Turnover slumps at Swedish casinos following regulation changes

Article by - - filed under Business, Online Casinos, Online Gambling.

sweden flag and casino icons Sweden’s once buoyant online gambling market has been hit my new regulation

A review of turnover at Sweden’s online casino market has revealed a major downturn in fortunes for licensed operators. In particular, new restrictions around deposit limits imposed by the government in July, are hitting gambling firms the hardest. Swedish law makers introduced a new maximum deposit limit of SEK5,000 (equivalent to $554, €470 or £427)… Read more »

William Hill handed 6.2m GBP fine for money laundering failures

Article by - - filed under Business.

william hill shop front

UK bookmaker and online gambling operator William Hill has been fined £6.2m (€7m or $8.6m) by the UK Gambling Commission for falling short on money laundering checks and not meeting social responsibility regulations. An investigation by The Commission found that 10 customers of William Hill were able to deposit large sums of money that were… Read more »

Novomatic completes on Ainsworth takeover

Article by - - filed under Ainsworth, Business, Novomatic.

ainsworth stand at gaming show

European gambling group Novomatic has announced the completion of the takeover of Australian slots company Ainsworth, following months of regulatory processing. The deal continues the gambling industry consolidation, which has seen online operator GVC snap up UK bookmaker Ladbrokes Coral and developer BluePrint Gaming buy out Games Warehouse in the past month. Several governing bodies,… Read more »

Ladbrokes Coral agree to 4bn GBP takeover by GVC

Article by - - filed under Business.

ladbrokes shop signage

Bookmaker Ladbrokes Coral is set to be taken over by online rival and Party Poker owner GVC in a deal worth up to £4bn ($5.4bn or €4.5bn). Earlier in December both parties said their were in ‘detailed discussions’ about a possible takeover which suggested a cash and shares arrangement. GVC, who are better known for… Read more »