Svenska Spel fined 100M SEK for Gambling Act violations
Swedish gambling operator fined for regulatory failures.Svenska Spel Sport & Casino AB, a gambling operator in Sweden, was warned and fined one hundred million SEK...
Svenska Spel urges Sweden to sign match-fixing convention
Svenska Spel has recently shared its insights on the Council of Europe’s latest match-fixing convention, stating that Sweden should join it.
Recently, a parliamentary seminar took place in the country that garnered the attention of 30 industry professionals. The list of its attendees included Svenska Spel’s Head of Sportsbook Integrity, Dan Korhonen, and Sweden’s Financial Markets Minister, Niklas Wykman.
As part of the summary of the conference, Svenska Spel has published its insights on the topic of match-fixing, which include a few recommendations for the country’s government, with the main one being the urge for it to sign the convention.
The state-owned company also recommended the government dedicate an expanded pool of data to be analyzed by the Spelinspektionen to counter match-fixing, as the regulator has recently gotten a bump in its budget to enhance its operations, along with giving the Swedish police more information on such crimes.
Korhonen stated that as various sports leagues and matches expand in popularity, match-fixing becomes an ever-more prevalent risk for the country’s betting industry. Wykman further emphasized the point, stating that the growing prevalence of match-fixing can pave the way for other criminal activities, such as money laundering, to take place more easily.
Svenska Spel reports steady revenue in 2023
Svenska Spel’s latest annual report covers the company’s performance throughout the past year.The first of the new report’s key figures was a net revenue of 8.03 billion...
