British gambling company Betfair has received a penalty fee of SEK 4 million (just over £300,000) and a warning for unauthorised betting. On several occasions, the operator has offered betting on the Under-21 14 football league to its Swedish customers, which is not permitted. This is because, in compliance with regulation SIFS 2020:2, betting on football in the country’s league …
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The Swedish Gambling Inspectorate, Spelinspektionen, has issued an update to B2B companies active in the national market. According to the Inspectorate, some five-year B2B supplier licences are due to expire soon under the new framework introduced back on 1 January 2019. Licence holders are encouraged to reapply for a new licence before the expiry date in order to keep providing …
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Following a judgement in one of Sweden’s Administrative Courts, the country’s Gambling Authority, Spelinspektionen, has revoked its previous decision on the importance of negative equity. The regulator had previously outlined a lack of negative equity as a condition when firms apply for a Swedish betting and gaming licence, but the Court ruling regarding Avento’s application has prompted the charge. In …
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Kindred Group faces further choppy regulatory waters to navigate in Scandinavia this week, receiving a sanction fee and warning from Spelinspektionen, the Swedish Gambling Authority (SGA). The SEK 10.9m (€998,000) penalty was handed out to the Stockholm-listed group’s Spooniker subsidiary – which operates the bingo.se, mariabingo.se, mariacasino.se, storspelare.se and unibet.se sites. Spooniker’s operations between January 2019 and February 2022 were …
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LeoVegas has delivered a strong start to 2021 despite acknowledging headwinds in the German sector related to updated regulatory requirements in the country, as well as encountering difficulties in the Nordics. As part of its Q1 2021 report, it disclosed that casino accounted for 74% and live casino 17% of the group’s Gross Gaming Revenue (GGR), while sportsbook is now …
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Only 5% of Swedes know how to check if an online sportsbook or casino holds a Swedish licence, according to a new survey by the Swedish Gambling Authority (SGA). The survey, carried out in collaboration with Novus using data collected from 1,737 interviewees, found that eight out of 10 Swedes have ‘probably’ not played at a site without a licence …
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Golden Race has received the certification to distribute its complete suite of virtual sports products including races, football leagues and tournaments to licensed operators in Sweden. The certification has been issued by Quinel – an internationally accredited testing lab and inspection body – in accordance with the Swedish Gambling Authority standards and regulations, reinforcing the quality and reliability of Golden …
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