Industry
September 1, 2022
Kindred Group to Host Sustainable Gambling Conference in Amsterdam
Kindred Group will host the Sustainable Gambling Conference for the seventh consecutive time this year. The event will be taking place in Amsterdam this October 19, and it will reunite industry experts who will seek ways to bolster the industry together and safeguard consumers against ill-meaning operators while improving the company’s own operations to be […]
Sports
August 30, 2022
Swedish Regulator Slaps ATG with SEK 2M Fine Over Self-Exclusion Failure
Swedish gambling regulator Spelinspektionen has made a decision to reprimand and fine horse racing and sports betting operator AB Trav och Galopp (ATG) with the amount of SEK 2 million ($188,434) due to deficiencies in its self-exclusion option. No Access to the Self-Exclusion Function on ATG Platforms During a Period of Two Weeks On February […]
Casino
August 23, 2022
Svenska Spel to Contribute $3.95M to Gambling Addiction Research by 2027
The independent council of the Svenska Spel has announced that it will pledge SEK42 million ($3.95 million) to support Swedish research on the gambling industry and gambling problems over the next 5 years. Since 2010, Svenska Spel has given over SEK60 million ($5.6 million) to this type of research and the goal is to make […]
Casino
August 23, 2022
Swedish Player Wins Over €200.000 with Soft2Bet Casino
Online sports betting and iGaming platform provider Soft2Bet announced that a Swedish player had won one of the largest jackpots at YoYo Casino, one of the operator’s online brands. Soft2Bet released a special video on their official YouTube channel, congratulating the lucky individual who will walk away with 229,072.90 SEK, equating to roughly €214.000. The […]
Legal
July 29, 2022
SEK 10M Claim Filed Against Kindred Subsidiary in Sweden
Swedish entrepreneur and Odd Molly founder Per Holknekt has submitted a major lawsuit to Stockholm District Court against the parent company of Unibet, Kindred Group, together with a claim for over SEK 10 million ($986,263). Holknekt Speaks Openly About His Gambling Addiction 62-year-old Per Holknekt has been struggling with gambling addiction for a long time. […]
Casino
July 18, 2022
Svenska Spel’s Q2 Revenues Plateaued
Svenska Spel, a Swedish state-owned operator, posted its financial results for the second quarter of the year. The company’s net gaming revenue plateaued but its land-based operations experienced a steady recovery. Svenska Spel Posted Its Q2 Results According to Svenska Spel, the company’s net gaming revenues increased by a single percent during the second quarter […]
Casino
July 14, 2022
Swedish Court Rejects Zecure Gaming’s Final Appeal Over Fine
Zecure Gaming missed its last chance to avoid a substantial fine of SEK 3 million ($283,092) as its appeal was rejected by the Swedish Supreme Administrative Court. The fine was imposed by the Swedish gambling watchdog back in 2019 and Zecure Gaming tried to appeal the decision three times. Zecure Gaming Was Fined for Offering […]
Legal
July 7, 2022
Betway, SkillOnNet and Betfair Forced to Pay Fines
Three gambling companies that previously breached Sweden’s Gaming Act were denied appeals by the Swedish Supreme Administrative Court. The companies in question are Betway, SkillOnNet and Betfair. The first two were found guilty of offering bonuses and special promotions to their players, despite it being illegal in the country. The latter was accused of accepting […]
Casino
June 22, 2022
Svenska Spel CEO Criticizes Sweden’s Restaurant Casino Industry
Svenska Spel CEO and president Patrik Hofbauer has harshly criticized the lack of control and rules in the Swedish restaurant casino sector in a publication in Svenska Spel’s corporate blog. Hofbauer has called for a change in regulations and points out as one of his main concerns that a person with gambling issues can easily […]
Business
June 18, 2022
Betsson AB Placed €90m in New Senior Unsecured Bonds
Swedish-based gambling group Betsson AB announced this week it has managed to successfully place new senior unsecured bonds in the amount of €90 million ($94.23 million). Institutional Investor Interest The new bonds issued by Betsson AB are under a framework of up to €250 million ($261.75 million), have a tenor of three years, and bear […]
