The move was met with strong interest and was oversubscribed with over 16,000 investors. This pushed the opening price of SEK 77 up 10%. However, the stock eventually closed its opening day of trading slightly below its listing price at SEK 75, down roughly 2.6%.

The public listing is not a traditional IPO to raise funds, but rather gives a chance for shareholders to cash in on the company’s growth. Up to 50 million shares were floated at an initial listing price of SEK 77, giving the company a valuation of SEK 22 billion ($2.3 billion). 

A company statement declared, “Hacksaw’s Board of Directors and management consider the IPO on Nasdaq Stockholm to be a logical and important step in Hacksaw’s development.”

Hacksaw Gaming Showing Rapid Revenue Growth

Hacksaw Gaming has been growing rapidly. Its 2024 revenue more than doubled, reaching €137 million ($160 million), up from €67 million ($78 million) in 2023. The company maintained a high EBIT margin of 84%, showing strong profitability. 

Growth has continued this year with €45 million ($52 million) in revenue generated in the first quarter. That is a 71% increase from Q1 2024. The company is on track to exceed €180 million ($210 million) for the year.

Last year, the company expanded its presence in the US by obtaining a provisional supplier license in Pennsylvania. The company is also active in other states that have legalized online casinos, including New Jersey, Michigan, and West Virginia. 

In addition to supplying online casinos in the US with its services, the company also partnered with Sky Betting and Gaming in the UK last year. 

CEO Eyes Further Global Expansion

Commenting on the decision to publicly list the company, Christoffer Källberg, Group CEO of Hacksaw, said, “I am delighted to announce our intention to list on Nasdaq Stockholm. We have established ourselves as a leading supplier to online casinos active on the global iGaming market thanks to our strong, technology-driven offering and capabilities that enable us to create the best possible experience for our customers.

“We look forward to continue building on our strong foundation and to deliver high-quality experiences and bring value to our customers.”

The company already has licenses in Denmark, Greece, Romania, Spain, Italy, Sweden, and the Isle of Man, in addition to being active in the US, UK, and Ontario in Canada. Alberta’s soon-to-be regulated gambling market represents an opportunity for further expansion in North America. 

Other US states are also considering legalizing online casinos, which would provide areas for potential growth. Massachusetts lawmakers are currently considering a bill to join the seven states with legal online casinos in the country. 

From Scratchcards To A Multi-Billion Dollar Company

Hacksaw started out by offering online scratchcards with a license in Malta in 2018. It then developed a full game suite in 2020. 

The company’s portfolio of games earned nominations at the EGR Nordic Awards in 2021.

The launch of OpenRGS in 2023 pushed the company’s reach further. OpenRGS is a content distribution platform enabling third-party studios to push games through Hacksaw’s infrastructure. 

The company’s games have earned praise from operators in Sweden as well as overseas in other European countries. That has led to expansion in North America. 

US expansion is a key aim for the company now. CEO Marcus Cordes commented, “Our continued expansion into the U.S. market once again demonstrates the sheer determination and efficiency of our teams.”

The post Hacksaw Gaming Goes Public On Nasdaq Stockholm Exchange appeared first on CasinoBeats.

Through the collaboration, titles from the igaming supplier are now accessible to LiveScore and Virgin Bet players in the UK, including releases such as Wanted Dead or a Wild, Le Bandit, Ze Zeus and SixSixSix.

Marcus Cordes, CEO of Hacksaw Gaming, commented: “Partnering with LiveScore Group is an incredible opportunity for Hacksaw Gaming. Their reach, reputation, and dedication to player satisfaction make them an ideal partner as we continue to expand in the UK. 

“We are confident that this collaboration will resonate with players and pave the way for future successes.”

The deal with Hacksaw Gaming comes as LiveScore Group goes through a period of change, as the company announced in November last year that it would undergo an internal restructuring process to “create improved structures and a pathway to long-term sustainable growth”.

The restructuring is expected to impact over 100 existing roles across multiple business locations. It includes the operator’s recent market exit from the Netherlands, which was confirmed last month by the Dutch Gaming Authority Kansspelautoriteit.

Alongside LiveScore, Hacksaw Gaming is partnered in the UK and Ireland with Sky Betting & Gaming.

The post LiveScore Group adds Hacksaw Gaming titles to platforms in the UK appeared first on CasinoBeats.

