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Legal
September 23, 2021
Spelinspektionen: Generally Positive about Stricter Rules for Gambling Ads
The Ministry of Finance in Sweden introduced a proposal for stricter regulation of gambling ads earlier this year. Now, the Swedish gambling regulator unveiled that it is generally positive about stricter rules for advertising gambling products. Currently, similar special regulations are in place for advertisements for alcohol in the country. Swedish Regulator Is Generally Positive […]
Industry
September 20, 2021
Swedish Gambling Watchdog Suspends Fair Play Bets’ and Vivaro’s Licenses
The gambling regulator in Sweden, Spelinspektionen, announced that it revoked Fair Play Bets and Vivaro’s online gambling licenses. The watchdog supported its decision by saying that the two operators did not record any turnover for the first 12 months of having a license. Spelinspektionen Revokes the Licenses of Two Operators Spelinspektionen, the Swedish gambling regulator, […]
Business
September 17, 2021
Betsson CEO Lindwall Steps Down, Executive Search Underway
Swedish gambling group Betsson AB announced today it is on the market for a new chief executive officer to replace CEO Pontus Lindwall, who will be stepping down from the role at the end of the year. Mission Completed The new executive search was authorized by the Board of Directors at Betsson Group following an […]
Business
September 16, 2021
Evoke Gaming Ordered to Confirm Residence of Some Players
William Hill’s Swedish troubles seem to have no end after another of the group’s subsidiaries is challenged to provide evidence of following compliance measures. Proof of Residence Procedure Evoke Gaming, part of William Hill’s Mr. Green subsidiary, was slapped last month with a SEK31.5 million ($3.62 million) fine by the Swedish Gaming Authority (Spelinspektionen) for […]
Business
September 13, 2021
Catena Media Board to Execute on Share Buyback Mandate
Catena Media, an online lead generation company focusing on the iGaming market, announced today its Board of Directors resolved to exercise the company’s mandate to buy back the company’s ordinary shares. Execute on Authorization The announcement follows the authorization Catena Media’s Board of Directors was granted at an extraordinary general meeting (EGM) of its shareholders, […]
Industry
September 2, 2021
Sweden: Online Gambling Drove Q2 2021 Industry Growth
Online gambling in Sweden fueled second quarter double-digit growth in the country, which has its land-based gaming facilities almost completely taken off the country’s gambling map. Growth Driven by Online Gambling The Swedish gambling market registered for the three months ended June 30, 2021 SEK6.5 billion ($780 million) in revenue, up 4.7% on the SEK6.2 […]
Esports
August 31, 2021
Abios Esports Widgets Boost for LeoVegas’ Esports Offering
Swedish online gambling operator LeoVegas entered into an agreement with Abios to utilize its esports widgets and boost fan engagement. Engaging Content and Useful Statistics The arrangement between LeoVegas and distributor of esports data Abios allows for the Abios Esports Widgets implementation across all digital channels of the online gambling firm to enhance its product […]
Casino
August 25, 2021
Mr. Green Fined $3.62M in Sweden over KYC/AML
An investigation into Mr. Green’s operations in Sweden has resulted in a $3.62 million fine awarded to the casino and recommendations for improving current KYC and AML practices. Mr. Green Faces Some Challenges with Sweden’s Regulator Casino brand Mr. Green has been fined SEK31.5 million ($3.62 million) by the Swedish Gaming Authority (Spelinspektionen) for allegedly […]
Business
August 3, 2021
Paf Adds two Swedish Licensees to Portfolio
The Swedish-licensed gaming companies Speedy Ltd and Speedy Originals, previously owned by Hero Gaming, are now part of Paf’s portfolio. Paf Becomes One of Sweden’s Top Six Gaming Companies Åland Islands-based gaming company Paf has bought the Swedish licensed gaming companies Speedy Ltd and Speedy Originals from Hero Gaming. Thus, Paf is adding the gaming sites Speedy Casino, Speedybet, and Speedyspel to its portfolio. The deal is aimed at positioning the gaming operator […]
Esports
July 21, 2021
PGL May Consider Relocating Stockholm CS:GO Major
PGL is looking into the possibility of moving the CS:GO Major in October to another location in case Sweden issues more restrictive guidelines on handling the pandemic. PGL in Talks to Change Stockholm Major Location The PGL Stockholm CS:GO Major, a Valve-sponsored event for the popular first-person shooter, is facing uncertainty as the Swedish government […]