Tag Archives: Sweden

Sweden to launch B2B software licensing regime from 1 March 2023

SBC News Sweden to launch B2B software licensing regime from 1 March 2023

The Swedish regulator is working towards introducing a B2B licensing system from March 1, 2023, despite current legislative steps still having to be made regarding the process. Earlier this year, the country’s government submitted a number of proposals, which included B2B licensing, however, this has yet to be fully passed into law. The Spelinspektionen acknowledged that the requirement for a gaming software licence is …

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Sweden’s Moderate Party to lead coalition duties on gambling agenda

SBC News Sweden's Moderate Party to lead coalition duties on gambling agenda

Sweden’s General Election concluded on Wednesday afternoon, as a coalition led by the Swedish Democrat Party (SD), secured a historic victory.  The outcome took three days to declare, as the General Election that took place on Sunday 11 October last year had registered a near 50/50 split on initial exit poll ballots. On Wednesday, conclusive results were announced as the …

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Swedish addiction monitor draws attention to teenage gambling kicks  

SBC News Swedish addiction monitor draws attention to teenage gambling kicks  

Centralförbundet för Alkohol-och Narkotikaupplysning (CAN), Sweden’s central agency monitoring addiction behaviours, has warned of a higher risk of prevalence in teenagers being drawn to gambling.  The caution follows a study undertaken by CAN researchers that surveyed 24,000 students attending Gymnasium –  Sweden’s upper secondary school system. The state-operated Gymnasium system is open to Swedish children aged 16 years to prepare …

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Kindred charged with SEK 10m lawsuit by Odd Molly founder 

SBC News Kindred charged with SEK 10m lawsuit by Odd Molly founder 

Swedish Media reports that Kindred Group faces a high-profile Stockholm legal challenge summoned by fashion designer Per Holknekt.  Yesterday, Expressen.se reported that Holknekt, the founder of online fashion retailer Odd Molly, had filed a Stockholm Tingsrätt (Court District) lawsuit against Kindred Group and its Swedish subsidiary Spooniker Ltd. Holknekt is reported to seek SEK 10m (€1m) in damages, accusing Kindred’s …

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Swedish clinic sounds alarm on rising incidence of female problem gamblers  

SBC News Swedish clinic sounds alarm on rising incidence of female problem gamblers  

Spelfriheten, a Swedish clinic that specialises in outpatient treatment for gambling addiction,  has reported a ‘marked increase in its services since the pandemic’.  The Stockholm clinic, which provides free and confidential digital meetings for at-risk players and their relatives, has branded the first half of 2022 as its busiest period providing treatment services.   During the first half of the year, …

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EGBA lauds positive EASA assessment of Responsible Advertising Code.

Maarten Haijer, Secretary General of EGBA

The European Gaming & Betting Association (EGBA) has underscored the significant progress in standards and best practices by members that have applied its Responsible Advertising Code.  The statement follows an independent evaluation undertaken by the European Advertising Standards Alliance (EASA), the Brussels-based association representing Europe’s self-regulatory organisations for advertising. Following its positive adoption by EGBA members, EASA had branded the …

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Christian Democrats back overhaul of Sweden’s restaurant casino sector

sweden

Sweden’s Christian Democrat (KD) Party has outlined its intentions to overhaul the rules and standards that govern Sweden’s restaurant casino sector.  KD Minister Roland Utbullt has written an opinion piece on Altinget.se stating that Swedish gambling has a ‘glaring gap in its civic protections’ as restaurant casinos are exempt from duty-of-care rules. Utbullt stated that it was unfathomable that Sweden’s …

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Betsson nets €90m from new bond placement

Betsson

Betsson AB has disclosed that it has successfully completed a transaction to issue a total of €90 million in unsecured bonds. The transaction forms part of a new financial framework, entered by Betsson, that will allow the Stockholm-listed operator to issue up to €250 million in unsecured bonds over a three-year period.  Terms of the framework see Betsson agree to …

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Swedish government submits Gambling Act integrity amendments for EC revision 

SBC News Swedish government submits Gambling Act integrity amendments for EC revision 

Finansdepartementet – Sweden’s Ministry of Finance has notified the European Commission (EC) of its proposed changes to the 2018 Gambling Act.  The amendments follow the conclusion of ‘Spelmarknadsutredningen’ an independent inquiry of Sweden’s re-regulated gambling marketplace in 2020, undertaken by  Social Democrat MP Anna-Lena Sörenson.  Swedish authorities and national stakeholders responded to year-1 developments of the gambling market under Gambling …

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Swedish Law Council backs inspectorate to have direct power over payment blocks

SBC News Swedish Law Council backs inspectorate to have direct power over payment blocks

Lagrådet – Sweden’s Law Council – has submitted its proposals to strengthen the safeguards of Sweden’s gambling marketplace against current and future threats. The legal advice submitted to the Ministry of Finance has called for new measures to be introduced into Swedish law by 1 July 2023. The proposal is focused on market integrity, in which the council seeks to …

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