Industry
October 7, 2021
Sweden Considers Additional Measures against Unlicensed Play, Match-Fixing
A new proposal calls for changes in the Gaming Act which may ban all unlicensed play from Sweden. If the government approves the tougher restrictions, even unlicensed gambling operators who are not targeting Swedish players may be banned. Besides a crackdown on unlicensed gambling, the proposal calls for strict measures against match-fixing. Will Sweden Ban […]
Business
October 6, 2021
LeoVegas Approved to Start Bond Trading on Nasdaq Stockholm
Online gambling operator LeoVegas AB announced it successfully applied to list its bonds on the Nasdaq Stockholm corporate bond list and around October 7 the debt instruments will commence trading. LeoVegas Bond Trading LeoVegas revealed in a press release that the Swedish Financial Supervisory Authority signed the listing prospectus the gambling group prepared to apply […]
Business
September 30, 2021
Betsson Shareholders Initiate EGM to Elect Board and Chairman
Recent developments at Betsson AB are taking another turn after the gaming operator’s top three shareholders called for an extraordinary general meeting (EGM). New Board and Chairman at Betsson Published yesterday, the invitation refers to every shareholder of the company who is willing to attend the EGM that will take place at the company’s office […]
Legal
September 29, 2021
Swedish Administrative Court Rejects Fine Appeal from XC Gaming
Last year, the Swedish gambling regulator levied a fine on XC Gaming after it determined that the gaming operator offered multiple bonuses for its highest-depositing customer. Although XC Gaming appealed the $571,000 fine, the Administrative Court rejected the appeal today. The court deemed the infringement as very serious and agreed that the sanction introduced by […]
Industry
September 29, 2021
BOS Turns to Government to Reject “Special Moderation” Proposal
Sweden’s online gambling industry association, Branschföreningen för Onlinespel (BOS), has called on the government to discard a proposal for tighter advertising rules for the gambling industry. Reject the Proposal The proposal for tighter advertising controls was made in June by the Ministry of Finance as part of a review of the country’s advertising standards, the […]
Esports
September 27, 2021
Svenska Spel Teams up with Esportshall to Nurture Grassroots Esports
Svenska Spel, the Swedish lottery and iGaming operator, will work with Esportshall, an esports coaching company and facility, to further develop the growth of competitive video gaming in Sweden. The country is already home to DreamHack, which is one of the most significant esports and gaming festivals around the world, and Swedish Counter-Strike players are some […]
Legal
September 23, 2021
Spelinspektionen: Generally Positive about Stricter Rules for Gambling Ads
The Ministry of Finance in Sweden introduced a proposal for stricter regulation of gambling ads earlier this year. Now, the Swedish gambling regulator unveiled that it is generally positive about stricter rules for advertising gambling products. Currently, similar special regulations are in place for advertisements for alcohol in the country. Swedish Regulator Is Generally Positive […]
Industry
September 20, 2021
Swedish Gambling Watchdog Suspends Fair Play Bets’ and Vivaro’s Licenses
The gambling regulator in Sweden, Spelinspektionen, announced that it revoked Fair Play Bets and Vivaro’s online gambling licenses. The watchdog supported its decision by saying that the two operators did not record any turnover for the first 12 months of having a license. Spelinspektionen Revokes the Licenses of Two Operators Spelinspektionen, the Swedish gambling regulator, […]
Business
September 17, 2021
Betsson CEO Lindwall Steps Down, Executive Search Underway
Swedish gambling group Betsson AB announced today it is on the market for a new chief executive officer to replace CEO Pontus Lindwall, who will be stepping down from the role at the end of the year. Mission Completed The new executive search was authorized by the Board of Directors at Betsson Group following an […]
Business
September 16, 2021
Evoke Gaming Ordered to Confirm Residence of Some Players
William Hill’s Swedish troubles seem to have no end after another of the group’s subsidiaries is challenged to provide evidence of following compliance measures. Proof of Residence Procedure Evoke Gaming, part of William Hill’s Mr. Green subsidiary, was slapped last month with a SEK31.5 million ($3.62 million) fine by the Swedish Gaming Authority (Spelinspektionen) for […]