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Gambling911.com has all the latest news and information pertaining to the world of online gambling affiliates including SEO strategies and more for Monday November 11, 2019.
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Swedish "Over-Regulating" Could Harm Online Gambling Affiliates
The Swedish Trade Association for Online Gambling, or Branschföreningen för Onlinespel (BOS), warned this week that the tightening of the country’s gambling laws could result in a negative impact to both operators and affiliates alike.
One of the proposed changes would be a ban on advertising. Some wagering types, such as betting on the number of corners in a football match, might also be stopped.
General Secretary Gustaf Hoffstedt said: “To discuss marketing restrictions for licensed casino operators in these circumstances, as well as prohibiting popular gambling projects, shows that the government doesn’t understand the gravity of the situation.
“Such restrictions would virtually mean giving away the Swedish gambling market to unlicensed operators. The government is currently acting as the best friend of the black and grey market. This needs to end.”
According to Spelinspektionen, which is the country’s iGaming regulator, 13-15% of Sweden’s online gambling market is unlicensed.
The country reported a 3.4 percent loss of revenue month-on-month.
One of the nation’s top online casino providers, Netent, reported a tough 3rd quarter. The company posted a 10 percent decline in revenue and a 60 percent drop in profits after tax for the third quarter to September 30.
“The primary reason for the lower revenues was attributed to continued weak developments in the Swedish market,” CEO Therese Hillman explained. “Sweden accounted for seven percent of the decrease, but Norway and UK also had a negative impact on revenues.”
- Aaron Goldstein, Gambling911.com
