first_img Lloyd’s insurers in Stanford case by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Share whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Monday 23 August 2010 8:40 pmcenter_img Tags: NULL KCS-content Show Comments ▼ Lloyd’s of London insurers will today try to save themselves $100m (£64m) in payouts to alleged fraudster Allen Stanford and his three associates by proving they are guilty of money laundering. Establishing guilt would mean the insurance companies will be able to begin clawing back the Stanford Financial?Group executives’ legal bills. Stanford, Laura Pendergest-Holt, Gilbert Lopez and Mark?Kuhrt were last year accused by the Securities and Exchange Commission of running a $8bn Ponzi scheme by selling fake deposit papers. last_img read more


first_img whatsapp DS Smith posts 17.5pc profit lift KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Share Thursday 9 December 2010 7:44 pm center_img BRITISH packaging and office products firm DS Smith posted a 17.5 per cent rise in first-half pre-tax profit on strong volume and revenue growth at its recycled packaging business, and said it was upbeat about the second half.The company, whose customers include Procter & Gamble and Nestle, also raised its interim dividend by a third to 2p a share.For the six months to 31 October, pre-tax profit was £40.2m, compared with £34.2m last year. Revenue grew 15 per cent to £1.17bn. whatsapp Show Comments ▼ Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wraplast_img read more


first_imgThursday 27 January 2011 8:44 pm KCS-content whatsapp Tags: NULL Share DAVID Cameron will today take to the stage at the World Economic Forum in Davos with a defiant message for those insisting the government needs to slow its cuts in light of a fourth-quarter shrinkage of the economy last year.“Those who argue that dealing with our deficit and promoting growth are somehow alternatives are wrong. You cannot put off the first in order to promote the second,” he will tell delegates. “We must see it through. The scale of the task is immense… The British people know these things. They understand there are no short-cuts to a better future.”His comments come just a few days after billionaire investor George Soros said in the same venue that chancellor George Osborne faces a tough choice between growth and budget cuts.The government has faced calls for it to temper its plans to cut spending down from 11 per cent of GDP to one per cent in five years after the Office for National Statistics released figures indicating that the UK economy shrank by 0.5 per cent in the fourth quarter of 2010.In a speech later today, Osborne will tackle the data release head-on: “Many European governments face this challenge,” he will say. “But as this week’s growth figures demonstrate, the challenge is particularly acute in the UK.”Britain had “the biggest housing boom, the most leveraged banks, the most indebted households, the biggest budget deficit. An illusion of growth built on easy money that has now turned to dust,” he will say. “It’s clear that for some that temptation remains – a bit more government spending here, pumping the bubble back up a bit there.”The GDP release has seen the UK raised repeatedly at Davos as evidence that many parts of Europe could be in for a period of “staglation” – inflation and low growth. Economist Nouriel Roubini said earlier this week that the UK was “already double-dipping”.But thinktank, the OECD, has supported the coalition’s intention to continue with its plans saying they are “necessary” for long-term growth despite the “short-term implications.” center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Cameron uses Davos stage to defend UK cuts Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more


first_img Share Wednesday 2 February 2011 8:26 pm whatsapp Show Comments ▼ KCS-content Tags: NULLcenter_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout High earners are determined to spend their way out of recession, a report by HSBC suggests. Spending by people earning over £100,000 per annum is expected to increase by 7.8 per cent this year. Overall spending for this group will increase to £87,380. Spending on one-off purchases will fall by 25 per cent for the £100,000-£150,000 bracket. Yet this group still spends on average over £10,000 a year on one-offs. Areas of increased spending include transport and travel, and home improvements. Affluent consumers are expected to spend an average of £13,946 improving their homes. whatsapp Wealthy to increase spending last_img read more


first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Battersea Power Station is go Share KCS-content Wednesday 9 February 2011 8:19 pm whatsapp The developer of the Battersea Power Station site won final approval for its regeneration plan yesterday, which is now due to begin in 2012. Real Estate Opportunities got the green light from secretary of state for communities and local government Eric Pickles for the £5.5bn scheme yesterday, following earlier approval from the Mayor of London and Wandsworth Council. The firm plans to build 3,400 new homes alongside offices, restaurants and a conference centre at the 10m square foot site, and has hired Walkie Talkie architect Raphael Vinoly to design the landmark project. Real Estate Opportunities shares rose 28 per cent after the announcement yesterday. Battersea Power Station has been shut for almost 30 years, but the site is set for a revamp that will include the new US embassy building. Show Comments ▼ Tags: NULL whatsapplast_img read more


