Tag Archives: Sweden

Spelinspektionen holds no opinion on Swedish gambling tax rises 

SBC News Spelinspektionen holds no opinion on Swedish gambling tax rises 

Spelinspektionen, Sweden’s Gambling Inspectorate, holds ‘no significant opinion’ on the 2024 Budget proposals to increase taxes on the gambling sector. As announced by the memorandum of the Budget 2024, in the Spring of 2024 the Riksdag will debate increasing the gambling tax rate from 18 to 22% of gross gambling revenues (GGR). Should the proposal be approved, the 22% GGR …

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BOS survey highlights public misconceptions of Swedish gambling

SBC News BOS survey highlights public misconceptions of Swedish gambling

Branschföreningen för Onlinespel (BOS), Sweden’s online gambling trade association, has highlighted consumer misconceptions related to the country’s gambling marketplace.  The trade body has published the “Novus Report: Perceptions of the Gambling Industry Amongst Swedes” detailing comprehensive insights into the Swedish public’s views on gambling and related advertising. Commissioned by BOS, Swedish research agency Novus conducted a survey of 1054 participants, …

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ATG ownership rights to be resolved in 2024

SBC News ATG ownership rights to be resolved in 2024

Swedish horseracing stakeholders have stated that the governance structure of ATG (Aktiebolaget Trav och Galopp) must be addressed in 2024.  The statement was made by Anders Källström, Chairman of Svensk Travsport at the autumn meeting of the Stockholm Harness Racing Society.  ATG, which serves as the totalizer and betting network of Swedish racing, was founded as a government initiative in …

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Swedish regulator to be assessed following significant market change

SBC News Swedish regulator to be assessed following significant market change

The Swedish National Audit Office, Riksrevisionen, has officially begun an audit of Spelinspektionen to assess the effectiveness of the regulator’s authority over the country’s gambling market. In November 2022, the market underwent a significant change after the Riksdag – the country’s highest decision-making assembly – ordered all B2B gambling companies to have a licence with Spelinspektionen by 1 July 2023 …

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Spelinspektionen gains approval to increase Swedish gambling fines  

SBC News Spelinspektionen gains approval to increase Swedish gambling fines  

Spelinspektionen has welcomed new changes to Sweden’s Money Laundering Act that will allow the gambling inspectorate to increase financial penalties on gambling-related fines/infringements. The decision was approved by Finansdepartementet, Sweden’s Ministry of Finance, which will allow the inspectorate to increase penalty fees for gambling operators violating AML rules from 1 April 2024. The inspectorate had previously submitted its proposals to …

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Soft2Bet: our gamification features combine innovation with modern technology

SBC News Soft2Bet: our gamification features combine innovation with modern technology

Gamification is more than a “nice-to-have”, it drives substantial revenues and enables igaming companies to keep up with technological advances, writes Yoel Zuckerberg, Chief Product Officer at Soft2Bet.  Gamification is often mentioned as a feature that suppliers and operators should add to their product portfolio, rarely as a key component of their growth strategy that can drive substantial revenues to …

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Spelinspektionen calls for reconsideration of credit card ban despite ‘signal value’

SBC News Spelinspektionen calls for reconsideration of credit card ban despite ‘signal value’

Sweden’s Gambling Inspectorate, the Spelinspektionen, has responded to a consultation initiated by the country’s government examining how gambling induced debt can be countered, offering its view on a credit card ban. In a proposal published today, the regulator’s Director General, Camilla Rosenberg, stated that ‘there may be reason to reconsider’ whether a ban on credit card use for gambling payments …

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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 …

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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, …

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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 …

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