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Legal
May 15, 2023
Spelinspektionen Can Now Block Payments From Unlicensed Operations
The amendment of Sweden’s Gaming Act has brought a series of important changes to the country’s gambling legislation. Among the big changes that will go into effect starting July 1, we can mention the Swedish legislature appointing a number of powers to Spelinspektionen. Besides the revised right to block electronic payments under suspicion of the […]
Business
May 12, 2023
Stakelogic Delivers Games for Glitnor Group in Sweden
The provider of classic slots offering engaging and rewarding features, Stakelogic, expanded its Swedish footprint after announcing a new deal. The company revealed Friday it joined forces with one of the popular and well-established gambling operators in the market, Glitnor Group. Thanks to the new partnership, the Group’s brands Happy Casino and Lucky Casino will […]
Industry
May 9, 2023
GiG Grabs Swedish B2B License Ahead of New Regulations
Gaming Innovation Group (GiG) has been awarded a new license in Sweden, the group announced. The leading iGaming platform and sportsbook provider reported securing approval from the Spelinspektionen, allowing it to continue offering its B2B products in the country ahead of the introduction of the new regulations. Sweden recently decided to regulate providers of online […]
Industry
May 5, 2023
Sweden Urges Spelinspektionen and Finansinspektionen to Work Together
Spelinspektionen, Sweden’s gambling regulator, announced that the government has urged it to work together with the Financial Supervisory Authority (Finansinspektionen) to combat illegal gambling. This comes following the introduction of changes to the gambling regulator’s powers. According to the Swedish government, the Spelinspektionen and the financial authority should work together to control financial transactions related […]
Industry
May 3, 2023
Soft2Bet Grabs B2B License in Sweden
Soft2Bet, an operator group and platform provider, is set to expand its presence in the Nordics after securing a B2B license from the Swedish Gambling Authority. This is a huge development for the company as it will be able to provide proprietary solutions to its B2C businesses in the country. Thanks to the new permit, […]
Business
April 28, 2023
ATG Posts Suboptimal Q1 Results amid Economic Headwinds
Aktiebolaget Trav och Galopp (ATG), Sweden’s former horse racing monopoly, posted its Q1 financial results, highlighting a bumpy period for the company. The suboptimal results were attributed to the macroeconomic headwinds. ATG’s net gaming revenue for the first three months of 2023 was SEK 1.19 billion (around $116 million). This figure represents a 5.9% year-on-year […]
Legal
April 28, 2023
Bet365’s Hillside Hit with $7.7M Penalty in Sweden
Spelinspektionen has issued a SEK65 million penalty to Hillside Sports and a SEK14 million penalty to Hillside Gaming, both operated by Bet365, with the total amount of the penalty amounting to $7.7 million at current exchange rates. Spelinspektionen Delivers New Penalties against Hillside The Swedish gambling regulator argued in a statement that the companies had […]
Industry
April 27, 2023
Push Gaming and Pariplay Secure B2B Licenses in Sweden
Push Gaming and Pariplay, two suppliers of gambling content, have received permission to offer their products in Sweden. The B2B companies have officially secured a license from the Spelinspektionen and are ready for the new market requirements. For reference, starting July 1, 2023, gambling suppliers in Sweden will be required to have a gaming software […]
Legal
April 27, 2023
Betfair Fined for Accepting Illegal Bets in Sweden
Betfair has gotten itself in trouble in Sweden where it has offered markets on events featuring young players. Because of that, the operator received a warning and was forced to pay a fee. The Spelinspektionen, Sweden’s gambling regulator, announced its decision today. It explained that Betfair, a sports betting operator, offered markets for the U21 […]
Business
April 26, 2023
Svenska Spel Reports Strong Q1 Results with Increased Net Gaming Revenue
Sweden’s Svenska Spel, the former state-owned gambling monopoly, has announced positive Q1 results for 2023, with a 2% increase in net gaming revenue compared to the same period last year. The company reported net gaming revenue of SEK1.98 billion ($191 million), up from SEK1.9 billion ($187.5 million) in 2022. Operating profit also increased by 3% […]