Aiming to go live in the Keystone State by the end of the year, Hacksaw Gaming has gained further momentum in its US journey by marking its fourth state entry since its US debut in 2022. 

Adding to previous state entries in West Virginia, New Jersey and Michigan, the Malta-based studio has obtained an Interactive Gaming Manufacturer Licence from Pennsyvalnia’s regulator.

Marcus Cordes, CEO of Hacksaw Gaming, explained: “Securing the Pennsylvania licence is an incredible achievement for Hacksaw Gaming and a testament to our relentless drive for growth. 

“Entering one of the most prominent gaming markets in the US not only allows us to strengthen relationships with existing clients but also introduces our distinctive content to a wider audience. 

“This is a pivotal step in our journey, and we can’t wait to see what the future holds in Pennsylvania and beyond.”

Although the move sees Hacksaw Gaming turn its attention to North America’s growing igaming sector, the supplier has also placed recent focus on Europe having offered its titles to UK operator brand Sky Betting & Gaming. 

Cordes praised the deal, stating: “We’re incredibly proud to welcome Sky, an industry titan, to our growing roster of partners. Sky’s reputation for excellence speaks for itself, and we’re confident their players will embrace our cutting-edge content and distinctive style.”

The post Hacksaw Gaming shows ‘drive for growth’ with Pennsylvania licence appeared first on CasinoBeats.

The deal will see Hacksaw Gaming’s complete catalogue of slot releases introduced to Swiss players via Jackpots.ch, Grand Casino Baden’s digital casino platform. 

Brian Christner, Chief Online Gaming at Casino Baden, commented: “We’re elated to offer our players the diversity of Hacksaw Gaming’s content. Hacksaw’s dynamic games not only meet our entertainment goals but surpass them!”

Each game will be added to the brand’s online casino lobby via Gamanza Group’s third-party platform built for regulated markets, Gamanza Core. 

Simon Pukl, Head of Product at Gamanza Group AG, stated: “We’re excited about our partnership with Hacksaw Gaming, which enriches the collection of casino games available through Gamanza Core platform. 

“This integration brings access to a diverse array of premium and modern-themed slots, allowing our operators to expand their content portfolio with fresh and innovative games.” 

Hacksaw Gaming’s content will gain increased exposure through the partnership, holding top positions on Jackpots.ch’s site for four weeks.  

Marcus Cordes, CEO of Hacksaw Gaming, added: “Our collaboration with Gamanza Group AG and Grand Casino Baden is a significant first step into Switzerland. 

“It allows us to showcase our innovative games to a new audience and aligns perfectly with our global mission of delivering high-quality content.”

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Slot of the Week

SixSixSix – Hacksaw Gaming

This week’s Slot of the Week award was handed to Hacksaw Gaming for its satanic showcase of wheel-spinning wins in SixSixSix, a 4 reel slot with 14-paylines and a maximum win of up to x16,666 the player’s wager. The slot has high volatility with an RTP of 96.15 per cent. 

Low value symbols come in the form of crossbones, axes, cigarettes, alcohol and bibles. These symbols can offer between x0.2 and x3 the player’s bet when the right number of matching combinations fall on one turn. 

Meanwhile, high value symbols are represented by potion bottles, ghouls, wolves, dogs and devil fists. If the right number of winning combinations land on a single spin, these symbols can offer between x1 and x50 the player’s wager. 

Special blue six symbols can also drop into play, but only on reels one, three and five. Each time a blue six symbol lands on the reels, it will present a wicked wheel that can be spun for enhanced payout prizes. 

When blue six symbols appear in the bonus game mode, wicked wheels will appear in their place, with up to three wicked wheels available on the same spin. 

Spinning the blue six wheels can reveal several different prizes, and spinning two or three wheels on the same spin will combine them together. 

These blue wicked wheel prizes include: 

• The game’s maximum win of x16,666
• Adding multipliers from x5 to x100
• Multiplying multipliers from x2 to x10
• Six symbols that activate a free spins feature

If adding multipliers are revealed, each additive multiplier presented across one or several wicked wheels will be added together and applied to the player’s stake. However, if a multiplying multiplier appears, it will be applied to any other additive multipliers that were revealed across the wicked wheels. 

