Tag Archives: Sweden

Global Gaming expected to dismiss half of staff following Q2 difficulties

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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Spelinspektionen’s ‘draconian measures’ take their toll on Global Gaming in Q2

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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LeoVegas posts record Q2 revenues despite big market challenges

LeoVegas

LeoVegas said it has found a more balanced geographical mix despite finding the UK market “challenging” and delivering just satisfactory results in Sweden. The operator’s Group CEO Gustaf Hagman said that Q2 2019 was its best quarter ever, with revenues of €94.4 million (up 8 per cent from Q2 2018) contributing to “good underlying growth and profitability” for H1 2019 …

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Swedish FA clashes with Spelinspektionen over match fixing inaction

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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Global Gaming maintains Swedish option launching NanoCasino.com

Embattled Global Gaming AB maintains a presence in its home market of Sweden, having this weekend launched its new online casino property NanoCasino.com. The Stockholm-listed online gambling group’s flagship NinjaCasino brand remains ‘indefinitely suspended’ by Swedish regulator Spelinspektionen, who in June revoked the licence of NinjaCasino operating company SafeEnt, charged with multiple AML and care-of-duty failures. Global Gaming governance maintains …

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Better Collective Spotlight – Speltips.se first in mind and first in search for Sweden

Sweden

For this month’s Better Collective Spotlight, SBC News took a closer look at Speltips.se, the flagship brand for Better Collective in Sweden. We asked Jesper Ribacka, Director of Better Collective Stockholm, about the history of tipster sites in Sweden, why the opportunity is greater for affiliates than operators and what the future might hold for the country’s affiliate market.  SBC: …

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Betsson H1 results disrupted by tough regulatory dynamics

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

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Vasilije Lekovic, Trustly: How Pay N Play puts players straight in the action

Pay N Play

Vasilije Lekovic, Director of Gaming Accounts at Trustly, spoke to SBC News about the impact Pay N Play® has on the registration and account verification process, how it has become an “industry standard” in Sweden, and why a new addition to the Pay N Play family is ready to revolutionise conversion from affiliate websites.  SBC: Can you quickly summarise what …

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Gustaf Hoffstedt: BOS – Swedish market requires clear guidance on under-18 wagering criteria

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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OPTIMA hits compliance high points for GLI-33 certification

OPTIMA

OPTIMA has achieved Gaming Labs International (GLI) certification GLI-33 for its OPTIMAMGS™ sports betting and gaming system. Meanwhile, the award-winning betting technology supplier also secured GLI certification to service the re-regulated gambling market in Sweden, after passing special checks around player protection and self exclusion systems. This Swedish go-ahead arrives just a week after the company obtained the certification to …

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