Stockholm-listed gambling operator Kindred Group will keep challenging the fine imposed on its subsidiary Trannel International Ltd by the Norwegian Gaming Authority (Lotteri- og stiftelsestilsynet) for offering services to Norwegian customers. Despite the Changes Trannel Made, the NGA Reinforced the Fine on the Kindred Group In September, the Norwegian Gaming Authority (NGA) slapped Malta-based Kindred […]
Lotteritilsynet, Norway’s gambling regulator, has long been trying to stop Trannel, a Kindred Group subsidiary, from illegally operating in the country. The situation recently came one step closer to its resolution as Trannel gave in and promised to comply with the authority’s conditions. Trannel to Stop Actively Targeting People in the Country Last month, the […]
Trannel’s Norwegian saga took an unexpected turn today after the country’s gambling regulator, the Norwegian Lottery Authority, announced a suspension of the daily fine of NOK 1.2 million ($112,265). Temporary Suspension of Compulsory Fine In a statement on its website, Lottstifts announced that the hefty daily fine that had been imposed on Kindred Group’s subsidiary […]
Stockholm-listed gambling operator Kindred Group is going to appeal the decision by Lotteritilsynet (the Norwegian Lottery Authority) to fine its Malta-based subsidiary Trannel with NOK 1.198 million ($117,164) per day starting on October 5. Kindred Group Continues Operations, as Usual, Awaiting the Court Decision Kindred Group CEO Henrik Tjärnström has announced that his company is […]
A subsidiary of Kindred Group was issued with a hefty fine for operating without a license in Norway and refusing to stop operations, the Norwegian Lotteries Authorities confirmed Thursday. Illegal Operations to Cost Annual Income Trannel, the Malta-licensed subsidiary of Stockholm-listed Kindred Group and operator of the group’s flagship Unibet brand, which is the main […]
At the beginning of 2022, Lotteritilsynet, Norway’s gambling regulator, warned Kindred Group that it risks fines if it continues its unlicensed operations in the country. The authority is now preparing to penalize the operator as the latter refuses to have its subsidiary quit the Norwegian market. Lotteritilsynet Warns Trannel for the Last Time Trannel International […]
Norway’s national lottery operator, Norsk Tipping, announced it will no longer promote its sports betting services on TV. This decision comes soon after the country’s major broadcasters vowed to stop promoting unlicensed operators. Norsk Tipping to Reduce Ads Earlier this year, the Norwegian Media Authority, the country’s media regulator, found out that the five biggest […]
Norsk Tipping, Norway’s state-owned gambling operator, will change its TV marketing strategy. The company announced that it will take high-risk people in mind and adjust its advertisement accordingly. Norsk Tipping Vows to Do Better Norsk Tipping plans to reduce adverts that promote some of its more aggressive games. This includes both TV ads and marketing […]
The gambling authority in Norway has congratulated the media authority for holding on to its firm decision to keep banning gambling advertising on TV. The decision was not received well by media broadcasters. Among them, Altibox and Telia, two companies that required the regulations to go through a process of revision for allegedly contradicting European […]
Scout Gaming, a B2B fantasy sports provider, announced that it has found out about $1.7 million of financial commitments dating to 2021. Subsequently, the company announced that it will be cutting its workforce in half and diluting its shares by 90%. Scout Gaming Identified a $1.7M Black Hole The findings were first mentioned in a […]
