Hacksaw Gaming (Hacksaw AB) shares fell sharply on October 12 after the Swedish gaming supplier reported slower revenue growth in its preliminary third-quarter 2026 update. The company cited softer market conditions and weaker game performance compared with recent reporting periods. Shares fell 27.24% to SEK59.40 in Stockholm following the announcement. The projected revenue increase was also below the approximately 30% annual growth target mentioned in coverage of the company’s performance. Hacksaw Gaming said its long-term financial targets remain unchanged despite […]

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Sweden’s gambling regulator has suspended Charm Entertainment’s casino license after an investigation into accounting issues and compliance concerns. Sweden’s gambling regulator has ordered Charm Entertainment AB to stop all licensed casino operations after issuing a temporary revocation of the company’s land-based gaming license. The decision follows a regulatory investigation that examined the operator’s compliance with gambling legislation as well as financial reporting and bookkeeping requirements. The suspension (pdf) was issued by the Swedish Gambling Authority, Spelinspektionen, on October 1, 2026. […]

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Gaming companies holding a Swedish licence recorded total turnover of SEK 7.4 billion during the second quarter of 2026, representing a 5.1% increase compared with the same period a year earlier. The preliminary figures from the Swedish Gambling Authority, Spelinspektionen, show that commercial online gaming and betting remained the largest contributor to the market, generating just under SEK 5 billion in turnover between April and June. Turnover is calculated as players’ stakes minus winnings paid out. The authority noted that the reported […]

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Evolution’s board has recommended that shareholders reject Candle Lake Limited’s SEK695-per-share mandatory cash offer, saying the proposal does not adequately reflect the company’s value. The bid values Evolution at approximately SEK131.7 billion and follows Candle Lake’s increase in its stake above the 30% threshold that triggers a mandatory offer under Swedish takeover rules. Candle Lake, the investment vehicle of billionaire Kenneth Dart, announced the bid on August 13. The acceptance period began on August 17 and is expected to end around […]

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Kenneth Dart’s investment firm Candle Lake has launched a mandatory takeover offer for Swedish online casino technology company Evolution after increasing its ownership stake above the level that triggers takeover obligations under Swedish regulations. The Cayman Islands-registered investment vehicle offered SEK695 per share, valuing Evolution at approximately SEK131.7 billion ($13.8 billion). The offer follows Candle Lake’s disclosure last month that it held more than 30% of Evolution’s shares and voting rights, requiring it to make an offer for the remaining shares or […]

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Svenska Spel, the Swedish state-owned gambling operator, recorded its strongest second quarter since the country’s gambling market was re-regulated in 2019. For the three months ending June 30, 2026, the group posted net gaming revenue of SEK 1.96 billion (£151.2m), a 7% increase year-on-year and a 4% rise over the previous quarter. Operating profit rose 13% to SEK 617 million, with the operating margin improving from 30% to 31%. The operator attributed much of this growth to heightened customer activity, particularly linked […]

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A Swedish administrative court has upheld enforcement actions taken against three gambling operators after determining that they committed serious breaches of anti-money laundering regulations through inadequate customer due diligence procedures. The ruling supports decisions previously issued by Sweden’s gambling regulator, Spelinspektionen, against Betsson Nordic Ltd, Snabbare Ltd and Spooniker Ltd. Following a review of the cases, the court agreed with the regulator’s assessment that the companies failed to meet required standards for customer knowledge and monitoring under the country’s anti-money […]

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Svenska Spel, casino operator from Sweden, has reported notable growth in both net gaming revenue and operating profit for the 2025 financial year. Despite challenges, including the closure of its land-based casinos, the Swedish gaming operator exceeded its financial targets, posting a 10% increase in operating profit and a rise in net gaming revenue. CEO Anna Johnson praised the company’s progress, emphasizing that the results were driven by successful digital transformations and strong performances in key business areas. “The end of […]

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A large-scale coordinated operation led by Europol, along with Swedish and Spanish authorities, has dealt a significant blow to a violent criminal group involved in illegal gambling and money laundering. The action, which took place between November 28 and 29, targeted the network operating primarily in the Stockholm area, but also extended to the Spanish city of Murcia. The operation resulted in the arrest of five individuals, including key suspects from both Sweden and Spain. Raids Uncover Substantial Illegal Gambling Operations The […]

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The latest quarterly findings from ATG show a continued upward shift in Sweden’s channelization rate, pointing to growing movement toward licensed gaming platforms. According to the Q3 2025 report, the rate now sits between 74 and 85 percent—an improvement over the 70 to 82 percent range recorded during the same period the previous year. ATG notes that this development signals a gradual but steady preference among Swedish players for regulated operators offering defined consumer safeguards. Rising Channelization and Industry Reactions In […]

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