Tag Archives: Sweden

Groupe Française des Jeux (Groupe FDJ) has announced that it has received regulatory approval by Finansinspektionen, Sweden’s Financial Supervisory Authority, to proceed with its offer to acquire Kindred Group Plc. The Paris Euronext gambling group secures its Swedish market’s financial authorisation to formally launch its SEK 130 (€11.40) per share offer to acquire Stockholm-listed Kindred Group, a deal announced on …

Svenska Spel has confirmed that it will close its Casino Cosmopol venues in the cities of Gothenburg and Malmö on Saturday, 24 February. The decision follows Svenska Spel’s conclusion of negotiations with the respective trade unions on the closure of venues deemed ‘no longer profitable’ for Sweden’s state-owned gambling group. The closure of Cosmopol’s Gothenburg and Malmö venues follows Svenska …

The District Court of Stockholm has dismissed a legal challenge against Kindred Group related to the compensation of losses of gambling addict Per Holknekt. Renowned fashion designer and founder of online retailer Odd Molly, Holknekt began legal proceedings in July 2022 against Kindred Group and its relationship with subsidiary Trannel Ltd. Holknekt claimed that he was a VIP customer of …

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders set to vote on the future of the Stockholm online gambling group. The focus on cost controls is required as Kindred published its Q4 and full-year 2023 results this morning, revealing period corporate losses of £19m (Q42022: £52m). Full-year accounts see profits ‘before tax’ decline …

Sweden’s Riksdag has been ordered to review a ‘memorandum for referral‘ proposing further tightening of gambling laws to protect against match-fixing. Authorized by the government, the memorandum has proposed amendments to Sweden’s Gambling Act of 2018 to allow “gambling licensees the right to process information on infringements related to or suspected of being involved in match-fixing.” The amendment requires the …

Sweden’s gambling regulator Spelinspektionen has issued bans to two operators for unlicensed activity in the country. The two companies in question – True Polygon Entertainment Limited and Smein Hosting NV – have been accused of providing unobstructed access to gambling on their main and affiliate websites (CSGOBIG, Gamdom) without having the required licence to do so.  These are the first …

 Groupe FDJ has outlined its ambitions to create a “new European gaming champion” by launching a €2.6bn all cash tender offer to acquire Kindred Group Plc outright.  The Paris Euronext exchange was informed this morning of FDJ’s opening offer to acquire Stockholm-listed Kindred Group, putting forward a SEK 130 (€11.40) per share offer to the firm’s board.  As detailed by …

Kindred Group faces a high-profile legal challenge in Sweden as Stockholm’s District Court begins the hearing of a lawsuit brought by Per Holknekt. The fashion designer and founder of Odd Molly has accused Kindred Group and its subsidiary Spooniker Ltd of “feeding his gambling addiction, which spiralled out of control”. Prior to the lawsuit, Holknekt admitted to Swedish media that …

The Swedish Gambling Authority (SGA), Spelinspektionen, has entered a Memorandum of Understanding (MoU) with the International Betting Integrity Association (IBIA) to facilitate better sports betting integrity across the sector.  Both parties will now exchange information on identified suspicious betting activity, with IBIA representing the majority of the betting market licensed under the SGA. Khalid Ali, IBIA CEO, said: “IBIA is …

ATG has declared that Swedish audiences “will reveal their inner horse instincts” playing the revamped V75 racing pool. The message forms part of a new advertising campaign launched by ATG (Aktiebolaget Trav och Galopp), Sweden’s totalisator board for wagering on trotting and thoroughbred racing. The campaign is co-developed by the Stockholm agencies of Åkestam Holst and Giants & Toys, and …