Kindred Group Plc has informed investors that company founder Anders Ström will not seek re-election as Non-Executive Chairman. Lauded as an industry figurehead, in 1997 Ström founded Unibet – Kindred’s original business enterprise – as a telephone betting service to take wagers for Swedish customers Ström issued the following personal statement on his decision not to pursue re-election: “Some years …
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Svenska Spel has partnered with Swedish convenience store operator Pressbyrån to launch its new pilot project testing the capacity of ‘coupon free’ national lottery ticket purchasing for Swedish retailers. Across four Pressbyrån stores located in Stockholm, Jönköping, Östersund and Kalmar, Svenska Spel will test out its new ‘coupon free’ in-store functionalities allowing a paper-free customer to instantly select their national …
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Requiring a deeper commitment of technology and software services, lottery operators have often proved to be difficult partners for sportsbook suppliers. Having recently won the contract to overhaul Belgium’s Loterie Nationale sportsbook capacities, Kambi Group Senior Business Development Director Sarah Robertson spoke to SBC News about why the sportsbook technology supplier is treating lotteries as a critical growth segment. SBC: …
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Swedish operators have appealed for the government to reject a further six-month extension for the ‘temporary’ online casino restrictions. Regulus Partners observes a near-total collapse in reasoned debate and policy development between all market stakeholders. ___________________ The Swedish government has proposed a six-month extension of the temporary restrictions to online casino (SEK5,000 /€485 weekly deposit limit; mandatory time limits; initial …
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Sweden’s Trade Association for Online Gambling (BOS) has branded the government’s proposals to extend temporary consumer restrictions on online casino wagering as illogical, with ministers devoid of the real-life consequences of their judgement. Sweden’s Riksdag has reviewed a raft of ‘Covid-19 protections’ proposed by the Ministry of Finance, which will see current weekly SEK 5,000 deposits limits and capped SEK …
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The Swedish government has outlined new proposals to extend the current restrictions on the gaming industry until the end of June 2021, citing concerns over the coronavirus pandemic. The memorandum, which has been submitted for consultation until 23 November 2020, includes an extension to a series of ‘temporary measures’ introduced earlier this year such as a SEK 5,000 deposit limit …
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Kindred Group has declared that its ‘diverse long-term business model’ and ‘cost focus’ will help the company deliver on all 2020 objectives, navigating a year of unprecedented business challenges. Publishing its Q3 trading statement (period ending 30 September), Kindred has recorded group revenues of £280 million, reflecting a 24% increase on Q3 2019’s corresponding £226 million. Driving performance, Kindred stated …
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Regulus Partners begins November proceedings by examining the Nordic market developments. Once recognised as fruitful territory for igaming operators, heavy-handed restrictions, penalties and increased taxes have changed Scandinavia’s market outright. ___________ Norway has become a much tougher market in which to operate over the last couple of years, especially for those not willing or able to get creative with payments …
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Branschföreningen för Onlinespel (BOS), Sweden’s igaming trade body, has signed a ‘cooperation pact’ with ‘The Netherlands Online Gambling Association’ (NOGA) to channel responsible participation within their respective marketplaces. Having guided licensed incumbents through Sweden’s relaunch of its reformed online gambling marketplace during 2019. BOS confirms that it will share knowledge and best practices with NOGA as the Netherlands moves to …
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Betsson AB has continued its strong 2020 momentum after the Stockholm-listed online gambling group backed its domestic and international prospects closing year-end trading. Publishing its Q3 2020 trading update, Betsson recorded group revenues of SEK 1.67 billion (€161m), up 31% on corresponding 2019’s SEK 1.27 billion. Driving performance, Betsson noted a record 46% increase in active customers across its online …
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