Lotteritilsynet orders BML Group to stop offering gambling in Norway
Enforcement & compliance · SectorWire deskSource published
Source: Lotteritilsynet (Norway) ·
Summary
Norway's Lotteritilsynet has ordered BML Group, which operates Betsson, Betsafe and Nordicbet, to stop offering gambling in the country without a Norwegian licence. The company must comply by 25 March 2022, three weeks from the decision date, and the regulator has warned of a coercive fine if it does not.
Why it matters
The order shows Norwegian authorities enforcing the licence requirement against an established operator group with penalty threat.
Last close SEK 57.76 on 22 April 2022. SEK 53.50 on the story date (9 March 2022). Range SEK 48.34 to 60.12, axis not from zero. Delayed end-of-day data, not live. Not investment advice.
Cite as: SectorWire, “Lotteritilsynet orders BML Group to stop offering gambling in Norway”, 9 March 2022, https://sectorwire.news/item/lotteritilsynet-orders-bml-group-to-stop-offering-gambling-in-norway/
Key facts
- Parties
- BML Group, Betsson, Betsafe, Nordicbet · Lotteritilsynet
- Market
- Norway
- Shares
- Betssonup 0.1%1DLatest close · change from previous closeNasdaq Stockholm: BETS B · · end-of-day, delayed