Is the upcoming Swedish Gaming Regulation shaking the Stock Market?
Is the Swedish gambling regulation shaking up the stock market? 2017 Sweden decided to follow a lot of the other EU-countries and create their own regulation instead of the state-controlled gambling companies. The first of August 2018 the Swedish Gambling Authorities started to accept applications for the new regulated market in Sweden – but how is the stock market reacting? Hipshot Media is having a look.
Looking at four of the five biggest gambling operators in the northern countries several of them have been taking a big hit on the stock market.
In the last three months the two operators LeoVegas (LEO), Kindred Group (KIND SDB), the operator and performance marketing company Gaming Innovation Group (GIG) and the performance marketing Catena Media (CTM) have all been taking huge losses in the last three months. Only today, the sixth of September LeoVegas is down -0,87%, Kindred Group is down -2,04%, Gaming Innovation Group is down -0,31% and Catena Media is down -1,26% of today just before OMX Stockholm is closing.
The gaming operator Betsson is an exception though and have been going strong in the last three months.
Erik from Bonusho.com, one of the most accurate casino bonus guides, is sharing his view on how the Swedish Gambling Regulation will affect the Swedish market and the companies operating there.
The regulation will probably have an impact on the revenues both on the operator side on for the big performance marketing companies that recently have entered the stock market. But looking at it long term this will have a positive effect for the industry in whole.
In our work we do see operators that are more dodgy than others were the new regulations will be in favor for the players, both in terms of protection and in terms of fair offers. A lot of casino bonuses comes with complicated terms, which Bonusho is trying to communicate in a more clear way.