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Norway extends Norsk Rikstoto monopoly for 10 more years
December 9, 2022

Norway extends Norsk Rikstoto monopoly for 10 more years

Bookiecity

The government of Norway has extended Norsk Rikstoto’s exclusive licence to offer bets on horse racing for another 10 years.

Norway remains one of the last European countries with a state gambling monopoly. Lottery Norsk Tipping is the only body permitted to offer online casino gaming, while Norsk Rikstoto has the exclusive rights to take bets on horse racing.

Norway remains one of the last European countries with a state gambling monopoly

The government said that the monopoly system is necessary because the types of games offered by Norsk Tipping and Norsk Rikstoto “have high prizes, high turnover or a high risk of creating gambling problems”.

Norsk Rikstoto’s monopoly will now last at least 10 more years, as the government announced that its licence would be extended until at least the end of 2032.

Minister for culture and equality, Anette Trettebergstuen, said that she felt that Norsk Tipping understood its role as a monopoly operator and that its goals were aligned with the go..

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Regulator calls on Norsk Tipping to launch betting loss limits
April 22, 2022

Regulator calls on Norsk Tipping to launch betting loss limits

Bookiecity

Norwegian regulator Lotteri-og Stiftelsestilsynet has called on monopoly operator Norsk Tipping to reduce the availability and number of casino games on its site, and for the introduction of loss limits for sports betting.

In the regulator’s 2021 annual report, it found that both customer and turnover numbers reached a record high for Norsk Tipping, one of the country’s two monopolies alongside racing operator Norsk Rikstoto.

“There may be several reasons for the growth,” the regulator said. “One of the reasons may be that people through the corona pandemic have had more free time due to restrictions in leisure activities.”

This came despite the operator reducing its monthly loss limit for “high-risk” games from NOK10,000 (£869/€1,037/$1,117) to NOK7,500 in December 2020, before cutting it further, to NOK5,000, in September 2021.

While it noted that this represents a success for channelisation, the regulator added that it had asked the operator to strengthen its player protection ..

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FSB enters Slovakian market with Hungary’s Szerencsejáték Zrt
February 10, 2022

FSB enters Slovakian market with Hungary’s Szerencsejáték Zrt

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Sports betting and igaming service provider FSB is to power SZRT Slovakia’s betRing sportsbook, marking the Hungarian national lottery’s first foray into a new market.

The multi-year agreement will see FSB power SZRT Slovakia’s betRing.sk sportsbook. SZRT Slovakia is powered by the Hungarian state lottery Szerencsejáték Zrt (SZRT), its first move outside its local market.

FSB said it views the deal as an opportunity to prove it can deliver a leading product to other state lotteries looking to enter new markets. The company recently appointed Chris Graham as a new lead for B2B global marketing.

“We’re delighted to team up with SZRT Slovakia in this exciting multi-year agreement to become their trusted technology partner,” FSB chief executive David McDowell said. “Winning the highly competitive, multi-vendor tender process for this opportunity is a great testament to our agile tech and growing industry profile.
“It has been extremely gratifying to see the talented and highly motivate..

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