For example, if a player places a €1 stake and three wicked wheels reveal one x2 multiplier and two adding multipliers of x5 and x10, the player will see their €1 stake multiplied by x30, as x5 + x10 = x15 and x15 multiplied by two is x30. 

If one six symbol is revealed by the wicked wheel, players will be taken to the ‘speak of the devil game mode’ with 10 free spins. In this game mode, special red six symbols can also appear, revealing enhanced red wicked wheels when they drop into play. 

Red wicked wheel prizes include:

• The game’s maximum win of x16,666
• Adding multipliers from x10 to x500
• Multiplying multipliers from x3 to x20

If two six symbols appear across two wicked wheels on the same spin, the ‘let hell break loose’ feature will be activated with 10 free spins. Only red six symbols can appear in this feature, and the chances of landing one are increased. 

Finally, if three six symbols land across three wicked wheels on the same spin, the ‘what the hell’ feature is activated, awarding 10 free spins with at least one guaranteed red wheel on every spin. Blue wheels will not appear in this game mode. 

Featured Slots 

Firebird 81 – SYNOT Games

SYNOT Games brought the heat with its latest fiery slot sequel, Firebird 81, a 4×3 reel slot with 81-paylines and a maximum win of up to x200 the player’s wager. The slot has medium-low volatility with an RTP of 96.12 per cent.

Lukáš Hrabinský, Lead Game Producer at SYNOT Games, said: “This release is a visually stunning continuation of our Firebird brand, a perfectly balanced mixture of its predecessor and our popular Fruit Awards title.

“The firebird wild symbol is a simple but effective enhancement to the experience and winning potential of each spin.“

Low value symbols are represented by cherries, lemons, oranges, plums and grapes. These symbols can provide wins between x1 and x4 the player’s wager, depending on the number of paying combinations that fall on one turn. 

Meanwhile, watermelons, bells and lucky sevens depict the high value symbols, offering between x4 and x160 the player’s bet. 

Fiery firebird wilds can also drop into play, substituting for all symbols in the game. When one, two or three wilds apply to the same winning combination, the payout will be multiplied by x2, x4 or x8, respectively. 

Rick and Morty Strike Back – Blueprint Gaming

Wub-a-lub-a-dub-dub! Rick and Morty return to the reels in Blueprint Gaming’s latest slot, Rick and Morty Strike Back, a 6×4 reel slot with 4,096 ways to win and a maximum win of up to x10,000 the player’s wager. This slot has medium-high volatility with an RTP of 95 per cent. 

Jo Purvis, Director of Marketing, PR and Events at Blueprint Gaming, stated: “The Rick and Morty series has been among our most successful titles in recent years and so we are delighted to welcome the latest addition to the player-favourite game family.

“Slot enthusiasts and Rick and Morty fans are sure to love the trip down memory lane and enjoy the stimulating gameplay and thrilling array of bonus games maximising the chance of grand wins. The portal of payouts awaits.”

Cash symbols can drop into play on any of the reels, depicting either monetary values or jackpot prizes of minor (x20), major (x200) or mega (x2,500). These prize symbols can be collected by Rick and Morty collect symbols that only appear on reels one and six. 

When three or more bonus spaceship scatters land on the reels for the first time, players will have the choice of two game modes – Rick C-137 spins or Morty spins.

Once players have accessed both of these game modes in separate bonus triggers, the third and fourth features – Rick Prime spins and Evil Morty spins – will be available the next time three scatters drop into play. 

Landing three or more scatters offers eight Rick C-137 spins, one Morty spin, eight Rick Prime spins or one Evil Morty spin. However, landing four, five or six scatters will also provide instant wins worth x20, x100 or x500 the player’s stake, respectively. 

In the Rick C-137 spins, all prize and collect symbols are removed from play while collecting three wild symbols across different spins will upgrade the payouts provided by high value Rick C-137 symbols. 

For every three wilds that are collected, two additional spins will be provided, while landing two, three, four, five or six bonus scatters will provide four, eight, 12, 20 or 30 extra spins. 

With the Morty spins game mode, only prize, collect and special Morty multiplier symbols can appear on the reels. Collect symbols are guaranteed to appear, along with at least one prize symbol. 

Any Morty multipliers that appear will enhance the collected prize and increase the win potential. 

