Kindred Group, along with Swedish operators Svenska Spel and ATG, are extending a joint initiative to publish responsible gambling (RG) metrics in the Swedish market. The deal, which originally began in 2022, sees operators report data to the country’s Gambling Authority every six months, which aims to increase public awareness and create a fact-based dialogue about high-risk gambling behaviour. Alexander …
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Svenska Spel brightens commercial outlook following H1 reorganisation
Svenska Spel states that it has achieved the ‘reorganisation objectives’ to lower group costs and improve operating margin, of the business units of Sweden’s state-owned gambling monopoly. Filing its H1 interim report, Svenska Spel issued its first corporate update under the leadership of new Group CEO Anna Johnson, who stated: “We have carried out a review of organisation, working methods …
Read More »Svenska Spel to report on sustainable low-risk revenue from August
Svenska Spel will begin publishing new data revealing its revenues generated from customers with a low-risk gambling profile. The new leadership team, CEO Anna Johnson and Chairman Erik Strand, has pledged to sustainable reporting figures as a commitment from Sweden’s state-owned gambling firm. Reporting will start at the end of August, with Svenska Spel revealing its sustainable percentage revenues for …
Read More »Svenska Spel and Kambi launch co-branded sportsbook
Swedish state-owned operator Svenska Spel has launched its sportsbook platform in collaboration with Kambi Group. Both companies have been working towards the implementation of the combined offering since the deal was first signed in October 2023. Erik Lögdberg, Managing Director of Kambi, commented: “We are very pleased with our launch together with Svenska Spel Sport & Casino, one of the …
Read More »Svenska Spel reiterates stronger player protection to ease media concerns
Svenska Spel has addressed a recent article published in Swedish media outlet Aftonbladet which questioned the operator’s player protection practices. The state-owned gambling company argued that the Aftonbladet’s interview with Svenska Spel CEO, Fredrik Wastenson, is referencing previous years of operations. In doing so, the outlet failed to address that the operator has since worked closely in conjunction with the …
Read More »BOS warns Wykman of Svenska Spel encroachment in online casino
Branschföreningen för Onlinespel (BOS), Sweden’s Trade Association for Online Gambling, has called on the government to take further actions against Svenska Spel’s presence in gambling. Writing an op-ed in the Swedish newspaper Aftonbladet, Gustaf Hoffstedt, the Secretary General of BOS, agreed with the view expressed by Financial Markets Minister Niklas Wykman that “there is no political order for a state …
Read More »‘End of an era’ as Sweden considers closure of last Casino Cosmopol
The Swedish government is considering the closure of the last remaining land-based casino in the country. A newly drafted proposal will look to take away the rights of state-owned companies to run casinos. Despite being allowed in Sweden since 1994, land-based gambling is only allowed in Casino Cosmopol – a subsidiary of the national operator Svenska Spel. Until recently, the …
Read More »Svenska Spel finds ‘long-term sustainability’ in Q1 results
The fallout for Svenska Spel of its Casino Cosmopol closures has reflected on the Swedish operator’s Q1 2024 results. Smaller net revenue and profits were felt throughout the first four months of the year, but the operator remained positive that its business remains stable – with most notable results seen in its Tur lottery division. Tur revenue improved by six …
Read More »Svenska Spel says Spelinspektionen decision ‘inconsistent with regulations’
A response has been issued by Svenska Spel relating to the state-owned operator being penalised by the Swedish Gambling Authority with SEK 100mn (£7.4mn). The penalty was announced last week and covers alleged duty of care shortcomings. Svenska Spel disagreed with the final conclusion of Spelinspektionen’s review. Fredrik Wastenson, President and Business Area Manager of Svenska Spel Sport & Casino, …
Read More »Spelinspektionen fines Svenska Spel £7.5m over player protection gaps
In a somewhat surprising development, the Swedish government has fined itself, with the country’s s gambling authority Spelinspektionen issuing a SEK100m (£7.5m) penalty to Svenska Spel – the operator wholly owned by Sweden. According to the indictment, the penalty relates to breaches of the Gambling Act part of Sweden’s re-regulation in 2019. More particularly, the operator has apparently failed to …
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