The Swedish gambling market has become ever more competitive in recent years since the Swedish government relaxed rules restricting other companies from operating in the country. The state-owned Svenska Spel has dominated the market, arguably creating a monopoly in Swedish gaming. However in recent years, the government has let privately-owned businesses operate in the country, ensuring that even during the recent economic downturn the industry remained unaffected. Despite the Swedish Government’s strict regulation of the gambling industry, other companies have been able to profit from the gap in the market left by Svenska Spel. Despite the giant’s dominance of the…

iGaming Business – Online gaming operator Unibet has agreed a deal to become the official betting partner of the Ultimate Fighting Championship (UFC) mixed martial arts organisation. The deal will come into effect immediately and run for two years until 2016. The partnership will cover the UK, Ireland, Scandinavia, Belgium, Netherlands, France and Australia. Unibet will work on a range of betting offers for UFC events to support the partnership. “The UFC has really established itself as a leader in both sports and entertainment, while Unibet has managed to do the same in the gambling sector,” Unibet’s chief marketing officer…

From iGaming Business After reporting record fourth-quarter financial results in February, Malta-based online gambling operator Unibet Group has now announced that the first three months of 2013 saw it increase gross winning revenues by 16 percent year-on-year to £59.3 million. Unibet revealed that its interim financial results for the first quarter of 2013 also show that it boosted its earnings before interest, tax, depreciation and amortisation by 11.7 percent year-on-year to £17.1 million while its operational profit rose some 7.7 percent when compared with the same period in 2012 to reach £12.5 million. Continuing the good news, Unibet stated that…