AI Summary
Sign in to listen

Norsk Rikstoto fined NOK 2m, Norsk Tipping issued with warning

The two state-owned gambling monopolies have been found guilty of anti-money laundering failures - Norsk Tipping have been warned of a NOK 1m fine if these are not remedied.

3 min read
norsk tipping and norsk rikstoto fined and warned of fines by norwegian gambling regulator
Key Points
Norsk Rikstoto, the horseracing betting monopoly is fined NOK 2m ($197,000)
Norsk Tipping has been warned it faces a NOK 1m penalty
Both companies have until 15 January to respond

Norsk Tipping has been informed by the Norwegian Lottery Authority of its obligation to correct failures within its anti-money laundering procedures (AML).

The Norwegian Lottery Authority has observed the operator's processes and discovered five discrepancies - the company has until 15 January to respond to the notice, and it has been warned that a NOK 1m ($98,000) fine could be on the cards.

The other half of Norway's monopoly system is Norsk Rikstoto, which has exclusive rights for horseracing bets - it has not fared any better than its online casino gaming counterpart.

Norway's regulator has determined that Norsk Rikstoto should pay NOK 2m, also for violations of anti-money laundering laws.

However, she is not totally forgiving, adding: "the requirement came in 2018, and we expected them to have it in place."

On Norsk Rikstoto rule breaches, Klepaker said: "They have deliberately set aside absolute legal requirements that should enable them to detect and prevent money laundering."

The full decision cites six failures in the company's AML work, and on top of the hefty fine, it will be given a further NOK 50,000 compulsory fine for each day it fails to correct its offences.

Norsk Tipping is no stranger to fines - in October, an even larger NOK 10m fine was approved by the authorities after 47,000 players of the lottery were incorrectly informed that they had won excessively large prizes.

The organisation appears to have had a long-term issue in drawing lottery games incorrectly - when the scandal broke earlier in 2025, Tonje Sagstuen stood down as CEO - the company also had to pay a NOK 46m fine on this occasion.

Good to know

Norsk Tipping has just announced the appointment of Trond Bentestuen as its new permanent CEO

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
Ballys Analysis

Boom or bust: Which of Bally’s new US developments holds the most potential?

As the operator prepares to launch new casino-resorts in Las Vegas, Chicago and New York, recent concerns regarding Bally’s financials may cast doubt on each’s long-term potential. But which one offers the most?

7 min read • • By Kirk Geller
Fedbet analysis

Romania under pressure: Institutional stability should be a priority – Fedbet President

Global Gaming Insider speaks to Fedbet President Alexandru Domșa about Romania’s changing gambling landscape.

4 min read • • By Marieta Lezaic
Makeberry Affiliates Editorial

Makeberry Affiliates: Driving growth through stability

Oleksandr Kulyk, VP of Makeberry Partnerships, speaks to Global Gaming Insider about Makeberry Affiliates’ expanding portfolio, partner expectations and plans for SBC Summit and SiGMA Central Europe.

4 min read • • By Marieta Lezaic

In The News

View All
Hard Rock Tampa donations
[STANDARD IMPORTANCE]

Hard Rock Tampa donates $100,000 to local organizations for Hispanic Heritage Month

Each of the 10 local community organizations received $10,000 donations from the operator, as the month-long initiative looks to celebrate contributions of Hispanic and LatAm communities.

· Financial + 4