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Legal
June 15, 2021
Sweden Publishes a Memorandum on Stricter Gambling Advertising
A new proposal in Sweden calls for stricter rules for gambling advertising. The proposal calls for special moderation in gambling ads similar to the moderation used for alcohol advertising. With this move, the country aims to reduce gambling addiction which presents a serious public health problem. Will Sweden Introduce Stricter Rules for Gambling Advertising? The […]
Legal
June 4, 2021
Court of Appeals Ruling Reduced Sanctions for Genesis and Aspire
Penalties dished to Genesis Global and Aspire Global by Swedish gambling regulator Spelinspektionen for failing to comply with self-exclusion requirements were reduced by Sweden’s Court of Appeals. Self-Exclusion Failings Can Be Costly The Swedish gambling regulatory body sanctioned Genesis Global in March 2019 and Aspire Global in April the same year, SEK4 million ($480,000) and […]
Business
April 29, 2021
Royal Panda Migration to LeoVegas’ Platform Is Now Complete
Royal Panda’s migration to LeoVegas’ technical platform was completed today. Consequently, the company will benefit from an enhanced gaming experience and a significantly faster mobile solution. Royal Panda Completed Its Migration to LeoVegas’ Platform One of the biggest online gaming operators, Royal Panda, announced today that it completed its migration to LeoVegas’ technical platform. Royal […]
Legal
April 27, 2021
Spelinspektionen Issued SEK2M Fines to LeoVegas and ATG
Swedish gambling watchdog Spelinspektionen announced today hefty sanctions to two gaming operators in the country, LeoVegas and horse racing firm ATG, for violations of the Money Laundering Act and the Gaming Act. LeoVegas Spelinspektionen noted that gambling companies must counteract any possibility for using their business as a money-laundering tool or source of terrorism financing, […]
Sports
March 30, 2021
Sportradar Partners with Swedish Football Association to Fight Match-Fixing
Sportradar Integrity Services, the world’s biggest provider of sports integrity solutions, has signed an agreement with the Swedish Football Association (SvFF) to track and safeguard its domestic football competitions’ integrity. Sportradar to Help Svff Monitor Its Competitions During the 2021 season, Sportradar will use its market-leading bet tracking solution, the Fraud Detection System, to screen over 2,000 matches […]
Legal
March 25, 2021
Bet365 Operator Hillside Sports Fined by Swedish Gambling Authority
The Swedish Gambling Authority has fined Bet365 operator Hillside Sports after the company offered wagering on a match in which most players were underage. Hillside Receives Warning and Penalty From Gambling Authority The Swedish Gambling Authority has issued a warning and a KR 1 million ($ 116,000) fine to local Bet365 operator Hillside Sports. The […]
Sports
March 24, 2021
Svenska Spel Sees Qatar FIFA World Cup as Opportunity for Change
Swedish lottery and gambling operator Svenska Spel issued a statement to defend its decision to continue to sponsor the national football team of Sweden ahead of the launch of the first round of qualifying games for the FIFA World Cup 2022 in Qatar. Sponsorship Commitment Confirmed The statement written by sustainability manager Kajsa Nylander at […]
Legal
March 19, 2021
Spelinspektionen Orders Bayton to Improve KYC Procedures
A gaming company holding an online license in Sweden was instructed by the regulatory body to beef up its Know-Your-Customer (KYC) procedures to ensure effective customer identification. Proof of Address Issues Bayton Limited, a Malta-based gaming operator, running Jackpot City Casino, Ruby Fortune and Spin Casino brands, was found by Spelinspektionen, the gaming regulator in […]
Legal
March 17, 2021
Court Dismisses Claims Betsson Profited from Gambling Addiction
Sweden’s gambling industry received a boost from the Patent and Market Court which sided with Betsson and ruled against claims for compensation for allegedly exploiting gambling addiction. Seeking Compensation for Losses and Damages An unnamed customer at BML Group, a Betsson subsidiary, filed a lawsuit against the operator claiming he had deposited between 2009 and […]
Business
March 15, 2021
LeoVegas Buys Expekt from Betclic Group for €5 million
LeoVegas has acquired Expekt Nordics from BetClic Group for €5 million, as part of its strategy to expand in Sweden and Scandinavia. Scandinavian Sports Betting Expansion Strategy iGaming operator LeoVegas has purchased the Expekt sports betting brand from Betclic Group for a total of €5 million, becoming the sole owner of the Maltese company’s assets […]