Tag Archives: Trannel International

Kindred Group has stated that it is ‘confident’ that the Lottstift’s – the Norwegian Gambling Authority (NGA) – ‘coercive fines’ against it cannot be enforced outside of Norway. The international gambling group, founded in Sweden but headquartered in Malta, will uphold its challenge to the fine in court, adding that it will also continue to ‘passively accept’ Norwegian customers. Imposed …

Defying a recent enforcement action by the Norwegian Lottery Authority (Lottstift), Kindred Group has stated that it will continue to operate as normal in the country.  In an interview with Swedish business news outlet Dagens Industri, Kindred CEO Henrik Tjärnström stated that the company will appeal the financial penalty and a cease and desist order.  The Swedish group operates in …

Norsk Tipping, Norway’s state-backed betting and lottery monopoly, has confirmed the appointment of Thor Gjermund Eriksen as its new CEO.  A career journalist, Eriksen most recently served as Director-General of the Norwegian Broadcasting Corporation (NRK), having held the position since 2013.  Although his tenure as NRK Director-General was not due to expire until 2025, Eriksen had previously detailed that he …

Kindred Group has faced significant regulatory hurdles in the Nordic markets over the past week, with two of its subsidiaries falling foul of authorities in Norway and Denmark.  Last week, the Norwegian Lotteries Authority informed the Nasdaq Nordic-listed gambling group’s Trannel International brand that it would be hit with a daily fine of NOK 1.2 million (€120,000) if it does …

Unibet has been handed one order and five reprimands by Spillemyndigheden, the Danish Gaming Authority, for ‘a number of breaches’ of KYC and AML requirements.  It was found that the Kindred sports betting brand’s AML strategy left the firm exposed to an increased risk of money laundering. In particular, the operator was found to have ‘not sufficiently made a risk …

The Norwegian Lotteries Authority has warned Kindred Plc subsidiary Trannel International that it will be sanctioned with a ‘coercive fine’ of NOK 1.2 million (€120,000) per day if it does not cease its unlicensed activities immediately.  A statement issued by Lottstift – Norway’s gambling regulator – has confirmed that Norwegian authorities will take the toughest disciplinary approach against repeat offender …