Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Unibet Gains as SEB Sees Delay to Regulation: Stockholm Mover

June 11 (Bloomberg) -- Unibet Group Plc gained the most in almost 10 months as Skandinaviska Enskilda Banken AB said the Swedish gambling market will probably face new regulations later than previously expected and raised its rating to buy from hold.

Unibet rose as much as 4.8 percent, the steepest intraday gain since Aug. 15, 2012. At 11:30 a.m. the stock was trading up 2.5 percent at 223.50 kronor in Stockholm, valuing the company at 6.3 billion kronor ($958 million).

“Recent comments by the Swedish minister for Financial Markets Peter Norman imply to us that Swedish gaming regulation will not be introduced until 2017,” Stefan Nelson, an analyst at SEB in Stockholm, wrote in a note to clients, adding the bank previously expected the introduction in 2016.

Unibet now has more time to strengthen its position in an increasingly competitive Nordic market, Nelson said.

To contact the reporter on this story: Katarina Gustafsson in Stockholm at kgustafsson@bloomberg.net

To contact the editor responsible for this story: Niklas Magnusson at nmagnusson1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.