Once the one Morty spin has been completed, players will be presented with two portals to choose from. One portal awards an additional Morty spin, while the other will return the player to the base game with their collected winnings. 

In the Rick Prime spins, all prize and collect symbols are removed from play while collecting three wild symbols across different spins will cause the lowest-paying high value symbol to be removed from play, as well as awarding two extra spins.

Landing two, three, four, five or six bonus scatters will provide four, eight, 12, 20 or 30 extra Rick Prime spins. 

For the Evil Morty spins game mode, only prize, collect and Evil Morty character symbols can drop into play. Collect symbols are guaranteed to appear, along with at least one prize symbol. 

Evil Morty symbols can trigger one of three random features when they drop into play, including a boost feature that enhances all prize symbols on the reels. The max feature will increase all monetary prize symbols to the maximum cash value while the collector feature accumulates all cash prizes that are in view, without removing them, and adds them to its own value.

Similarly to the Morty spins feature, players will be presented with two portals to choose from. One portal awards an additional Evil Morty spin, while the other will return the player to the base game with their collected winnings. 

Blueprint Gaming has also implemented its Rapid Fire Jackpots function into this new release. Landing five Rapid Fire symbols anywhere on the reels triggers the Rapid Fire Wheel, offering stake multiplier wins ranging from x5 to x1,000 or one of five progressive jackpots.

A Big Catch – Betsoft

Betsoft has turned to a popular fishing theme for its latest slot A Big Catch, presenting players with a 5×3 reel slot with 243 ways to win and a maximum win of up to x3,300 the player’s wager. This title is highly volatile with a 96.5 per cent RTP. 

Fernando Van Velzen, Head of Account Management at Betsoft, explained: “We are incredibly excited to introduce A Big Catch – Hold & Win to our players and partners. This game embodies the innovation and entertainment that Betsoft is known for, and we believe it will be a huge hit.

“The new reset symbol adds a unique twist to the Hold & Win feature, providing players with more opportunities to win big. We can’t wait for everyone to experience the thrill of A Big Catch – Hold & Win.”

Bonus spheres can drop into play, displaying either monetary values from x0.6 to x12 the player’s stake or jackpot prizes of mini (x15), minor (x30) and major (x200). Landing six or more spheres on the same spin will activate the Hold & Win game mode. 

Additionally, gold sharks can land on the reels. These special sharks can only impact the Hold & Win game mode, but do contribute to the six or more symbols needed to trigger the feature when appearing in the base game. 

In the Hold & Win game mode, players are given three spins to land as many bonus spheres on an empty reel set as possible. Each symbol that appears in the game mode will reset the number of spins to three. 

Every gold shark that appears in the game mode will perform a reset feature, collecting all values from other spheres – including jackpots – and adding them to its own value. The collected spheres will then disappear, creating more potential for further spheres to land in play. 

Once all three spins have been completed, players will receive the sum of all spheres and gold sharks that are present on the grid. If the grid becomes filled with 15 spheres or sharks, the grand jackpot prize of x2,000 will be won. 

Finally, tool box wilds can appear on reels two, three and four, substituting for all symbols other than the bonus spheres and gold sharks.

The post Hacksaw Gaming, SYNOT and Blueprint Gaming: on the spin appeared first on CasinoBeats.

With spinning-wheel mechanics awarding an array of spine-tingling prizes, SixSixSix presents a 5×4 reel slot with 14-paylines and a maximum win of up to x16,666 the player’s wager. The slot has high volatility with an RTP of 96.15 per cent. 

Low value symbols come in the form of crossbones, axes, cigarettes, alcohol and bibles. These symbols can offer between x0.2 and x3 the player’s bet when the right number of matching combinations fall on one turn. 

Meanwhile, high value symbols are represented by potion bottles, ghouls, wolves, dogs and devil fists. If the right number of winning combinations land on a single spin, these symbols can offer between x1 and x50 the player’s wager. 

Special blue six symbols can also drop into play, but only on reels one, three and five. Each time a blue six symbol lands on the reels, it will present a wicked wheel that can be spun for enhanced payout prizes. 

When blue six symbols appear in the bonus game mode, wicked wheels will appear in their place, with up to three wicked wheels available on the same spin. 

