Tag Archives: Sweden

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Scout Gaming AB cites that more ‘transformative work’ is required for the company to become a profitable cash-generating business. The Nasdaq Nordic listed real money fantasy sports software supplier saw its full-year 2022 net losses stand at SEK 60m (- €5.5m), with bottom-line results reflecting a 27% decrease on FY2021 losses of SEK 82m (-€7.4m). The narrowing of year losses …

Spelinspektionen – Sweden’s gambling inspectorate, has called on all gambling policy stakeholders and industry leadership of Nordic gambling markets to join its ‘Live Seminar’ on 21 March 2023.  The event will be hosted at the Stockholm Waterfront from 10am-to-5pm and will provide the most comprehensive analysis of Nordic gambling market’s policy developments and wider issues impacting regulatory affairs. “Together with …