Tag Archives: Sweden

BOS: Swedish market holds no balance on confronting the black market 

Sweden’s Trade Association for Online Gambling (BOS) has branded the government’s proposals to extend temporary consumer restrictions on online casino wagering as illogical, with ministers devoid of the real-life consequences of their judgement. Sweden’s Riksdag has reviewed a raft of ‘Covid-19 protections’ proposed by the Ministry of Finance, which will see current weekly SEK 5,000 deposits limits and capped SEK …

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Swedish government holds consultation on extending gaming restrictions

The Swedish government has outlined new proposals to extend the current restrictions on the gaming industry until the end of June 2021, citing concerns over the coronavirus pandemic. The memorandum, which has been submitted for consultation until 23 November 2020, includes an extension to a series of ‘temporary measures’ introduced earlier this year such as a SEK 5,000 deposit limit …

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Diverse Kindred eyes record closing to 2020 trading 

Kindred Group has declared that its ‘diverse long-term business model’ and ‘cost focus’ will help the company deliver on all 2020 objectives, navigating a year of unprecedented business challenges.  Publishing its Q3 trading statement (period ending 30 September), Kindred has recorded group revenues of £280 million, reflecting a 24% increase on Q3 2019’s corresponding £226 million. Driving performance, Kindred stated …

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Winning Post: Easy ‘Nordic cash’ is drying up…

Regulus Partners begins November proceedings by examining the Nordic market developments. Once recognised as fruitful territory for igaming operators, heavy-handed restrictions, penalties and increased taxes have changed Scandinavia’s market outright.  ___________ Norway has become a much tougher market in which to operate over the last couple of years, especially for those not willing or able to get creative with payments …

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BOS & NOGA call for European harmonisation after forming new cooperation pact

STS - European Union flag on blue sky background

Branschföreningen för Onlinespel (BOS), Sweden’s igaming trade body, has signed a ‘cooperation pact’ with ‘The Netherlands Online Gambling Association’ (NOGA) to channel responsible participation within their respective marketplaces.    Having guided licensed incumbents through Sweden’s relaunch of its reformed online gambling marketplace during 2019. BOS confirms that it will share knowledge and best practices with NOGA as the Netherlands moves to …

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Betsson rides high on global profile following record Q3 performance

Betsson AB has continued its strong 2020 momentum after the Stockholm-listed online gambling group backed its domestic and international prospects closing year-end trading.  Publishing its Q3 2020 trading update, Betsson recorded group revenues of SEK 1.67 billion (€161m), up 31% on corresponding 2019’s SEK 1.27 billion.   Driving performance, Betsson noted a record 46% increase in active customers across its online …

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Svenska Spel and SvFF brand Sweden as ‘Zombie nation’ on sports integrity  

In a joint-article published by Swedish newspaper Aftonbladet, Svenska Spel CEO Patrick Hofbauer and Swedish FA (SvFF) General Secretary Håkan Sjöstrand have called for an immediate overhaul of Sweden’s ‘match-fixing council’.  The Swedish government established its match-fixing council on 1 January 2019, coinciding with the launch of Sweden’s re-regulated online gambling marketplace. The council was earmarked as a key agency …

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Kindred promotes ‘proven talent’ Erik Backlund to Group CPO

Kindred Group Plc has confirmed the promotion of long-term sportsbook lead Erik Backlund to the position of Group Chief Product Officer (CPO), further serving as a new member of the Stockholm-listed firm’s executive leadership team. The internal promotion sees Backlund replace Fredrik Kjell, who departed Kindred this autumn to join telecoms securities firm TrueCaller as chief operations officer. Updating investors, …

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Svenska Spel recruits Red Bee Media to power PMU live streams

Svenska Spel has employed London-based live streaming solutions provider Red Bee Media to develop a tailored OTT viewing service for its recently secured racing partnership with France’s PMU. Announced at the start of September, Svenska Spel agreed to significantly expand its racing content and markets, securing full access to all PMU daily racing fixtures to be broadcast live across its …

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Spelinspektionen issues ban on yellow card markets

Spelinspektionen, the Swedish gambling regulator, has issued a further crackdown on match-fixing after confirming that it will ban betting markets on rule violations such as expulsions, penalties and yellow cards in football. The new rules, which come into force from 1 January 2021, will be applicable to games played in Sweden. The regulations, according to the regulator, will mean that …

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