Tag Archives: Sweden

LeoVegas kicks off Vaxjo recruitment drive

Stockholm-listed online gambling group LeoVegas AB is seeking new engineering talent to join its IT hub in the Swedish city Vaxjo (Kronoberg county). This weekend, LeoVegas HR launched an innovative marketing campaign advertising in ‘code’ the vacancies the operator seeks to recruit, throughout Vaxjo’s city billboard. Operating since 2011, LeoVegas maintains three offices within its home market of Sweden located in …

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Swedish ombudsman warns operators of marketing duties

Sweden’s consumer ombudsman Konsumentverket (KO) has told national media that William Hill subsidiary Mr Green and Karl Casino – a property of L&L Europe – have breached Sweden’s advertising and gambling codes. The igaming operators have been accused of promoting marketing offers to customers registered with ‘Spelpaus’ Swedish gambling’s ’self-exclusion scheme. KO governance has issued warnings to Mr Green and Karl Casino with regards …

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Altenar extends sports betting reach through Finnplay

Finnplay

Altenar will be providing the sports betting services to a new set of customers in territories covered by a Malta Gaming Authority (MGA) licence after “long-standing partner” Finnplay – a Nordic-based open gaming platform provider – picked up its Type 2 licence. Stanislav Silin, CEO of Altenar, said: “Finnplay is a long-standing partner and customer of Altenar, and we are …

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Ninja collapse sees Global Gaming move to redefine business

Publishing its Q3 trading statement, Embattled Global Gaming AB records period operating losses of SEK 40 million (€3.7m), as the Stockholm-listed enterprise continues to suffer from the consequences of its home licence revoke by regulator Spelinspektionen. Recording declines across all core metrics, Global Gaming sees its Q3 corporate revenues fall by 78% to SEK 60 million (Q32018: SEK253m), as year-to-date …

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Global Gaming loses further Swedish appeal for Ninja Casino

Stockholm-listed Global Gaming AB has suffered a further setback in reviving the prospects of its flagship Ninja Casino property, after confirming that it latest ‘license revocation appeal’ has been rejected by Sweden’s Supreme Administrative Court. Following a summer of legal disputes challenging gambling regulator Spelinspektionen‘s termination of Malta-based subsidiary ‘SafeEnt’ licence on the grounds of ‘serious operating deficiencies’ in the management …

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BOS – Spelinspektionen needs to rethink its black market playbook

Swedish igaming trade association Branschföreningen för Onlinespel (BOS) thinks that the ‘channelisation strategy’ by regulator Spelinspektionen is failing to curb black-market demand. ‘Channelisation’ refers to the government’s directive of ensuring that  Swedish consumers only wager with Spelinspektionen approved licensed operators rather than unlicensed operators. This week, Spelinspektionen published figures which estimated that licensed wagering activities related to online casino, sports and …

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US acquisitions boost Better Collective balance sheet

Better Collective

Better Collective said acquisitions in the US and Sweden had positively impacted its total growth in Q3 2019 (1 July to 30 September) after posting record quarterly revenues of €17.13 million – up 54 per cent from €11.13 million in the corresponding period of 2018. The industry affiliate added that organic revenue growth was 25 per cent. EBITA before special …

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Home market adjustments impact Kindred’s YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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SBC Webinars and CasinoBeats present Sweden’s Gaming Trial: Tricks, Treats & Take-Downs

Swedish gaming industry webinar

The SBC Webinars series continues on Wednesday 30 October 2019 when CasinoBeats presents Sweden’s Gaming Trial: Tricks, Treats & Take-Downs.  Building on the compelling and much-praised Swede Dreams session at the recent CasinoBeats Summit in London, the webinar will see a panel of Swedish market experts undertake an in-depth examination of the market since re-regulation at the start of the …

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