Gustaf Hagman

Discover the latest updates in Swedish gambling legislation with expert insights from Maria McDonald, Partner at Nordic Gambling. Read the article at: https://lnkd.in/dvPvBR4U #gambling #gamblingre #gamblinglaw #gamblingindustry #gamblingnews

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Adventure Box Technologies AB (publ) Announces Strategic Acquisition of Lion Gaming Group Inc for SEK475 Million (USD 45 million) Paving the Way for Significant Expansion and Synergies in the iGaming Market Adventure Box Technologies AB (“Adventure Box”) has entered into a Letter of Intent (“LOI”) with Lion Gaming Group Inc. (“Lion”), a Canadian company specializing in gaming and betting services. Lion has a projected turnover of approximately SEK 350 million (USD 33 million) and an EBITDA of approximately SEK 180 million (USD 17 million) in 2024. This transaction marks the beginning of a significant expansion for Adventure Box in the iGaming market. A major new gaming company is emerging in Sweden, poised to make a substantial impact on the global iGaming market. This strategic move is set to create a robust and diversified portfolio, further strengthening Adventure Box’s position. It represents a significant step towards establishing Adventure Box as a leading player on the international stage. The letter of intent involves the acquisition of 100% of the shares in Lion Gaming Group Inc. for a purchase price of approximately SEK 475 million (USD 45 million), which will be paid with newly issued shares in Adventure Box at a share price of SEK 0.40 per share. The target is to finalize the acquisition in the second half of 2024.

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Denmark’s Online Gambling Boom With high participation across all demographics and favorable regulations, Denmark is set to be one of Europe’s top 10 online betting markets in 2024. This article covers the key gambling laws and market conditions for operators looking to enter. Discover the opportunities in Denmark's iGaming market! > https://lnkd.in/d_ACNhUH #iGaming #DenmarkMarket #OnlineGambling #BettingRegulations #GamingIndustry #DenmarkBetting #ExpandYourBusiness

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Svenska Spel has decided to start reporting on the health of the group’s revenues, that is, what proportion of the revenues comes from customers with a lower risk of gambling problems. Svenska Spel’s reporting is based on the risk models in the company’s gambling analytics tool, Playscan, which have been developed in collaboration with Sustainable Interaction. – Reporting healthy (and unhealthy) revenues is an important step for the industry to become more transparent. We will see a great diversity in the figures presented by different companies due to the fact that they define and measure healthy revenues in different ways. Nevertheless, it adds information to the debate around regulation, says Jakob Jonsson, PhD and clinical psychologist at Sustainable Interaction. The first report will be released at the end of August. Read more here: https://lnkd.in/dzhgRFRE

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Finland proposes gambling licensing system launch in January 2027 https://lnkd.in/dpeWhTwB (Finland).- Under the proposed system, state-owned operator Veikkaus would retain its monopoly over lotteries, land-based casino games and physical slot machines, as well as totalisator and pool betting. Meanwhile, private licensed operators would be permitted to offer sports betting and iGaming under a 22% GGR tax rate, while B2B licences would also be available for software suppliers.

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Sweden’s gambling market saw total gross gaming revenue (GGR) reach SEK6.89bn (£507.5m/€601.6m/$664.0m) in Q2, a 2.8% increase compared to the same period last year. The latest figures from the Swedish regulator, Spelinspektionen, show the market continuing its upward trend, surpassing the SEK6.71bn recorded in Q2 2023 and representing a 3.3% growth from Q1 of this year. Online Gambling Leads the Charge
Commercial online gambling, including contributions from Svenska Spel, remains the dominant driver of revenue. In Q2, online gaming revenue reached SEK4.57bn, reflecting a 9.2% year-on-year growth. This further underscores the shift towards digital gambling as Swedish players continue to favor online platforms over traditional gambling methods. Image License: Unsplash; Free to use; Author: Meja Nystrom  💻Read the Full Article at iGaming.pub #iGamingNews #GamblingNews #SportsBetting #eSports #CasinoNews #technology #business #Affiliate #OnlineCasino #Betting

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There was DKK 595 million ($86.4 million) in gross gaming revenue (GGR) from betting, online casinos, land-based casinos, and gaming machines combined. Read more: https://lnkd.in/gd8dBN2x #denmark #igaming #gambling #gaming #machine #betting #casino #revenue #popular #roulette #online #casinonews #trending

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Ready to hit the jackpot with Norwegian players? Our top-notch team of Norwegian content writers is here to ensure your iGaming platform speaks their language - literally! Our team of expert Norwegian content writers is here to help you seamlessly integrate Norwegian language into all your iGaming platforms. We’ve got the winning formula to make your casino site stand out. Let's transform your platform into a Norwegian gaming paradise! Reach out to us today to discuss how we can elevate your site’s accessibility and appeal. Let's make your casino experience as inviting as possible for Norwegian players!🎲🎉 #iGaming #CasinoSuccess #NorwegianLocalization #PlayerExperience #Casino #Localization #NorwegianContent #PlayerEngagement

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Regulatory Update in Finland: Potential Acceleration of Gambling Reforms A new regulatory development has emerged this week in Finland. Initially slated for 2027, the Gambling Regulation intended to oversee horseracing betting may be implemented earlier than expected. While no definitive timeline has been provided, discussions are progressing, and the proposal now requires cross-party approval before being submitted to the European Commission. Industry operators have already expressed concerns regarding the advertising and marketing of this potential new product. However, these apprehensions may be premature, as it remains unclear whether horseracing betting will be run as a state monopoly or opened to private sector participation. From a business perspective, operating horseracing betting as a state monopoly could significantly limit its growth potential, as seen with PMU in France. Horseracing betting in France experienced a modest recovery in 2023, growing by 1.9% after a 7.7% decline in 2022. Our clients never miss regulatory whispers and market insights thanks to our Notice. https://lnkd.in/eHCQ-X8Y

