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Industry
May 22, 2024
Spelinspektionen Bans WiseAvant OÜ over Unlicensed Betting
The Swedish Gaming Authority (Spelinspektionen) has banned WiseAvant OÜ, which provided games of chance to Swedish customers without possessing the necessary license. This is notably the sixth unlicensed operator the authority has banned this year. According to the Spelinspektionen, WiseAvant OÜ’s website organized lotteries with video game skins. Skins gambling is a controversial emerging vertical […]
Business
May 7, 2024
End of an Era: Sweden Considers Discontinuing Casino Cosmopol
The Swedish government has proposed the discontinuation of Svenska Spel’s land-based business, Casino Cosmopol. According to a memorandum published on May 7, the casino brand is no longer capable of fulfilling its purpose. The government cited Casino Cosmopol’s financial challenges as part of the reason for the proposal. Swedish lawmakers also noted that the closure […]
Industry
May 3, 2024
Sweden to Introduce New Anti-Match-Fixing Measures from July 1
Swedish lawmakers have unveiled new measures to reduce match-fixing and maintain the integrity of sports betting. Speaking at a joint press conference, the country’s financial markets minister, Niklas Wykman and Spelinspektionen’s director general, Camilla Rosenberg, said that the new measures would come into force on July 1, 2024. Under the current system, sports leagues, betting […]
Industry
April 26, 2024
Swedish Scratch Card Game Trisskrapet Draws Controversy
The Swedish Trade Association for Online Gambling (BOS) has backed the Swedish Consumer Agency’s (KV) and the Consumer Ombudsman’s (KO) evaluation regarding the daily scratch card commercial “Trisskrapet” featured on TV4. The consensus is that the segment should be recognized as advertising rather than an editorial feature, marking a significant development in the ongoing debate […]
Industry
April 26, 2024
ATG CEO Hints Sweden’s Government Is Open to Amend Tax Hike
Swedish gambling operator ATG’s chief executive officer, Hans Lord Skarplöth, has suggested the government might be willing to amend the gross gaming revenue tax hike proposal. Seminar for 20 Politicians In a blog post on the ATG platform online, CEO Skarplöth explained the unique betting company launched in 1974 has hosted a gambling-connected seminar for […]
Casino
April 3, 2024
Swedish Influencers Under Fire for Illicit Online Casino Advertising on Twitch
It has come to light that a significant number of Swedish influencers on the video platform Twitch have been endorsing unlicensed online casinos, sparking concerns about the promotion of illegal gambling activities. 8 in 10 Swedish Influencers Promote Unlicensed Casinos Following a thorough investigation conducted by Kulturnyheterna, the investigative arm of Sveriges Television AB (SVT), […]
Industry
April 2, 2024
BOS Weighs In on Sweden’s Anti-Match-Fixing Initiative
The Swedish Trade Association for Online Gambling (BOS), representing 18 prominent gambling companies in the Swedish market, has voiced its opinion on the Swedish government’s latest initiative to combat match-fixing. In a statement released today, BOS expressed its support for increased cooperation between gambling operators, sports associations, and law enforcement authorities to maintain the integrity […]
Industry
March 28, 2024
Sweden Bans Three Gambling Companies, Including Two Skins Betting Brands
Sweden’s gambling regulator, the Spelinspektionen, announced that it has taken action against three gambling operators. As announced, the authority has banned two companies that operated without a license and a company that, in addition to lacking the necessary license, actively promoted its content to Swedish audiences. According to the Spelinspektionen, two of the banned companies, […]
Industry
March 26, 2024
Spelinspektionen Fines Svenska Spel $9.5M for Failures
Svenska Spel Sport & Casino, which is the online branch of the state-owned Swedish gambling operator, has been fined SEK100 million ($9.5 million) for several failings related to player duty of care. Improper Player Safeguards, Says the Regulator The penalty fee resulted at the end of an investigation that took place between October and December […]
Industry
March 25, 2024
Yggdrasil Fined in Sweden for Providing Software to Unlicensed Operator
The Swedish Gaming Authority (SGA) has levied a SEK300,000 ($28,350) fine against Yggdrasil for supplying software to an online gambling operator that lacked a Swedish license, marking the first such penalty under the new B2B licensing requirements. This case serves as a warning to the broader industry, signaling that the SGA will not tolerate licensed […]
