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Industry
December 6, 2024
Swedish Court Reduces Fine Against Videoslots
The Linköping administrative court in Sweden has significantly reduced a fine imposed on Videoslots by the country’s gambling regulator, Spelinspektionen. The penalty, initially set at SEK 9 million ($827,000) for anti-money laundering (AML) and terrorist financing violations, was slashed to SEK 4 million ($367,000) after an appeal by the online casino operator. However, Spelinspektionen’s warning […]
Industry
December 5, 2024
Swedish Trade Association Head Calls for the Sale of Svenska Spel
Gustaf Hoffstedt, head of the Swedish Trade Association for Online Gambling (BOS), has reignited the debate over the state ownership of Svenska Spel, Sweden’s state-owned gambling operator. According to Hoffstedt, the Swedish government should sell its stake in Svenska Spel, adding that state ownership in a competitive market destroys the government’s neutrality. Svenska Spel’s Government […]
Industry
November 19, 2024
BOS Introduces AML Checklist Amid Operators Fighting Challenges
The Swedish Trade Association for Online Gambling (Branschföreningen för Onlinespe, BOS) which represents gambling companies and game developers that target domestic consumers has launched a comprehensive anti-money laundering (AML) checklist to support industry compliance and combat money laundering risks. This initiative comes amid increasing frustration among operators, sparked by unclear guidance from the Swedish Gambling […]
Sports
November 8, 2024
Swedish Operators Call for Urgent Gambling Reforms
Sweden’s Gambling Industry Association (Sper) has called on Sweden’s government to ramp up efforts to overhaul gambling regulations following troubling new data indicating a decline in licensed market participation. ATG, one of Sweden’s major licensed gambling operators, estimates that market channelization may have fallen as low as 71% despite the government’s stated goal of 90%. […]
Industry
October 29, 2024
BOS Approves Sweden’s Signing of the Macolin Convention, Requests Amendments
The Swedish government proposed joining the Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention. The ratification of the convention, which is the only rule of international law on the manipulation of sports competitions, will align Sweden with dozens of countries opposing match-fixing. The Swedish Trade Association for Online Gambling (BOS) […]
Business
October 23, 2024
BetMGM Enters Third European Market with Swedish Launch
MGM Resorts subsidiary LeoVegas Group announced that it has launched its “international hero brand” BetMGM in Sweden, expanding its global footprint. The move aligns with the group’s ambition to scale the brand in Europe and usher in a “golden era” for the iGaming sector. A Golden Era for Swedish iGaming Sweden has become the third […]
Industry
October 22, 2024
Audit: Spelinspektionen Should Intensify Its Regulatory Efforts
A new report from the National Audit Office (NAO) suggests that the Spelinspektionen is falling short of properly regulating gaming in Sweden. Among other things, the report implied that the regulator isn’t conducting enough inspections. The Spelinspektionen Should Bolster Its Efforts Sweden introduced a licensing system in 2019, paving the way for a modern gaming […]
Industry
October 4, 2024
Sweden Mulls Possible Tax Reduction to Fight Scourge of Illegal Gambling
Swedish lawmaker Carl Nordblom has suggested that the country may indeed be forced to lower its gambling tax, giving operators more leeway to offer a competitive offer that should, in theory, enable licensed operators to combat the black market. Lawmaker Suggests Government to Renege on Gambling Tax This suggestion comes only a few months after […]
Industry
October 2, 2024
Spelinspektionen Says Channelization Rates Improve but Proving It Is Hard
Sweden is grappling with a low channelization rate, indicating that the regulated gambling market is struggling to retain players as offshore operators market aggressively and the industry is constrained by tight advertising rules. According to Spelinspektionen, the channelization rate in the country is improving, indicating that as many as 86% of all active players are […]
Industry
September 25, 2024
Spelinspektionen to Study the Black Market
The Spelinspektionen, Sweden’s gambling regulator, continues its fight to protect Swedish consumers from the harm caused by black market operators. To that end, the authority will now compile a new “situational study” of the situation that will help it in the future war on illegal gambling. The Regulator Aims to Protect the Public In its […]