Legal
February 23, 2022
Trustly, ClearOn Receive Fines from the Swedish Financial Authority
The Financial Supervisory Authority in Sweden announced that it imposed fines against Trustly over anti-money laundering breaches. Upon investigating, the Authority found that ClearOn had deficiencies related to money laundering and imposed an administrative fine. Trustly Receives a Fine and a Warning in Sweden Finansinspektionen, the Financial Supervisory Authority in Sweden announced on Tuesday that […]
Industry
February 9, 2022
Svenska Spel to Pay $318m Dividend to the Government
Swedish lottery and gambling operator Svenska Spel released its full-year 2021 financial report marking an above expectation performance with a SEK2.9 billion ($318 million) dividend payment to the government. Solid FY2021 Results The state monopoly on lottery and gambling Svenska Spel announced it would pay back to the government the multi-billion dividend to celebrate a […]
Industry
February 7, 2022
SGA Launches a Campaign to Promote Licensed Gambling
The Swedish Gambling Authority (Spelinspektionen) continues its crusade against the unlicensed gambling operators in the country by urging the local bettors to choose their licensed counterparts. Games Need Rules: SGA’s Latest Campaign The authority’s new campaign is called “Spel behöver regler” or “Games need rules.” True to its name, the initiative strives to remind people […]
Industry
February 1, 2022
Spelinspektionen Looks into Betway Over License Condition Shortcomings
The gambling regulator of Sweden, Spelinspektionen, has reprimanded Betway as the operator has failed to meet certain license obligations. According to Spelinspektionen, Betway has negative equity, which puts operations at risk due to what is described as “unstable” finances. Betway Claims That Its Operations Are Stable This is not the first time that Betway has […]
Industry
January 28, 2022
Sweden Rejects Return of Gaming Spending Cap, But New Regs Coming
The Swedish government announced earlier this month that it was considering bringing back several temporary measures to the gambling industry. Among these was a deposit limit, which was in place in 2020 and 2021 during the COVID-19 pandemic. However, the government opted to scrap the plan. Players and operators are thrilled with the decision. Sweden […]
Industry
January 27, 2022
The Number of Swedish Gamblers Increases in 2021, Says Study
Spelinspektionen, Sweden’s gambling regulator, unveiled details regarding an annual survey outlining the gambling habits of the Swedes. Surprisingly, the survey found the percentage of Swedes that have gambled in 2021 increased by 7%. More Swedes Turn To Gambling in 2021 The study was conducted at the end of November 2021, but the results were released […]
Sports
January 26, 2022
Svenska Spel and Svensk Fotboll Extend Partnership Until 2028
Good news for the Swedish state-owned gambling company Svenska Spel as it has extended its agreement with the Swedish soccer association, Svensk Fotboll, for seven more years. The new deal will see the two parties collaborate on various activations. Svenska Spel and Svensk Fotboll Renew Partnership The relationship between Sweden’s national lottery operator and the soccer association began […]
Business
January 25, 2022
Kindred Group Named Leading Employer in Sweden
According to a ranking compilated by the Career Companies Sweden AB, Kindred Group has been named one of Sweden’s top employers. Candidates shortlisted on this list undergo a thorough review by a panel of qualified jury members. Career Opportunities, Diversity and Growth As a result, Kindred Group is considered to be one of the best […]
Industry
January 20, 2022
Kindred Group Disapproves Sweden’s New Proposed Gambling Restrictions
Kindred Group has responded to the Swedish government’s proposal to reintroduce liability measures by saying that these types of temporary restrictions will have a detrimental effect on consumers. Instead of protecting consumers and improving safeguards, Kindred thinks that the measures will undermine the current progress achieved. The Measures Were Proposed on January 4 The Ministry […]
Business
January 19, 2022
Spelinspektionen Hits Operator For Not Following the Rules
As Sweden prepares to tighten its grip on the online gaming segment, an operator is being called out for not playing by the rules. The Swedish Bingo Association (SBA) has been reprimanded by Spelinspektionen, Sweden’s gaming regulator, for inadvertently violating responsible gambling laws. Swedish Gaming Operator Gets Warning, Avoids Fine Spelinspektionen claims that the logos […]