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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
Play’n GO invites players to a small, traditional village in la bella Italia where they will face off the never-ending battle between chicken and fox. The animal-themed slot incorporates plenty of humorous farm elements, scatter symbols, and a free spins bonus game. Rocco Gallo Metrics Overview Reels: 5 Rows: 3 Paylines: 20 RTP: – Hit […]
The Swedish government has submitted a report to Sweden’s Law Council (Lagrådet) with proposals, whose objective is to exclude illegal players from the Swedish gambling market and counteract the manipulation of results in sports or the so-called match-fixing. The new measures should be introduced in Swedish law before 1st July 2023. The New Measures Aim […]
The Moderaterna Party in Sweden has submitted its provisional mandate in which it lays out its plans to overhaul the gambling industry in the country if it wins the elections this autumn. The mandate has been submitted to the Riksdag, the highest-decision-making assembly in Sweden. Svenska Spel Will Be Separated into Two Entities Gambling laws […]
Aktiebolaget Trav och Galopp (ATG), an online casino and horse racing betting company, has extended its partnership with the Swedish Biathlon Federation for four more additional years. The two parties originally started working together in 2018 and the extension comes just ahead of ATG’s biathlon extension, which is scheduled for next year. The Contract Has […]
