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Industry
November 1, 2023
Spelinspektionen Reports Progress of Anti-Black Market Collaboration with Finansinspektionen
The Spelinspektionen, Sweden’s gambling regulator, has published a partial report on the ongoing review of how collaboration with the Finansinspektionen can strengthen the efforts against illegal gambling. The country remains bullish on protecting local players from harm and combating gambling-related fraud. The report outlines the results of the ongoing cooperation between the Spelinspektionen and the […]
Legal
October 16, 2023
BOS Agrees with Proposed Tighter Credit Rules in Sweden
BOS, the Swedish Trade Association for Online Gambling, an organization that represents 20 licensed gambling operators in Sweden, showed support for a proposal that seeks to reduce over-indebtedness and risky lending, effectively protecting the customers in the country. The proposal, submitted by the Ministry of Justice, called for the implementation of a debt register and […]
Business
October 13, 2023
Hofbauer Departs Svenska Spel, Set to Join Telia as CEO in 2024
Swedish state-owned gambling company Svenska Spel announced that it will be parting ways with Patrik Hofbauer, who is set to explore new opportunities. Hofbauer, currently serving as the operator’s president and chief executive, believes that the gambling company is in a good position to continue without him. The outgoing CEO joined Svenska Spel back in […]
Business
October 3, 2023
Svenska Spel Selects Kambi as Sportsbook Technology Provider
The leading supplier of sports betting technology, Kambi Group, announced it inked a new important partnership in Sweden. The company said Tuesday it signed an exclusive long-term agreement with the leading Swedish operator, Svenska Spel Sport and Casino. Under the terms of the new collaboration, Kambi agreed to power the operator’s retail and online sportsbook. […]
Business
September 28, 2023
Kambi Group Inks Partnership Extension with ATG
Kambi Group has extended its partnership with AB Trav och Galopp (ATG), a Swedish horse racing and sports betting company. Under the agreement, the former party will continue to supply its Swedish client with cutting-edge solutions. The two parties originally joined forces in 2018, allowing Kambi to roll out its products in Sweden. The partnership […]
Industry
September 27, 2023
Spelinspektionen Responds Positively to Proposed Money Laundering Act Changes
Sweden’s gambling regulator, the Spelinspektionen, has responded positively to recently proposed changes to the Money Laundering Act that would adjust penalty fees for AML violations. However, the authority proposed a different approach for fines that are less serious and unsystematic. Under the proposed adjustments, the Spelinspektionen must adjust penalty fines for operators that violate the […]
Industry
September 21, 2023
Sweden Unveils Plans to Increase Gambling Tax
In 2019, Sweden reregulated its online gambling market, granting licenses to operators and enabling them to offer their services legally to customers in the country. At the time, a tax rate of 18% on gross gaming revenue (GGR) was applied, one that is relatively high when compared to other European countries. Yet, a new proposal […]
Sports
September 15, 2023
Play’n GO to Continue Serving as Växjö Lakers’ Title Sponsor
Play’n GO, a Swedish-based casino entertainment provider, has unveiled a continuation of its partnership with the Växjö Lakers, a Swedish professional ice hockey club from Växjö. The casino provider has been serving as the title sponsor of the team for over a decade now. Because of its Växjö roots, Play’n GO is firmly committed to […]
Industry
September 14, 2023
Sweden Proposes Allocating More Money to Spelinspektionen Starting 2024
Sweden’s government has proposed an increase in the money allocated to the Spelinspektionen and Finansinspektionen for 2024. As the country seeks to strengthen the supervision of the gambling market, it proposed to allocate SEK 10.8 million (around $970,000) to the gambling authority’s 2024 budget. The government plans to further support the Spelinspektionen, providing it with […]
Industry
September 11, 2023
Sweden’s BOS Comments on Proposed Money Laundering Act Changes
The Swedish Trade Association for Online Gambling (BOS) has addressed the recently proposed changes to the Money Laundering Act. Put forward by the Ministry of Finance, the memorandum with proposals seeks to increase the penalty fee for certain violations. The BOS, which represents around 20 licensed gambling companies in Sweden, expressed its delight to have […]
