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Industry
September 20, 2024
Social Democrats’ Lottery Accused of Targeting Seniors in Sweden
A lottery that helps raise funds for a political party in Sweden was recently accused of targeting the elderly with the use of forceful tactics to sell tickets. Aggressive Selling Tactics The peculiar case involved the Kombispel lottery, Sweden Social Democrats’ subscription-based lottery that generates proceeds for the political party. Earlier this month, the Swedish […]
Business
August 30, 2024
Svenska Spel Publishes Q2 Healthy Revenue Report
Svenska Spel a state-owned company in Sweden, has published its healthy revenue report for Q2 2024, detailing an increased share of revenue from low-risk consumers. The operator reiterated its commitment to responsible gambling, promising to minimize the money it takes from high-risk players. Svenska Spel’s Healthy Revenue Share Increased in Q2 In Q2 2024, Svenska […]
Industry
August 21, 2024
BOS Asks Sweden to Allow Private Casinos as Casino Cosmopol Closure Looms
The Swedish Trade Association for Online Gambling (BOS), a body representing 18 Swedish gambling companies, has weighed in on the proposed closure of the state-owned Casino Cosmopol in Stockholm. BOS Wants the Government to Greenlight Private Casinos The BOS supported the closure, agreeing with the government’s argument that governments should not operate casinos. However, since […]
Industry
July 5, 2024
Spelinspektionen Bans Small House BV for Targeting Sweden without License
The Swedish Gambling Authority (Spelinspektionen/SGA) announced that it has banned yet another operator over the unlawful provision of gambling to Swedish customers. As reported by the regulator, its action against Small House BV comes as a result of the company targeting the Swedish market. Small House BV operates the bcgame.top, which, the Spelinspektionen said, actively […]
Industry
July 2, 2024
Sweden Implements Gambling Tax Hike to the Industry’s Dismay
On July 1, Sweden has officially increased its gambling tax in spite of the industry’s claims that such a measure would be counterproductive. Originally introduced in 2019, the 18% tax on gambling profits has been replaced with a 22% tax, in line with Sweden’s ongoing reforms. As mentioned, the gambling industry isn’t thrilled about the […]
Industry
June 27, 2024
Spelinspektionen Issues Fine and Warning against Folkspel
Sweden’s gambling regulator, Spelinspektionen, constantly monitors the activity of licensed operators in the country, ensuring their compliance with the established regulatory framework. The gambling watchdog leverages a proactive approach and not only monitors the legal sector but also combats illegal gambling activities. Breaches of the established gambling regulations can be subject to a wide range […]
Industry
June 25, 2024
Kanon Gaming Receives $666K Fine from Spelinspektionen in Sweden
Across Europe, licensed gambling service providers are subject to a range of regulations. This includes strict rules related to duty of care, anti-money laundering and counter-terrorism financing, among other important regulations the operators need to comply with. In case of breaches, penalties such as fines and even license revocation are possible. A recent case related […]
Industry
June 21, 2024
Spelinspektionen Bans MRSL over Unlicensed Gambling
The Swedish Gaming Authority (Spelinspektionen) has issued yet another ban, this time against MRSL NV. The decision came after the authority understood that the company, through its MrSloty.com brand, targeted the Swedish market without possessing the necessary license. The Spelinspektionen investigated the matter and, after evaluating the available information, learned that MRSL’s gambling website contained […]
Industry
June 19, 2024
bet365’s Swedish Subsidiaries Have Fines Cut by Administrative Court
Leading global betting brand founded in 2000, bet365, had two of its Sweden-based subsidiaries fined a total of SEK79 million ($7.7 million) in 2023. Following their appeal, the Administrative Court of Linköping decided to reduce the total fine to SEK44 million ($4.2 million) despite opposition from the Swedish Gambling Authority (SGA). SGA Punished Hillside (Gaming) […]
Industry
June 19, 2024
Svenska Spel to Publish Healthy Revenues Report
Svenska Spel, Sweden’s state-owned operator, announced its intention to start reporting how “healthy” its revenues are. Mirroring Kindred’s Journey Towards Zero reports, the initiative will see the Swedish operator disclose what portion of its revenues come from low-risk customers. According to Svenska Spel’s announcement, the first report of this kind will be published at the […]
