Tag Archives: Sweden

Increased player activity & positive acquisition sees Betsson hit record results for Q3 2015

European sports betting operator Betsson AB has announced a record revenue quarter for Q3 2015 (3 month period ending 3 September), with group revenues increasing to SEK 973 million (£75.5 million) up 24% on Q3 2014 corresponding SEK 782 million (£60.5 million). The operator continues its strong 2015 momentum, posting top line growth on all key metrics. Q3 Operating income …

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Nordic Leisure makes formal £5 million offer for Betting Promotion SE

Alerting the market of its intention, Stockholm Nasdaq OMX listed gambling investment firm Nordic Leisure AB has made a formal SEK 60.9 million (£5 million) bid for sports betting solutions provider Betting Promotion SE. Nordic Leisure informed the media last week that it had reached an agreement to acquire Betting Promotion with a group of investors representing 74% of the …

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Swedish media to self-regulate ahead of gambling regulatory overhaul

Following reports that the Swedish government is preparing to review the national gambling regulatory framework, Sweden’s Media Associations for digital, media and publishing have pledged to self-regulate gambling advertising. The move sees the associations, which represent Swedish media owners, pre-empt the government’s potential future policy with regards to gambling advertising. Swedish media owners have had a fraught relationship with national …

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Nordic Leisure eyes Betting Promotion SE assets

Stockholm Nasdaq –OMX listed gambling firm Nordic Leisure AB has alerted the media that it has entered into a shareholder agreement to acquire sports betting business solutions provider Betting Promotion SE. Releasing a short statement, Nordic Leisure detailed that it had agreed to acquire Betting Promotion with shareholders representing 74.4% of company shareholdings. Nordic Leisure governance chose not to disclose …

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Spotlight on Sweden – Ministry of Finance undertakes gambling framework review

Facing mounting pressure from the European Union to reform its national gambling framework, and adhere to EU business and competition policies, Sweden’s Ministry of Finance has responded by stating that it will undertake a full review of its policy on the matter. Detailing its plans, the ministry stated that it needed to update its policies in order to monitor an …

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Minister Shekarabi considers revamp of Sweden’s gambling framework

Ardaland Shekarabi Sweden’s Minister of Public Administration is said to be considering leading the introduction of new national gambling framework, which will include provisions for regulating online gambling and sports betting. Shekarabi has previously urged for a government review of Sweden’s gambling framework, in order to modernise its policies amid changing European regulations and new technology advancements. Swedish news sources …

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Betsson AB donates advertising space to the Red Cross ‘Refugee Crisis’ initiative

In light of the ongoing European refugee crisis, online bookmaker Betsson AB announced that it had donated its advertising inventory on Swedish high visibility news portals Aftonbladet.se and Expressen.se to humanitarian organisation the Red Cross. The Stockholm listed and Malta operated online betting operator had released its advertising space for a period of four days, in order to help raise …

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Tobias Fagerlund – Spiffx – Building a Knowledge First Betting Platform

Five months after its float on the Nordic NASDAQ, Team SBC catches up Spiffx CEO Tobias Fagerlund as the ambitious  risk/arbitrage betting platform looks for European expansion and to bring new trading mechanisms to the sports betting market. Fagerlund details to SBC readers, how Spiffx’s unique platform has been developed for the professional market, as the company seeks to become a …

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Svenska Spel CEO urges Swedish government to ensure “healthy & safe” market conditions

Having recorded year on year performance declines, Lennart Käll CEO of Swedish state owned gambling operator Svenska Spel has urged the government and national regulator Lotteriinspektionen to introduce new regulations and policies that will toughen Sweden’s gambling framework. Svenska Spel reported a 2.4% net gaming revenue decline to SEK4.3 billion (£330 million) for the opening six months of 2015. The …

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BetClic Everest signs up for Yggdrasil Gaming portfolio

Yggdrasil Gaming has signed a deal with BetClic Everest Group to provide three of its brands with access to its entire product suite, including the recently-launched pooled progressive Jackpot game Joker Millions. BetClic, Expekt and Monte Carlo Casino will all receive the leading supplier’s casino games portfolio of 12 video slots, Infinite API for gamification, unique Super Free Spins, and …

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