Tag Archives: Sweden

Riksdag grants Spelinspektionen new surveillance and blocking powers

SBC News Riksdag grants Spelinspektionen new surveillance and blocking powers

Sweden’s Riksdag (parliament) has announced that new safer gambling measures and market safeguards will be added to the Swedish Gambling Act as of 1 July 2023. The new measures on safer gambling have been approved following a vote on the latest reforms made by Sweden’s Culture Committee, which put forward its “Healthier and Safer Gambling market recommendations”.   From July, Sweden’s …

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BOS welcomes ‘GGR penalty revision’ on Genesis dispute

SBC News BOS welcomes ‘GGR penalty revision’ on Genesis dispute

Sweden’s  Supreme Administrative Court has sided with the challenge of Gambling Inspectorate Spelinspektionen in its legal dispute with multi-brand casino operator Genesis Global. However, in its judgement, the Administrative Court has ordered that the penalty fee levied against Genesis needs to be revised due to “ambiguities around the concept of turnover” and how the penalty was applied by Spelinspektionen.  Previously, …

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GiG becomes latest Swedish B2B licence holder

GiG becomes latest Swedish B2B licence holder

The Swedish Gaming Authority, Spelinspektionen, has awarded the latest in a series of B2B supplier licences to Gaming Innovation Group (GiG). GiG becomes the eighth betting and gaming supplier to secure approval under Sweden’s new B2B framework, approved by the Rikstag parliament in November last year with backing from the Ministry of Finance. The firm, which maintains offices in London …

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Betsson achieves record Q1 results reflecting new market make-up 

Betsson AB CEO Pontus Lindwall

Betsson AB has reported a ‘record strong start to 2023 trading’, as the Stockholm-listed gambling group celebrates its 60th year in business. Publishing its Q1 trading update, Betsson lauds bumper financial results as group revenues increased by 30% to €222m compared to Q1 2022 results of €170m. Headline growth accounted for a 37% increase in casino revenues to €152 and …

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Spelinspektionen bolsters 2023 budget to tackle black market threats

SBC News Spelinspektionen bolsters 2023 budget to tackle black market threats

Spelinspektionen, Sweden’s Gambling Inspectorate, has welcomed the news that it will receive extra funding towards combating illegal gambling activities.  Authorised by the Riksdag, the Inspectorate will receive a further SEK 2.4m (€200,000) to its 2023 budget, allocated towards safeguarding Sweden’s regulated online gambling marketplace. The Inspectorate had requested additional funds to bolster resources, in a year in which it “handle …

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Swedish Alliance signals no change to Gambling Inspectorate

SBC News Swedish Alliance signals no change to Gambling Inspectorate

Spelinspektionen, Sweden’s Gambling Inspectorate, will maintain the current size of its seven-member board of governance. The decision has been approved by Sweden’s ‘Centre-Right Alliance’ government – a coalition formed by the four parties of the Swedish Moderates, Christian Democrats (CD), Liberal Party, and Centre Party. The only change adopted by Spelinspektionen will see long-serving counsellor Per Håkansson appointed as Chairman …

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B2B firms highlight ‘significant growth opportunities’ in Swedish sector

Swedish economy

The expansion of the Swedish B2B supplier pool has been praised by EveryMatrix, one of the latest companies to secure a five-year licence in the country. A new framework for B2B sportsbook and igaming providers will come into force in Sweden on 1 July, and the Spelinkspection gambling authority is currently processing over 60 applications from 1 March onwards. EveryMatrix …

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Spelinspektionen begins review of Spelpaus self-exclusion effectiveness 

SBC News Spelinspektionen begins review of Spelpaus self-exclusion effectiveness 

Spelinspektionen, Sweden’s Gambling Inspectorate, has been ordered by the government to examine the effectiveness of national gambling self-exclusion scheme Spelpaus.se. The command has seen Spelinspektionen launch a ‘dedicated survey’ to secure lived-experience feedback from Spelpaus users. The inspectorate informed: “We turn to those of you who are or have been banned from Spelpaus.se with the question of whether you want …

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Svenska Spel to tighten player monitoring to counter changing Swedish outlook 

SBC News Svenska Spel to tighten player monitoring to counter changing Swedish outlook 

Svenska Spel vows to deepen monitoring of ‘at-risk behaviours’ as Swedish cost-of-living concerns have grown since the start of the year.  Sweden’s state-owned gambling operator announced that it had registered no increase in problematic gambling behaviours in its business activities during the first two months of 2023. The assessment comes despite the ongoing financial challenges Swedish citizens face due to …

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Catena exercises warrants to expand available share capital  

Catena Media

Catena Media Plc has settled its shareholder subscription options related to warrant rights issued for the period of 2020-to-2024. The Stockholm-listed media publisher had previously alerted shareholders of its intentions to exercise warrants following its Q4 2022 trading results.   The transaction saw 6,663,913 of warrants paid by Catena, corresponding to approximately 19.7% of all outstanding warrants being exercised for cash …

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