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Swedish Gambling Authority Deems Temporary Measures “Difficult to Assess”
The Swedish Gambling Authority (SGA) has said that it is “difficult to assess” what impact temporary liability measures had on public health and consumer protection.
In evaluating online gambling restrictions put in place due to Covid-19, the regulator stated that it cannot easily attribute any developments to these temporary measures alone as the pandemic and new gambling regulation will also have played a role.
The SGA has submitted its interim report to Sweden’s government, outlining what effects liability measures may have had on problem gambling.
These measures came into force on 2 July 2020 and were eventually lifted on 14 November 2021. They were originally introduced in response to a purported rise in problem gambling due to the pandemic, and included a SEK 5000 ($525) cap on deposits at online casinos and a corresponding loss limit for slot machines.
But in determining what impact such restrictions have had on public health and consumer protection, the SGA has come up empty-handed.
While only four months have elapsed since the measures were lifted, and a more in-depth report is due later, the regulator has thus far found it difficult to distinguish which developments occurred as a result of said measures, and which were caused more by Covid-19.
“It is currently not possible to determine what effect the pandemic has had. Against this background, it is also not possible for the Swedish Gambling Authority to assess the consequences of the temporary regulation for public health,” remarked the regulator in its interim report.
“It is also not possible to determine what the development would have looked like had the provisional regulation not been introduced.”
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One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.
Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.
Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.
Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.
Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”
Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”
Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”
This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.
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