Tag Archives: Sweden

Svenska Spel focuses on digitisation to mitigate Cosmopol hurt

The enforced closure of Sweden’s Casino Cosmopol venues continues to disrupt Svenska Spel trading, as the state-owned operator reported a 14% decline in group Q4 net gaming revenues to SEK 2,212 million (Q4 2019: 2,247 million).  Svenska Spel has predicted that if Casino Cosmopol venues are to remain closed for a further quarter, it will face a SEK 250 million …

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LeoVegas wary of tricky markets despite record Q4 performance

LeoVegas AB has reported its ‘strongest fourth quarter ever’ but has found going tough in its core Nordic markets. Changes in regulations in both Sweden and Norway, and large tax increases in Denmark have caused the company’s Nordic profile to strain, but the group has still been able to report adjusted EBITDA growth of 25 per cent for the full …

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Kindred lauds its ‘strict discipline’ delivering record growth

Kindred Group Plc has continued its run of delivering consecutive ‘all-time high’ quarter performances, with the group praising its scalable business model and operating discipline. Publishing its full-year 2020 results, the Stockholm-listed online gambling group achieved a record performance in customer activity, breaking the 1.75 million active player mark across its brand portfolio. High customer activity saw Kindred record all-time-high …

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Swedish market inquiry recommends toughest advertising and software controls

The Swedish Government has published the recommendations of the ‘Gambling Market Inquiry’ (‘Spelmarknadsutredningen’) related to further regulatory requirements governing Sweden’s re-regulated marketplace. The inquiry had been originally commissioned by former civil affairs minister Ardalan Shekarabi in the summer of 2018, as a requisite to Sweden launching its online gambling marketplace at the start of 2019, after which an independent inspectorate …

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Winning Post – Swedish black market inquiry deserves a better factsheet

Closing November, the Swedish government announced the launch of ‘Larsson Inquiry’ to review Sweden’s online gambling’s safeguards against the growing threat of black market actors.    Though welcomed by all market stakeholders, Regulus Partners states that Swedish igaming incumbents must provide better arguments on market threats beyond economic constraints or a repeat of poor outcomes will simply follow the inquiry. …

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Swedish consumer affairs agency highlights operator deficiencies on terms and conditions

Konsumentverket, Sweden’s consumer affairs agency, has issued a warning to licensed online gambling operators of their duties in ‘providing balanced and fair conditions to consumers’.  The agency stated that it had found ‘numerous shortcomings’ having undertaken a review of terms and conditions across 13 operators picked at random.   The operators reviewed by Konsumentverket were AG Communications, Bayton, Blue Star Planet, …

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Unibet founder Anders Ström ends Kindred chairmanship

Kindred Group Plc has informed investors that company founder Anders Ström will not seek re-election as Non-Executive Chairman. Lauded as an industry figurehead, in 1997 Ström founded Unibet – Kindred’s original business enterprise – as a telephone betting service to take wagers for Swedish customers Ström issued the following personal statement on his decision not to pursue re-election: “Some years …

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Svenska Spel trials ‘coupon free’ paperless purchase as next retail innovation 

Svenska Spel trials ‘coupon free’ paperless purchase as next retail innovation 

Svenska Spel has partnered with Swedish convenience store operator Pressbyrån to launch its new pilot project testing the capacity of ‘coupon free’ national lottery ticket purchasing for Swedish retailers.  Across four Pressbyrån stores located in Stockholm, Jönköping, Östersund and Kalmar, Svenska Spel will test out its new ‘coupon free’ in-store functionalities allowing a paper-free customer to instantly select their national …

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Sarah Robertson, Kambi: Fine tuning can see lotteries & sports betting become dance partners

Requiring a deeper commitment of technology and software services, lottery operators have often proved to be difficult partners for sportsbook suppliers. Having recently won the contract to overhaul Belgium’s Loterie Nationale sportsbook capacities, Kambi Group Senior Business Development Director Sarah Robertson spoke to SBC News about why the sportsbook technology supplier is treating lotteries as a critical growth segment. SBC: …

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Winning Post: Sweden shows why black and white never works

Swedish operators have appealed for the government to reject a further six-month extension for the ‘temporary’ online casino restrictions. Regulus Partners observes a near-total collapse in reasoned debate and policy development between all market stakeholders. ___________________ The Swedish government has proposed a six-month extension of the temporary restrictions to online casino (SEK5,000 /€485 weekly deposit limit; mandatory time limits; initial …

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