Industry News
Sweden receives 22 applications new gambling license
On the first day of submitting applications for new gambling licenses in Sweden, 22 companies applied. Popular companies in the country Svenska Spel, Global Gaming and Betsson are among those in the fray.
Lotteriinspektionen, the country’s gambling regulator, received more than 1500 documents, as the companies queued up to get a pie of the country’s gambling market, which is scheduled to be opened up in January 2019.
It is expected that 70 companies will submit their applications to get the new license, which will see the end of monopoly for the state-owned Svenska Spel.
Under the terms of the Gambling Act, from January 1, gambling subject to licensing will be taxed at 18 per cent, while there will be “strict requirements for moderation in marketing gambling.”
Betsson chief executive Pontus Lindwall said that filing his company’s application fulfilled an ambition held since he began working in the industry in 1992.
“Sweden is our home turf,” he said in a blog. “We’re a Swedish top company within the industry, and we’ve been in this market for a very long time. I think it’s great that it opens up for regulation and for license applications.”
“We’ve been operating on this market for a long time and now we will get better possibilities for marketing, sponsorships, and PR that’s good. But in most of our operations I think we will be operating as before but under the new regulation.”
Svenska Spel, Casino Cosmopol, which owns four casinos in Sweden, and horseracing betting monopoly AB Trav and Galopp, also submitted applications on the opening day. ElectraWorks, which operates Bwin, and German-facing Interwetten also applied.
Some of the other operators looking to launch include NoAccountCasino.com owner Mandalorian Technologies Limited, crypto casino operator CashBet, and Gaming Innovation Group-owned subsidiaries MT SecureTrade Limited and Zecure Gaming, both linked to online casino Rizk.
Lotteriinspektionen recently urged applicants to submit their documents as early as possible to be sure of being licensed before January. It said licences will only be awarded to those with “the knowledge, experience and organisation required to operate the business [and] who can be assumed to operate the business in accordance with laws and regulations applicable to the business, and who are otherwise considered to be suitable to operate the business.”
Svenska Spel recently told iGamingBusiness.com that it has already begun to prepare a series of enhancements to content and technology as it anticipates facing “fierce competition” from January.
Source: iGamingBusiness.com
Industry News
Nadine Dereza Returns to Chair the ICE World Gaming Forum
Award-winning former Financial Times journalist and business broadcaster Nadine Dereza has been confirmed to chair January’s World Gaming Forum, the three-day learning, networking and knowledge sharing exchange which replaces ICE VOX.
In a career that’s seen her interview global politicians including the late Kofi Annan, Condoleezza Rice, Ban Ki-moon, Anders Fogh Rasmussen and Gerhard Schröder, Nadine will once again be applying her journalist skill set to Clarion Gaming’s sector-leading World Regulatory Briefing, Casino & Leaders Conference (formerly the ICC), and the Esports & Games Conference (formerly the Esports Betting Conference), having previously presented the final edition of ICE VOX in London.
The ICE World Gaming Forum will run Monday 20th – Wednesday 22nd January 2025 alongside the ICE and iGB Affiliate exhibitions which will be hosted for the first time at the Fira Gran Via Barcelona, one of Europe’s biggest and best-appointed venues and home to prestigious Tier 1 events including Smart City Expo, IOT World Congress, Mobile World Congress, IBTM World and Integrated Systems Europe.
Clarion Gaming’s Senior Conference Producer Damien Ashton-Wellman said: “We are delighted to have Nadine back on the team for delivering the first edition of the World Gaming Forum. Nadine was central to the success of the 2024 ICE conferences which featured over 1,210 senior decision makers from 79 countries, including 621 operator C-Level, 87 global CEOs, 72 national and regional regulatory bodies, and 7 government ministers. Her unique blend of financial, political, and technology sector experience, and her broadcast ready presentation skills really delivered an elevated experience for the show.”
He added: “We are confident that our new world class venue and host city partnership will provide a platform for further growth with the ICE World Gaming Forum delivering exclusive connections, in-depth content, and tailored networking events.”
Nadine Dereza said: “I’m delighted to have been invited back to help launch the World Gaming Forum in what is a favourite European city of mine. The gambling industry is a highly innovative sector for entrepreneurs, policy makers and campaigners alike. ICE reflects this dynamic on a global scale and I’m looking forward to hosting insightful debates, regulatory updates and plenty of knowledge sharing. I’ve described ICE as being the ‘Davos of Gaming’ because it’s the largest gathering of leaders from across the global gaming ecosystem. Having previously hosted the IBTM Leadership Summit for several consecutive years and many international shows in Barcelona, the welcome and event services offered by the city and Fira venue are among the best I’ve worked with, and those attending ICE in January will see that experience too”
The World Gaming Forum will be situated at the heart of the Fira Gran Via Barcelona and feature an exclusive club-style VIP lounge for delegates and speakers, a dedicated networking garden, and provide access to a range of concierge services, including early access to the show each day.
Industry News
BetConstruct Nominated at SiGMA Europe B2B Awards
BetConstruct has been nominated for two categories at the SiGMA Europe B2B Awards that is set to take place in Valletta, Malta on November 11.
BetConstruct’s full-fledged platform was nominated for the Best Platform Provider category, while the novel loyalty system The Last Battle received a nomination for the Unique Selling Point category.
“Our platform and The Last Battle are testaments to BetConstruct’s commitment to pushing the envelope in innovation, and we are excited to be nominated for both categories. The Last Battle in particular is unique, as it can be easily paired with our casino and sports betting products. It helps partners enhance player engagement on their platforms by putting players into different segments, each with their own unique and customisable rewards that are triggered when players earn points and level up,” the company said.
The Awards take place on the 11th of November during the SiGMA Europe 2024 event.
Industry News
Kindred Group Announces Third Quarter Revenue as Part of Tender Offer by La Française des Jeux
Kindred Group plc (Kindred) announced third quarter total revenue figures (unaudited) as part of FDJ’s public tender offer to acquire the entire outstanding share capital of Kindred.
During the third quarter of 2024, Kindred saw continued solid growth across its diversified market footprint with total revenue (B2C and B2B) reaching GBP 294.5 million. The Gross winnings revenue for the third quarter amounted to GBP 283.1 million and the share of Gross winnings revenue from locally regulated markets amounted to 83%.
Kindred’s estimated revenue and share of locally regulated revenue for the third quarter 2024 are in line with expectations and the Group remains on track towards its communicated full-year EBITDA guidance. Kindred will report final figures for the third quarter 2024 in its interim report on 25 October 2024.
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