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 […]
Online gambling operator Kindred Group received another blow in its legal battle to operate in Norway after a court in the capital sided with the country’s gaming regulator and ordered the operator to leave the market. Legal Setback for Trannel Trannel, a Malta-licensed subsidiary of Kindred Group, lost its appeal in the Oslo District Court […]
NorskRikstoto, Norway’s only horse racing operator, has selected BetMakers’ Global Tote as its new provider. Thanks to this agreement, Global Tate, which is owned by BetMakers will distribute its Quantum tote to NorskRikstoto and replace the current pari-mutuel wagering system of the operator. NorskRikstoto Is Looking To Become More Competitive in the Market The director […]
Last November, Norway asked the European Commission for permission to use DNS blocking for gambling operators opposing cease and desists requests. The request marked a new attempt to gain better control over the websites that can be accessed by gamblers in the country and it came several months after the Broadcasting Act granted the Norwegian […]
The gambling regulator in Norway warned Kindred’s subsidiary of coercive fines daily unless illegal gaming offering isn’t discontinued. Trannel May Face Daily Coercive Fines in Norway, Warns Regulator The Norwegian Lotteries Authority, Lottstift, issued a warning against Kindred’s subsidiary Trannel International Limited on Tuesday. The regulator warned the subsidiary that it may face “coercive fines” […]
Norsk Tipping, the national lottery of Norway, has announced on national media the stepping down of its chief executive officer Åsne Havenelid. She will be leaving the company after serving as CEO for six years. Åsne Havenelid Will Wait Until a Successor Is Found Havenelid had replaced Torbjørn Almlid, the former CEO of Norsk Tipping, […]
Online gambling affiliate service CasinoTop.com announced it acquired Scandinavian-focused affiliate website CasinoTopp.net to gain a foothold in Nordic markets. ‘Giant Leap’ The strategic acquisition of CasinoTopp for an upfront payment of €10.5 million ($11.9 million) is expected to help CasinoTop establish its presence in the region and become the leading supplier of SEO-based online casino […]
B90 Holdings has unveiled an agreement to complete a strategic acquisition of sports betting site Oddsen. The site operates in Norway and is currently owned by Performance Media. To help boost the acquisition, B90 has raised some $1.7 million through a subscription of 8,888,465 in new ordinary shares B90 Holdings Agrees to Acquire Assets from […]
The country has submitted a consultation paper to the European Commission, seeking the power to mandate DNS blocking as a measure of last resort against gambling operators who flout Norwegian gaming law and fail to communicate and collaborate. Norway Takes Aim at Offshore Operators Norway will continue to follow the best practices regarding consumer safety in […]
Norsk Tipping deepens ties with Playtech in a renewed content partnership for online gaming products and video lottery terminals. Norsk Tipping and Playtech Renew Push in iGaming and Brick-and-Mortar Gaming Playtech has signed a brand-new partnership with online Norway’s state gaming operator Norsk Tipping, delivering a range of high-quality iGaming products developed by partner studios […]