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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. The BOS supported the closure, agreeing with the government’s argument that governments should not operate casinos. However, since Casino Cosmopol is the last land-based property in Sweden, closing it would effectively end traditional casino gaming in the country. Because of that, the BOS expressed its belief that the government should greenlight private land-based casinos in the country. For context, Sweden currently prohibits such properties, only allowing the state-owned Casino Cosmopol to serve as a monopoly. Read the full story ➡ https://lnkd.in/dqb8-GgT #sweden #gambling #gamblingnews #regulation #casino

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🇸🇪 Did you know? Sweden is a dynamic, regulated European iGaming market where we've established a significant presence! Our expertise in navigating regulatory requirements ensures that our platform is perfectly tailored to meet and exceed the unique demands of the Swedish market. Thinking about launching or expanding in Sweden? Our platform provides the comprehensive support necessary to thrive in this regulated environment.💙 Facing challenges with your current setup? Transitioning is our specialty. We're ready to help you seamlessly migrate to our platform, minimizing downtime and ensuring uninterrupted operations. 📈 Considering a strategic move? Reach out to discover how we can boost your iGaming business in Sweden. 🇸🇪 #Sweden #iGaming #Compliance #Migration #PlatformSolution

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Kindred Group’s CEO, Nils Andén, is currently attending Almedalen Week, an annual political summit in Sweden. He participated in the panel by Svenska Spel titled ‘Transparency in the Gambling Industry – Who is the Money Coming From?’ alongside Anna Johnson, CEO at Svenska Spel and Daniela Johansson, Deputy CEO at Paf - Games Sport Casino. Together, they discussed the importance of disclosing revenue from harmful gambling and the need to increase transparency in the industry. According to Nils, “It’s great that more operators are now following Kindred’s example and disclosing this data, which will contribute to a discussion about safer gambling based on facts.” He added, “There is a lot of data held by operators, and this data is often shared with researchers and authorities to help provide more knowledge and know-how about high-risk gambling.” Nils encourages more operators to become more transparent and to follow the examples set by Kindred with Journey Towards Zero, launched in 2021, and also by Svenska Spel, which will start reporting their revenue from safe gambling starting in Q2. The panel fostered a good conversation and demonstrated that there is great alignment and common views within the industry in Sweden. #kindredgroup #safegambling #gamblingindustry

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Continued online casino growth offset august land-based declines in Denmark 📈 Growth was driven by a 20.8% year-on-year increase in online casino revenue to DKK299m 🔽 However, betting sports betting dropped 14% to DKK147m ❌ ROFUS self-exclusion sign ups were up 12.4% from the same point last year

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Location: Norway Who: GR8 Tech Team Event: Strategic session Goal: Company values The combination of work and incredibly powerful emotions in such a location leads to a cool result. PS. My emotions are in the photo 😎 #GR8Tech #igamingplatform #bettingprovider #iGamingSoftware

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Innovative trends to shape the future of gaming industry in Finland for the year 2027. Big news! Online betting and gaming monopoly by Veikkaus will be eradicated in Finland by the year 2027. The was also going to be a system of clear division and the corporation may be broken into pieces, which may be sold similar to what Sweden did. 🎰 Lotteries, toto games, slot machines in gambling premises, and scratchcards will stay the monopoly product of Veikkaus who is to pay an annual royalty for this privilege. If you have not submitted your views on the new laws drafted by the government, let your voices be heard before August 18. 💯 Need some guidance on how to handle these changes? Allow us to assist your business in saving that precious time and that much needed money. 💼💰

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Denmark's gaming and gambling culture continues to flourish, marked by innovative new games, exciting events, and a strong commitment to responsible play. With a rich gaming history, Danish players embrace the latest trends while benefiting from robust regulatory protection ensuring a safe gaming environment. 'This season, several gaming companies will launch exciting new titles promising to enhance the gaming experience for Danish players. From immersive online slots to engaging live dealer games, players can look forward to groundbreaking graphics and innovative gameplay. Casino Copenhagen is gearing up for its annual 'Danish Poker Championship', where players from across the country will compete for cash prizes and the coveted championship title. The event, taking place November 15-17, will attract both seasoned professionals and enthusiastic amateurs. Denmark is proud of its strong legal frameworks ensuring gaming activities are conducted fairly and responsibly. Danish law requires operators to provide clear information on gaming risks, enabling players to make informed choices. Initiatives promoting responsible gaming are paramount in Denmark's gaming landscape. Players are encouraged to set limits on their consumption, and many operators offer self-exclusion options to aid those needing a break from gaming. ROFUS, Denmark's online gaming register, is a crucial initiative established to promote responsible gaming nationwide. Administered by the Danish Gambling Authority, ROFUS allows players to voluntarily exclude themselves from online gaming, fostering a culture of responsible play and strengthening industry integrity. Danish players enjoy a unique blend of social gaming experiences, both online and at physical casinos. The camaraderie among players is a hallmark of Denmark's gaming culture, where sharing strategies and celebrating wins create a welcoming environment. As the industry evolves, Denmark remains committed to promoting a safe and enjoyable gaming atmosphere. With new games, exciting events, and responsible regulations in place, the future of gaming and gambling in Denmark looks brighter than ever.' #denmarkgaming #responsiblegaming #casinoinnovations @casinocopenhagen @rofus @spiludenomrofus @danishpokerchampionship

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