norwegian blackout as ‘unproductive & unnecessary’

The European Gaming & Betting Association (EGBA) has warned the Norwegian government not to proceed with its directive to block payment transactions on remote gambling services. The industry trade association states that Norwegian authorities will simply implement difficult-to-enforce and counterproductive directives which will not protect its national consumers. Maarten Haijer, EGBA Secretary General, has called for the Norwegian government to move …

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The World Cup’s Finest with GiG’s Director of Sports Endre Nesset

In The World Cup’s Finest we ask various individuals to delve into their own personal history of football’s quadrennial showpiece extravaganza, selecting a number of favourites as well as revealing what is their very first World Cup memory. Today’s entry from Endre Nesset, Director of Sports at Gaming Innovation Group, delves into the history of numerous World Cup’s of yesteryear, …

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