Tag Archives: Sweden

William Hill Swedish subsidiaries ordered to pay fines on reporting failures

Spelinspektionen – Sweden’s Gambling Inspectorate – has notified that the William Hill subsidiaries of Evoke Gaming and Mr Green Limited have received fines totalling SEK 1.45 million (€140K). The fines concern the subsidiaries failure to match the inspectorate’s standards on key operator reporting duties. “The companies have for a long time had shortcomings in their reporting and what has been …

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Swedish GGR climbs 6% YoY in Q1 2022 but falls from year end figures

The Swedish betting and gaming industry’s post-lockdown recovery has continued in the first quarter of the year, as total revenue reached SEK 6.5 billion (€6.2m). A 6% increase on Q1 2021, the quarter saw Sweden’s 66 licensed sports betting and casino operators collect wagering revenue of SEK 4.1 billion (€392m), a rise of 4% on the previous year according to …

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IMG ARENA invests in Signality to deliver future data gains  

IMG ARENA has disclosed that it has undertaken a strategic investment in Swedish compound-computing specialist Signality with a view to enhance the data gathering and processing capacity of its sportstech, media and betting product portfolio.  Founded in 2016, Signality has developed a cloud-based SaaS platform to help sports businesses/stakeholders extract live data from videos and related media,  helping provide partners …

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Mr Green sees SEK 30m Swedish AML penalty appeal rejected 

Mr Green has had its appeal against Swedish gambling inspectorate Spelinspektionen rejected by the Administrative Court of Linköping. Last Summer, William Hill’s European online gambling subsidiary was fined penalties totalling SEK 31.5 million (€3.1m) by Spelinspektionen for ‘failing to comply with due diligence and AML duties in order to protect customers’. Spelinspektionen ordered Mr Green to pay a SEK 1.5 …

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LeoVegas bolsters tech muscle as MGM buyout looms

LeoVegas AB has praised the performance of its product portfolio and investment strategy in outriding industry-wide European headwinds, as the Stockholm-listed online gambling group becomes an acquisition target of MGM Resorts.  Publishing its Q1 trading results, LeoVegas registered corporate revenues of €98.5 million, up 2% on corresponding 2021 results of €96.7 million. Excluding Dutch market restrictions, LeoVegas revenue growth increased …

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Evolution Gaming posts 50% increase in profits ahead of studio expansion 

Evolution Gaming has outlined significant global growth prospects for its Live Gaming and RNG business units, following a strong start to year trading.  Publishing its Q1 2022 trading update (period ending 31 March), Evolution has registered corporate revenues of €327 million, up 38% on corresponding Q1 2021 results of €236 million. A breakdown of units saw Evolution’s flagship Live Gaming …

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Soft2Bet awarded licence from the Irish Revenue Commissioners

Casino and sportsbook platform provider Soft2Bet has confirmed this week that it has been given a licence from the Irish Revenue Commissioners, enabling the firm to offer its extensive portfolio of casino games in Ireland.   Soft2Bet’s entry into the Irish market marks yet another strategic move for the operator group which is in the process of expanding its global footprint …

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Kindred sharpens proprietary focus to counter post-covid global realities 

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

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Svenska Spel Movement Fund backs Swedish street football projects

Svenska Spel, the operator of the Swedish national lottery, has allocated funds to organise street football projects across the country. As part of a Swedish Football Association (SvFF) initiative to improve the levels of training and competitions, Svenska Spel is committing SEK3m via its Movement Fund to help communities provide street football activities. The SvFF is focusing on street football in order …

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Swedish inspectorate to begin May trials of Spelpaus 2.0 self-exclusion system

Spelinspektionen, Sweden’s Gambling Inspectorate, has informed licensees that it will undertake a ‘testing phase’ of Spelpaus – Swedish gambling’s centralised self-exclusion scheme and customer database during the month of May. A pilot phase is required as Spelinspektionen has procured a new systems supplier to operate Spelpaus.se, charged with delivering comprehensive upgrades. At the start of the year, Spelinspektionen alerted Swedish …

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