Swedish gambling regulator Spelinspektionen has sanctioned a further raft of fines and warnings to licensed operators for breaching its rules on offering ‘under-18’ betting markets. Publishing its latest industry update, Spelinspektionen has fined four licensed incumbents – ComeOn Sweden, Hajper Ltd, Legolas Invest and Faster Ltd – for offering ‘betting on events where the majority of participants are under 18 years of …
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After reporting that ‘the last three months have been the most turbulent and difficult’ in its company history, Malta-based Global Gaming has been forced to let go of half its staff in a bid to reduce costs. Releasing its interim Q2 report last week, the iGaming operator explained that it had faced tough regulatory headwinds from its home market of …
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Facing tough regulatory headwinds in its home market of Sweden, an embattled Global Gaming AB has reported that Q2 2019 has ‘been the most turbulent and difficult in the history of Global Gaming’, with revenues and profits bearing the brunt of the licensing decision. Releasing its interim Q2 trading update (period April – June 2019), Global Gaming reported that revenues …
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The Swedish Football Association (SvFF) has hit back at the country’s gambling regulatory body Spelinspektionen for not prohibiting licensed operators from offering betting on a domestic football club competition – despite its warning of some suspected match-fixing. Last month, the SvFF revealed that it had received reports of match-fixing within Division 2 Södra Svealand, advising the Spelinspektionen to implement a complete ban on …
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Following the confirmation that it had suspended all betting markets relating to the Division 2 Södra Svealand football league, Svenska Spel has revealed that it now ‘does not see any other solution’ to crack down on match-fixing other than to stop offering betting on said league. A number of integrity monitoring bodies have estimated that ‘as many as 13’ matches …
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Gustaf Hoffstedt, Secretary-General of Swedish online gambling trade association BOS, has requested that gambling inspectorate Spelinspektionen offer clarity on recent fines related to ‘betting on sports events’ sanctioned under Chapter 8 of Sweden’s revamped Gambling Act. Requesting an ‘urgent meeting’, the BOS leader urges Spelinspektionen to offer ‘clear and detailed guidance’ on Chapter 8 and its board definition, related to …
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Online gambling firm Gaming Innovation Group (GiG) has allegedly halted its sportsbook operations for its proprietary Rizk and Guts brands across Sweden, citing the country’s regulatory framework as the main reason. As reported on igamingbusiness, GiG has argued that the current ‘lack of clarity’ in Swedish gaming laws has meant that the brands will ‘temporarily suspend’ all bets until there …
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Eight gambling operators, including Flutter Entertainment and GVC Holdings, have fallen foul of Spelinspektionen after it was revealed that the operators had been offering betting markets on events where the majority of the players were under the age of 18. Bet365, GVC, The Stars Group, Flutter Entertainment, Gaming Innovation Group (GiG), Bethard Group, Casinostugan Limited and Polar limited had all …
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Stockholm-listed online gambling group Global Gaming AB seeks a new auditor, as incumbent KPMG sanctions an ‘early termination’ of its existing contract. Yesterday, Global Gaming CEO Tobias Fagerlund issued a corporate statement, informing investors that KPMG account auditor Jonas Nihlberg had called for a termination of services. An embattled Global Gaming finds itself at the centre of a Swedish market …
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The governance of Global Gaming AB has confirmed that it will challenge Swedish gambling inspectorate Spelinspektionen suspension of its Ninja Casino property. This morning, Spelinspektionen issued an update detailing that it had revoked with immediate effect the license of Global Gaming subsidiary SafeEnt, the operating firm of Ninja Casino. SafeEnt has been charged with multiple failures relating to ‘care of …
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