Tag Archives: Sweden

Sweden adopts new market controls against illegal gambling

SBC News Sweden adopts new market controls against illegal gambling

Swedish gambling stakeholders have been reminded of the new measures adopted to counter illegal gambling and match-fixing, which have come into force as of 1 July 2023. Q1 saw the Riksdag (parliament) approve new amendments to the Gambling Act (2018) ordered by the Ministry of Finance to enhance Swedish gambling’s market safeguards against criminality and match-fixing.    From 1 July, all …

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Betsson reinforces dedication to Swedish padel

SBC News Betsson reinforces dedication to Swedish padel

Betsson has become the official title sponsor of the A1 Padel Swedish Master tournament, which is taking place between 10-16 July. The Halmstad-based competition offers a prize pool of one million SEK (€86.5k / £74k), and involves top-ranked players such as Maximiliano Arce and Franco Dal Bianco, as well as Leo “Tolito” Aguirre. A1 Padel, formerly known as APT, was …

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Sweden to probe exemptions of Party Political Lotteries

SBC News Sweden to probe exemptions of Party Political Lotteries

Finansdepartementet – Sweden’s Ministry of Finance – has initiated an inquiry into the rules of party political lotteries, following concerns about the transparency of political funding. The Ministry outlined that its investigation would focus on “options to tighten party political lottery rules, strengthen consumer protections, and consider whether to grant licences for such lotteries.” Former civic ombudsman and Director-General of …

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Sweden mulls higher penalties for breaches of Money Laundering Act 

SBC News Sweden mulls higher penalties for breaches of Money Laundering Act 

Sweden’s government is considering a proposal to increase penalty fees for businesses that breach the country’s Money Laundering Act provisions. The Minister of Financial Markets, Niklas Wykman, who oversees policy for the Swedish gambling sector, has put forward the proposal. In a memorandum, the country’s gambling inspectorate, Spelinspektionen, noted that the current arrangement is “unsatisfactory” as “in many cases” violations …

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BOS: Sweden has failed critically on gambling channelisation

SBC News BOS: Sweden has failed critically on gambling channelisation

Branschföreningen för Onlinespel (BOS), Sweden’s online gambling trade association, has warned the government that it is grappling with a crisis in the channelling of Sweden’s regulated online gambling marketplace. The warning follows a report commissioned by BOS, which details that consumer engagement with licensed operators )referred to as ‘channelling’) is at a critically low level in Sweden. The report undertaken …

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Swedish Inspectorate hires Kristina Geiger to establish new support unit

SBC News Swedish Inspectorate hires Kristina Geiger to establish new support unit

Spelinspektionen Sweden’s Gambling Inspectorate has confirmed the appointment of Kristina Geiger as the head of a “new department for operational support”. Geiger joins the Inspectorate’s senior management team, previously holding the position of Treasurer at the Statens Historiska Museum from 2021 to 2023. A seasoned member of Sweden’s civil service, Geiger has held various senior management roles and led departmental …

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Playtech powers up 10bet UK & Sweden drive 

10Bet

Playtech Plc has announced that it will serve as lead platform and system provider for challenger sportsbook brand 10bet’s UK and Swedish market activities.  The agreement comes as 10bet hits the corporate milestone of servicing “a loyal user base of more than one million bettors”. Seeking to expand its presence in the UK and Sweden significantly, 10bet has appointed Playtech …

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Kambi and Air Dice become latest Swedish B2B licensees

Kambi, Air Dice, Sweden

The Swedish Gambling Inspectorate, Spelinspektionen, has issued two more B2B supplier licences to locally-founded Kambi and Finnish firm Air Dice. Enabling Kambi to continue providing its sportsbook and gaming solutions to Swedish B2C operators and marking an expansion for Air Dice, the licences further expand the country’s B2B marketplace following a new legislative framework introduced earlier this year. Swedish B2B …

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ATG board overhauled by new Swedish government

SBC News ATG board overhauled by new Swedish government

Sweden’s new centre-right coalition government continues to announce new appointments impacting the Swedish gambling sector. On 1 June, the government confirmed the appointment of Peter Erik Norman as new Chairman of the board of AB Trav och Galopp (ATG) – the Swedish racetracks and horseracing totalizer network operating firm.  A Moderate Party member, Norman is the former Financial Services Minister …

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LeoVegas nets Swedish B2B licences to continue its games expansion 

Gustaf Hagman, LeoVegas CEO

LeoVegas Group has successfully secured three five-year B2B licenses from Spelinspektionen, Sweden’s Gambling Inspectorate.  The licences will enable LeoVegas to expand its game studio, Blue Guru Games, along with two other technology platforms to expand its supply of gaming software within Sweden, beginning 1 July, 2023 The introduction of B2B licenses comes as a strategic move aimed at strengthening the …

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