Tag Archives: Sweden

Videoslots to contest Swedish AML investigation 

SBC News Videoslots to contest Swedish AML investigation 

 Spelinspektionen, the Gambling Inspectorate of Sweden, has issued a warning and penalty fee of SEK 9m (€750k) on Videoslots for failure to uphold protections of Sweden’s Money Laundering Act. The Inspectorate had placed Videoslots under supervision on 2 November 2021, citing “shortcomings in the work against money laundering and financing of terrorism”.  Under scrutiny, Videoslots is reported to have insufficient …

Read More »

Spelpaus hits 100,000 Swedish self-exclusions 

SBC News Spelpaus hits 100,000 Swedish self-exclusions 

Spelpaus, Swedish gambling’s centralised self-exclusion system has hit the milestone of registering 100,000 users at risk of gambling harms.  Operated by Spelinspektionen, Sweden’s Gambling Inspectorate, Spelpaus was launched on 1 January 2019 as the primary player protection service of Sweden’s relaunched online gambling marketplace. By law, Swedish online gambling operators are required to connect their databases with the Spelpaus register, …

Read More »

BOS backs new credit protections for Swedish consumers

SBC News BOS backs new credit protections for Swedish consumers

Branschföreningen för Onlinespel (BOS), Sweden’s online gambling trade association , has endorsed  proposals to strengthen consumer credit protections and new safety protocols regarding risky lending and over-indebtedness as proposed by Ministry of Justice. The planned changes include tightening rules around consumers being offered and given credit that they do not have the financial means to repay, in addition to establishing a debt …

Read More »

Svenska Spel widens reach and impact of Elite Sports Scholarships

SBC News Svenska Spel widens reach and impact of Elite Sports Scholarships

 Svenska Spel has announced that it will sponsor “50 Swedish athletes from 40 different sports” continuing its ‘Elite Sports Scholarship’ programme in partnership with Riksidrottsförbundets, Sweden’s Sports Confederation. The flagship sports directive of Sweden’s state-owned gambling and lotteries monopoly received applications of 353 athletes from 36 different Swedish sports federations to join its 2023/2024 programme.  Scholarship recipients will receive SEK …

Read More »

Kambi wins Svenska Spel ‘sportsbook diversification’ tender 

SBC News Kambi wins Svenska Spel ‘sportsbook diversification’ tender 

Kambi Group Plc has won an exclusive commercial tender to enhance and diversify the end-to-end sportsbook capabilities of Svenska Spel. Announced as a ‘major coup’ for the Stockholm-listed technology group, Kambi will power ‘Svenska Spel Oddset’, the flagship sportsbook brand of Sweden’s state-owned gambling and lotteries group. Svenska Spel has enlisted Kambi to supply all sportsbook-related provisions to deliver a …

Read More »

Kambi secures Swedish renewal with ATG

SBC News Kambi secures Swedish renewal with ATG

Kambi Group Plc has renewed its multi-channel sportsbook supplier agreement with AB Trav och Galopp (ATG), Sweden’s horse racing and trotting monopoly. The Stockholm-listed technology group will continue to provide ATG with its comprehensive end-to-end sportsbook solution, inclusive of AI-powered trading systems. This Swedish partnership, active since 2018, has allowed Kambi to deliver customised trading solutions for ATG’s retail network …

Read More »

Spelinspektionen accepts AML penalty fee settlement for 2024  

SBC News Spelinspektionen accepts AML penalty fee settlement for 2024  

Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a ‘positive response’ to changes that will be applied to the Money Laundering Act. As sanctioned in September by Finansdepartementet – the Ministry of Finance of Sweden – Spelinspektionen must “adjust penalty fees for gambling operators violating AML legislations” from 1 April 2024.   The proposed adjustment equates to penalty fees for AML infringements, in …

Read More »

Swedish government proposes gambling tax increase in 2024

Sweden

The Swedish government has announced a proposal within its 2024 budget to increase gambling GGR tax as it believes the country’s market is now steady following legalisation in 2019. From 1 July 2024, Regeringskansliet plans to increase Sweden’s gambling tax from 18 per cent to 22 per cent in hopes of raising an additional SEK 540m (£39.4m) per year. With …

Read More »

Spelinspektionen submits 2024 lottery reforms to EC 

SBC News Spelinspektionen submits 2024 lottery reforms to EC 

Spelinspektionen, Sweden’s Gambling Inspectorate, has submitted its proposed commercial and technical rule changes on state lotteries and lotteries for charitable purposes to the European Commission (EC).  The changes, filed as “The Lottery Inspectorate’s general advice on state lotteries and lotteries for charitable purposes,” will necessitate updates to Sweden’s Gambling Act and a subsequent review by the EC’s Chamber of Commerce.  …

Read More »

Sweden to equalise Gambling fines on AML violations

SBC News Sweden to equalise Gambling fines on AML violations

Finansdepartementet, the Ministry of Finance of Sweden has moved to equalise AML fines and penalties across high-risk Swedish industries.  The decision has been welcomed by Swedish gambling trade association Branschföreningen för Onlinespel (BOS) on the condition that gambling revenue specifics are recognised by authorities. Last Friday, Finansdepartementet published a memorandum which outlined changes to the Money Laundering Act, citing that …

Read More »