Spinning the blue six wheels can reveal several different prizes, and spinning two or three wheels on the same spin will combine them together. These blue wicked wheel prizes include: 

• The game’s maximum win of x16,666
• Adding multipliers from x5 to x100
• Multiplying multipliers from x2 to x10
• Six symbols that activate a free spins feature

If adding multipliers are revealed, each additive multiplier presented across one or several wicked wheels will be added together and applied to the player’s stake. However, if a multiplying multiplier appears, it will be applied to any other additive multipliers that were revealed across the wicked wheels. 

For example, if a player places a €1 stake and three wicked wheels reveal one x2 multiplier and two adding multipliers of x5 and x10, the player will see their €1 stake multiplied by x30, as x5 + x10 = x15 and x15 multiplied by two is x30. 

If one six symbol is revealed by the wicked wheel, players will be taken to the ‘speak of the devil game mode’ with 10 free spins. In this game mode, special red six symbols can also appear, revealing enhanced red wicked wheels when they drop into play. 

Red wicked wheel prizes include:

• The game’s maximum win of x16,666
• Adding multipliers from x10 to x500
• Multiplying multipliers from x3 to x20

If two six symbols appear across two wicked wheels on the same spin, the ‘let hell break loose’ feature will be activated with 10 free spins. Only red six symbols can appear in this feature, and the chances of landing one are increased. 

Finally, if three six symbols land across three wicked wheels on the same spin, the ‘what the hell’ feature is activated, awarding 10 free spins with at least one guaranteed red wheel on every spin. Blue wheels will not appear in this game mode. 

If readers would like to test their fate with the SixSixSix demo, they can click here to be directed to Hacksaw Gaming’s official website. 

The post Hacksaw Gaming rides the highway to hell to claim SOTW appeared first on CasinoBeats.

Through the collaboration, Hacksaw Gaming’s catalogue of in-house slot releases will be added to Spelet’s online casino lobby, increasing the visibility of the supplier’s proprietary content in Eastern Europe. 

A representative from Spelet.lv stated: “We’re thrilled to announce a dynamic collaboration between Hacksaw Gaming and Spelet.lv. Get ready to elevate your gaming experience as we introduce Hacksaw’s innovative and immersive games to the Spelet.lv platform. 

“Together, we’re not just launching games, we’re shaping the future of online gaming, one thrilling experience at a time. Players can look forward to a diverse selection of Hacksaw titles, ranging from thrilling scratch cards to engaging slots, all seamlessly integrated into the Spelet.lv experience. 

“Whether you’re a seasoned gamer or new to the scene, there’s something for everyone to enjoy.”

As a result of the partnership, online casino players with access to Spelet’s Latvian online casino offering will be able to spin the reels on Hacksaw slots such as Wanted Dead or a Wild, Le Bandit, R.I.P City and Chaos Crew. 

In addition to slot releases, the studio’s range of Dare2Win games will be made available via the operator’s online casino platform, offering several niche game formats such as mines, plinko and hi-lo. 

Marcus Cordes, CEO of Hacksaw Gaming, added: “Another strong collaboration under our belts, driving our mission to revolutionise the industry and deliver innovative gaming experiences.”

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Hoping to present players with a “tidal wave of entertainment”, Hacksaw Gaming’s complete collection of in-house slot releases can now be found on Rank UK’s online casino platform as a result of the collaboration. 

Marcus Cordes, CEO of Hacksaw Gaming, commented on the deal: “Bringing our star titles to UK players will strengthen our Hacksaw community and continue to shake up the industry! A huge shout out to the dedication shown from both teams on this launch, a true testament to the determination of how we work here at Hacksaw Gaming.” 

The deal will also see Hacksaw Gaming’s slot content gain increased exposure on Rank UK’s platform, with the operator agreeing to provide space on its homepage for Hacksaw slots across the next four weeks. 

This will see established slots such as Wanted Dead or a Wild, Le Bandit, R.I.P City and Chaos Crew showcased immediately as players log onto Rank UK’s online casino website. 

A representative from Rank stated: “Hacksaw Gaming is launching with an exhilarating array of games, captivating themes, and thrilling gameplay. We’re not just launching slots; we’re unleashing a tidal wave of entertainment that will captivate players in the UK. Get ready to spin and experience the future of gaming like never before.”

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Under the terms of the deal, Newgioco players based in Italy will gain access to a selection of Hacksaw Gaming slot releases as the supplier looks to continue expanding its presence across Europe. 

