Tag Archives: Sweden

Issuing its first trading statement as a Nasdaq Stockholm-listed enterprise, Gaming Innovation Group (GiG) details a tough opening to 2019 trading, as the company undertakes Swedish market adjustments. Updating investors, GiG records a 13% group revenue decline to €32 million (Q12018: €37m), attributed to anticipated Swedish market costs following the re-regulation of the market. Swedish adjustments impacted GIG’s revenue segments …

Stockholm-listed Global Gaming has confirmed that Joacim Möller has resigned as Chief Executive of the company with immediate effect. Issuing a market update, Global Gaming confirms that company director Tobias Fagerlund has been appointed ‘acting CEO’, replacing Möller on a temporary basis. Fagerlund has been a member of the Global Gaming board since 2016. In its update, the operator confirmed …

Hosting a press conference, Sweden’s Minister for Public Administration Ardalan Shekarabi has confirmed that the government will undertake a review of ‘aggressive marketing practices’ attached to licensed gambling incumbents. The Swedish government has sanctioned the Gaming Market Commission – Spelmarknadsutredningen to carry out the review – assessing whether to implement new tools or restrictions on ‘overly aggressive’ marketing practices. In …

Issuing a personal statement, Patrik Hofbauer – Chief Executive of Swedish state-owned gambling operator Svenska Spel – has confirmed that from April 2019, Svenska Spel will terminate all forms of online casino advertising. Updating stakeholders, Hofbauer detailed that the decision to ‘stop online casino advertising across all media channels’ has been undertaken by Svenska Spel’s executive team following ‘intensive internal discussions’. The …

Over 30,000 people have registered with the Swedish self-exclusion register, Spelpaus.se, as reported by the country’s national gambling regulator Spelinspektionen. Gambling operators within Sweden are obliged to integrate the Spelpaus.se service as part of their licence conditions, with those who fail to do so facing penalties and potentially having their licence revoked. Having been rolled out on 1 January, coinciding …

Swedish regulator Spelinspektionen has proposed new plans to restrict excessive gambling advertising, while also focusing on the formalisation of a cooperation deal with the country’s Konsumentverket consumer agency. The new plans will split responsibilities between the two bodies, as well as formalise the forms of information exchange and consultation. The regulator has not specified just how much advertising is considered …

Swedish gambling regulator Spelinspektionen has issued another warning to its licensees, but this time, regarding the controls surrounding its bonus offers to customers. The regulator set out rules which state that operators within Sweden are only permitted to offer players a bonus during the first time they play on their site. However, in a letter sent to all licensees, Spelinspektionen …