Tag Archives: Sweden

LeoVegas bolsters tech muscle as MGM buyout looms

SBC News 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 

SBC News 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

SBC News 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 

SBC News 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

SBC News 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

SBC News 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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Delasport makes Swedish market debut

SBC News Delasport makes Swedish market debut

Delasport has expanded its global footprint after receiving the necessary regulatory approvals to enter the Swedish market. The Swedish debut will see Delasport roll out its “one-stop-solution” which includes a sportsbook, player account management (PAM) and casino offering. Oren Cohen Shwartz, CEO of Delasport, commented: “By entering the Swedish market, we continue to expand globally and grow our presence in …

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Swedish Treasury puts forward consumer recommendations to Spelinspektionen

SBC News Swedish Treasury puts forward consumer recommendations to Spelinspektionen

Regulation of the Swedish gaming market has improved the condition for achieving the overarching goals set by parliament, asserts Sweden’s State Treasury, upon delivery of a final report looking at the country’s digital ecosystem. These ambitions include that the gaming market should be under public control, have strong consumer protection and protect revenue from gaming for associations and the state. …

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Swedish Ombudsman loses right to examine TV4 Triss partnership

SBC News Swedish Ombudsman loses right to examine TV4 Triss partnership

Konsumentombudsmannen (KO) – Sweden’s Consumer Ombudsman has been rejected in its appeal to examine a contract between Svenska Spel and TV4 AB regarding their existing arrangement to promote Triss (instant win) games. Since 2020, KO has stood by its original decision that news features on TV4 promoting Triss winners should be classified as advertising. Its decision was deemed necessary to …

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Betsson signs Pontus Wernbloom as ambassador in Swedish sports expansion

SBC News Betsson signs Pontus Wernbloom as ambassador in Swedish sports expansion

Betsson has signed ex-professional footballer Pontus Wernbloom as its latest brand ambassador in the group’s continued investment into Swedish sports. At the online gambling company, Wernbloom will be part of the company’s activation around football and several other sport-related initiatives and productions. The former Swedish national team midfielder ended his playing career at IFK Gothenburg in 2021, also played in …

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