“The Newgioco casino adds Hacksaw Gaming as a new partnership, with which we are sure we can aim together for excellent results in terms of satisfaction from our users,” said A. Merola, Newgioco CEO. 

“Extending the offer with high-profile suppliers represents another step in our strategy aimed at making the widest range of innovative and safe entertainment products available to Newgioco users. Welcome to Hacksaw Gaming in the Newgioco stable!”

Included in Hacksaw Gaming’s slot offering, Italian Newgioco players will be able to experience slot titles such as Wanted Dead or a Wild, Le Bandit, Hand of Anubis and Chaos Crew II, among others. 

Marcus Cordes, Hacksaw Gaming CEO, added: “Another new client and another successful launch under our belts! We’re eager to see how Newgioco players enjoy our content, and equally as eager to solidify this new collaboration.” 

Elsewhere on the continent, Hacksaw recently extended its reach in the Dutch market by renewing its content partnership with Come On!, which shortly followed a Croatian deal with Hrvatska Lutrija. 

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$1.24bn

Nevada gaming operations returned to revenue growth in April, with operators on the Las Vegas Strip performing well in comparison to the same month the previous year.

According to the Nevada Gaming Control Board, statewide gaming revenue improved by 6.95 per cent year-over-year to $1.24bn (April 2023: $1.16bn).

Although this figure is down in comparison to March’s $1.29bn, it is a return to YoY growth for operations in the Silver State after undergoing a 1.65 per cent YoY decline the previous month.

For the fiscal year – July 1, 2023, to April 30, 2024 – Nevada revenue has risen by 4.67 per cent YoY to $13.2bn (2023: $12.6bn).

Operations on the Strip in April rose by 6.62 per cent in comparison to the same month last year to $666.1m (April 2023: $624.7m). For the fiscal year, revenue for the Strip rose by 6.52 per cent to $7.6bn (2023: $7.1bn).

Per vertical, the NGCB stated that slot machines revenue grew by 5.86 per cent YoY to $886.8m, with multi denomination and one cent generating $586.8m and $216.6m in revenue respectively.

Table, counter and card games revenue improved by 9.8 per cent YoY to $353.4m, with blackjack and baccarat producing $110.2m and $76.1m in revenue respectively.

SEK 2.6m

Spelinspektionen stated that Hacksaw Studios supplied games to operators that didn’t have a Swedish licence, issuing the slot supplier a warning and a SEK 2.6m (€226,300) sanction fee.

The Swedish Gambling Authority mentioned that an inspection took place on January 10, 2024, of several websites run by companies that don’t have a licence to operate in the country. Hacksaw Studios was found to be a supplier for two of the websites investigated, so an inspection into the supplier was initiated.

Within the authority’s decision, it is noted that Hacksaw Studios responded to Spelinspektionen’s inspection on January 23, 2024, stating that it has implemented geoblocking to make sure its game software is only available in Sweden to licensed operators.

The studio said that it does not provide its software to operators who don’t have the necessary licence, and the studio themselves don’t enter into agreements with operators as this task is done by other legal entities within the Hacksaw Group.

In addition, Hacksaw Studios noted that they can’t be responsible for their client’s regulatory compliance, it can’t be guaranteed that an operator won’t attempt to take its content to a market where it doesn’t hold the necessary licences and that any provider that has adequate processes in place shouldn’t be determined in breach of the gambling act and penalised.

$100m

Mandalay Bay Resort and Casino has announced the completion of a $100m redesign of its 2.1 million-square-foot convention centre, which includes the updating of its tech infrastructure.  

Furthermore, the boost also includes additional dynamic digital signage and a fresh design that looks to complement the resort’s tropical-inspired brand.

Ernest Stovall, VP of Hotel Sales for Mandalay Bay, commented: “Meetings and conventions play a pivotal role in the success of Las Vegas, and the revitalisation of the Mandalay Bay Convention Center demonstrates our commitment to this critical piece of our city’s foundation. 

“Our goal is to evolve alongside the meetings industry to meet the needs of the modern customer. Based on invaluable insights from our customer advisory board, we crafted a space at Mandalay Bay that sets a new standard in excellence and reflects the future of modern meetings, events and trade shows.”

98%

The Betting and Gaming Council revealed its member bookmakers and casinos achieved record compliance rates for age verification checks.