first_img Wednesday 16 February 2011 9:06 pm Tags: NULL whatsapp What the other papers say this morning FINANCIAL TIMESOAKTREE RETURNS INVESTOR’S CASHOaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure of Lehman Brothers in September 2008. But Mr Karsh is now telling his investors he cannot decide what to do with their money, these people say.A ROUND OF JOB CUTS HITS ATKINSThe shortfall in government funding for large building projects has pushed Atkins into a round of job cuts, as the design and engineering group looks to scale down its UK business.Atkins, which generates just over half of its revenues in the UK, said it would cut 300 jobs by April – taking total staff to 17,000 – and relocate a small number of people to the Middle East.OSBORNE EYES LOOSER LIQUIDITY SCHEMEGeorge Osborne is looking at ways in which Britain’s tough bank liquidity rules might be eased, potentially saving banks hundreds of millions of pounds and releasing funds for lending to businesses and homeowners.The chancellor is looking sympathetically at claims by the banks that Britain’s regulators have gone too far. PEPSI BACK ON SAINSBURY’S SHELVESPepsi is back on Sainsbury’s shelves following a standoff over pricing, setting the tone for what promises to be a tough round of negotiations between suppliers and retailers. Sainsbury is understood to have caved in, at least partially, on the higher prices demanded by Britvic after the Pepsi bottler stopped supplies.THE TIMESAUSTERITY SINKS PORTUGAL INTO RECESSIONSpending cuts and tax rises have led Portugal into recession as it aims to cut its budget deficit, the country’s central bank governor said today. Carlos Costa’s admission came ahead of a sale of up to €1bn in treasury bills seen as a vital test of market sentiment towards the eurozone’s weakest economies.NORTH KOREA BACK IN PLAY WITH CHINA TRADENorth Korean exports to China soared by 51 per cent to $1.2bn (£740m) in 2010 as the impoverished regime sold its coal, iron ore and other natural resources into the Chinese market. At the other end of the relationship, and in a year where North Korea sunk a South Korean warship, Chinese exports to North Korea rose 21 per cent higher to $2.3bn.The Daily TelegraphEASYJET IN EXECUTIVE PAY WRANGLESir Stelios, easyJet’s founder and largest shareholder, said last week that he would oppose the airline’s pay package for directors because of a £1m payment made to former chief executive Andrew Harrison between April 1 to September 30 last year, which includes three months after he left easyJet.SINGAPORE BEATS LONDON AND NYSingapore has beaten London and New York as the number one career destination for UK investment bankers, research has revealed. The study suggests over-regulation in the UK could be damaging London’s reputation and lead to a brain drain of talented staff that threatens to derail the recovery, according to Astbury Marsden, a financial recruitment firm which carried out the survey.THE WALL STREET JOURNALFIRMS WANT WHISTLEBLOWER CHANGELarge US companies are asking the Securities and Exchange Commission to require that workers report wrongdoing to employers in order to be eligible for payments under the agency’s new “whistleblower” programme. Google Inc. and General Electric Co. are among the more than two dozen companies that have written letters to the SEC, asking the agency to revise its proposed rules. G20 FRET OVER INFLATION TARGETSTop officials from the Group of 20 industrialized and developing nations have agreed to draw up a “limited set” of indicators aimed at curbing global economic imbalances and better coordinate economic policies, but have yet to decide what those indicators will be, according to an early draft of a statement due to be released by the G-20 on Saturday. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo KCS-content Show Comments ▼ whatsapplast_img read more


first_img Show Comments ▼ UBS: Oil price rise impact minimal whatsapp KCS-content whatsapp Sharecenter_img Wednesday 16 March 2011 8:35 pm Global growth will be only slightly affected by rising oil prices, economists at UBS said yesterday. Despite revising up its medium term oil price projection by $10 (£6.23) a barrel, UBS said world growth would slow only by 0.1 per cent this year, from 3.9 per cent to 3.8 per cent. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLlast_img read more


first_img Show Comments ▼ Share Tuesday 22 March 2011 8:32 pm The US recovery is gathering strength, two Federal Reserve officials indicated yesterday. Sandra Pianalto spoke of a “virtuous cycle of growth” in the economy, while Richard Fisher said that the Fed should rule out any quantitative easing beyond June of this year. whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Fed officials optimistic on growth whatsapp KCS-content Tags: NULLlast_img read more


