BOS, the Swedish Trade Association for Online Gambling, has urged the government to withdraw its suggested measures to tighten regulations on the online casino industry. BOS pointed out that initial concerns relating to an increase in online casino during the lockdown had not occurred, and that the imposition of new measures would have a further negative impact on chanellisation. Gustaf …
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GVC’s Director of Regulatory Affairs Martin Lycka offers a dramatic twist on the Swedish licensing process, in which operators may not get the curtain call they’ve been looking for. Act I – A Truly Glorious Day January 1, 2019. A momentous day in Swedish gambling history. The online gambling market opens. A fanfare sounds. The curtain goes up. Licensed operators …
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Regulus Partners begins the week by looking at the gambling industry’s perceived fragility pre-COVID and the Swedish ministerial ‘climb down’ on deposit and bonus limits. UK: Regulation – Daily Mail relieves Gambling Commission of duty It seems that one of the effects of Covid-19 has been an abacus shortage in officialdom, so little do matters add up anymore. This week, …
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Svenska Spel has ushered in a ‘new era of gaming’ by announcing that it has deployed IGT’s ‘IGTPay’ cashless payment provisions across its venues. Sweden’s gambling monopoly has amplified its venue payments capacity, having recently upgraded its VLT operating platform to IGT’s ‘INTELLIGEN’ and Quasar systems. The upgrade enables Svenska Spel customers to have the option to transact safely and …
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The business model for Better Collective has shown resilience against COVID-19 headwinds, as it moves to diversify its publishing assets to compete within the esports market. A strong opening to 2020 trading saw Better Collective record a 40% increase in group revenues to €20m (Q12019: €15m), which has been driven by a combination of improved sports win margins and increased …
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LeoVegas AB has launched a Swedish public awareness campaign promoting safe play with licensed online gambling incumbents. The Stockholm-listed online gambling group said it has chosen to launch the campaign to defend the industry against common misconceptions and falsehoods. LeoVegas wants to drive awareness of licensed online gambling incumbents, after independent reports highlighted that the Swedish government has failed in …
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Kindred Group has published its opinion submitted to the Swedish government on the proposal of new player protection measures, which it seeks to implement during the COVID-19 crisis. On 23 April, Sweden’s Health Minister Ardalan Shekarabi presented an emergency proposal to Riksdag, outlining a series of ‘temporary restrictions’ on online gambling operators as further COVID-19 public policy protection measures. Criticism …
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Delivering on key corporate restructuring initiatives, LeoVegas AB has detailed a strong opening to 2020 trading, recording a 4% increase in group revenues to €89 million (Q12019: €86m). The Stockholm-listed online gambling group completed the migration of its 12 UK brands onto its proprietary technology platform, vastly improving game offerings, payment services and engagement functionalities, while also reducing group operating …
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CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …
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GVC’s Director of Regulatory Affairs Martin Lycka reviews the events of a world-changing April 2020, in which tough lessons have been learnt by the lived experience of working and adjusting to national lockdown orders… _____________________________ Dear Diary, What a month this has been. In the UK, we are told the virus has peaked and is now hopefully ebbing. However, we are …
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