Reporting independent figures from ID and compliance testing service Serve Legal, the BGC noted that bookmakers had a 91.4 per cent age verification pass rate across thousands of annual checks, while casinos had a pass rate of 98 per cent.

The council said that the compliance rate has increased by 30 per cent across the audit volume since Serve Legal began working with the regulated betting and gaming sector in 2009, with its members enforcing strict age verification to prevent underage gaming.

BGC members have also increased the checking age from “Think 21” to “Think 25” across betting shops and casinos, requiring anyone who is over 18 but looks under 25 to provide ID.

In addition, the council funds YGAM and GamCare’s £10m Young People’s Gambling Harm Prevention Programme, which has reached more than two million 11-to-19-year-olds, and those working with them, in the UK.

Wes Himes, Executive Director of Standards and Innovation at the BGC, said: “The BGC and our members are incredibly proud of these compliance rates, which put us ahead of our peers in every department.

“Bookmakers and casinos play a vital economic role on the UK’s hard-pressed high streets, as well as in the leisure and tourism sector. But economic contribution has to go hand-in-hand with the highest standards.”

DKK 595m

Spillemyndigheden, the Danish gambling authority, reported a year-over-year decline in gross gaming revenue across betting, gaming machines and land-based casinos in April, alongside an increase in online casino GGR.

Reporting figures for April 2024, the authority stated that GGR amounted to DKK 595m (€79.8m), down from the DKK 640m GGR during the same month last year.

In terms of GGR by sector, online casinos led the way with 45.85 per cent, followed by betting with 32.79 per cent, gaming machines with 16.11 per cent and land-based casinos with 5.26 per cent.

Online casinos in April generated DKK 273m in GGR, up 6.04 per cent from the DKK 257m reported during the same month the previous year. 

Within the vertical, gaming machines had the largest share of total GGR at 76.26 per cent, followed by roulette at 7.27 per cent, blackjack at seven per cent, commission at 3.66 per cent, other at 3.17 per cent and bingo at 2.64 per cent.

Spillemyndigheden noted that betting operations in April produced DKK 195m in GGR, down 20.92 per cent in comparison to DKK 247m reported in April 2023.

Mobile betting led the way with a 70.18 per cent share of the vertical’s total GGR, followed by land-based at 15.06 per cent and computer at 14.76 per cent.

Gaming machine GGR fell by 7.36 per cent YoY in April to DKK 96m (April 2023: DKK 104m) with an average daily GGR of DKK 3.3m. 

Gaming arcades generated a 79.65 per cent share of the vertical’s total GGR during the month, while restaurants produced 20.35 per cent.

Land-based casinos reported an April GGR of 31m, down 1.63 per cent YoY (April 2023: DKK 32m) with an average daily GGR of DKK 1.1m.

As of April 30, 2024, Spillemyndigheden noted that the ROFUS self-exclusion service had 50,740 registered persons, with 32,823 permanently registered persons and 17,914 temporary registered persons.

SEK 30m

Kindred has confirmed that the sanction fee ordered to the company by the Swedish Gambling Authority in 2020 has been reduced for a second time to SEK 30m. 

Following bonus rules violations that took place in 2019, Kindred’s wholly owned online casino subsidiary brand Spooniker was ordered to pay SEK $100m. 

The firm had been accused of offering “several different unauthorised bonuses” as well as games, specifically lotteries, that were not covered by the operator’s licence. 

At the time, the SEK 100m figure was considered necessary due to the nature of the violations, but the Authority did ensure the fine wouldn’t “exceed ten percent of the licence holder’s turnover”. 

In response to the original violations, the operator stated: “Kindred will appeal the SGA’s decision to obtain judicial guidance on how the new legislation should be interpreted. Until recently issued warnings and fines issued to other licence holders are tried in court and enforced, Kindred will continue to adopt a strict interpretation.

“Kindred is of the opinion that the Swedish Gambling Act adopted on January 1, 2019, has been vague in areas related to commercial activities and thereby creating unnecessary ambiguity. Kindred welcomes more clarity in these areas and continues to improve its operations to ensure full compliance.”

Following Kindred’s appeal, the sanction fee was originally reduced down to SEK 50m, however, over four years after the original violations, the fee has been reduced further to SEK 30m.

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