first_img Subscribe to the iGaming newsletter Topics: Finance Tags: Mobile Online Gambling 14th August 2018 | By contenteditor Regions: Europe UK & Ireland Southern Europe Spain Growth in Spain and “relatively new markets” leaves executive chairman optimistic JPJ Group executive chairman Neil Goulden expects adjusted earnings to return to growth in the second half of 2018 after the operator posted an “expected” fall in EBITDA for the first six months of the year.JPJ, which operates the Jackpotjoy and Vera&John brands, posted an encouraging 10% year-on-year increase in total gaming revenue of £161.1m (€180.8m/$206.2m) for the first half of 2018, with Spain and “relatively new markets” offering cause for optimism.Adjusted net income increased by 7% to £45.5m, but adjusted EBITDA dropped by 4% to £56.9m, with Goulden citing major marketing campaigns and the impact of point-of-consumption (POC) tax in the UK for the dip.“Group revenue grew 10% with average active customers per month also increasing 7%, driven by good growth across our global footprint, in particular in Spain and a number of relatively new markets,” Goulden said, with Jackpotjoy having completed its final earn-out payment for Spanish-facing Botemania in the period.“As expected, adjusted EBITDA was down 4% year-on-year, but is expected to return to growth in the second half of the year following the conclusion of the TV advertising campaigns and as we pass the anniversary of the introduction of the POC2 on gross gaming revenue in the UK.“Looking ahead, I am confident that the group’s strong cash flow generation provides us with the opportunity to create additional value for shareholders as we continue to deleverage.”In its trading update, JPJ also confirmed that it had signed a share purchase agreement for the sale of its social business for £18.1m, although no further details were disclosed.“Post completion, the group will be exclusively focused on its core activity of real money gaming and the disposal will represent another positive step in reducing net leverage,” the company said.JPJ’s share price had dropped by 4.6% by 11am this morning on the London Stock Exchange.Analysts at Regulus Partners responded to the trading update by saying that the company had “done well” to emerge “relatively unscathed” from its “financial engineering”.However, the analysts warned of future hurdles, especially in terms of building operational and technological capabilities that “will allow JPJ to grow in increasingly challenging domestically-licensed markets”.Regulus Partners added: “JPJ has transitioned from a mess of assets with questionable governance via a segment-leading UK brand with very high leverage (especially including earn-outs), to a strongly cash generative and much more robust business. However, during this transition, growth in key markets has become significantly more challenging.“Nevertheless, a bigger part is competitive changes, in our view – with ‘third generation’ gaming operators and best-of-breed betting operators growing gaming share at the expense of less agile competitors.” JPJ chief confident of H2 earnings growth Finance Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more


first_img4th September 2018 | By contenteditor Legal & compliance Leading newspapers ordered not to provide links to unregulated websites Subscribe to the iGaming newsletter Email Address Sweden’s gambling regulator has claimed victory after the country’s two leading newspapers were told they cannot provide links to unregulated offshore companies. Aftonbladet and Expressen each appealed an injunction imposed by Lotteriinspektionen in 2013 demanding they cease offering links to foreign gaming sites on their websites. However, the Chamber of Commerce civil court found that linking to foreign gaming advertising is a measure of a pronounced commercial nature that is not protected by the freedom of expression. The court also ruled that the promotion ban in the lottery law is not contrary to European Union law. “It is positive that the tribunal will take a stand against promotion of lotteries without permission in Sweden,” said Camilla Rosenberg, director general of Lotteriinspektionen, in a statement. “We assume that anyone who violates the promotion ban by linking to or promoting foreign gaming sites now ends with this.” Under the Lottery Act 1994 it is prohibited to promote participation in a lottery organised outside the country for professional purposes. Lotteriinspektionen contended that clickable links hosted by Aftonbladet and Expressen were promotions, in a similar nature to traditional advertising. In the last five years, Lotteriinspektionen has issued a number of similar injunctions against other media companies regarding the same type of linking. Under the Lottery Act, the regulator can notify the injunctions and prohibitions necessary for compliance with the law, and impose penalties. The new Game Act 2018, which will become law in January, also prohibits the promotion of games not regulated in Sweden. Household names such as Svenska Spel and Betsson were among 22 companies that applied for Sweden’s new gambling licences on the first day of submissions on August 1. iGamingBusiness.com understands that up to 70 licence applications are expected to be made ahead of the re-regulation that sees state-owned Svenska Spel’s gaming monopoly end. Lotteriinspektionen recently urged applicants to submit their documents as early as possible to be sure of being licensed before January. Tags: Online Gambling Topics: Legal & compliance Regions: Europe Nordics Sweden Swedish court upholds offshore promotion ban AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more