Three Providers Get First Gaming Licenses in Sweden
LISTEN TO THIS ARTICLE:Swedish gaming regulator Spelinspektionen has awarded its first gaming supplier licenses in the jurisdiction.
The 5-year licenses will allow its beneficiaries, including Skill on Net, Synot Games, and Norrköping AB, to continue offering their games and partnering with approved operators in Sweden.
The regulator has already set July 1 as the end date for all unlicensed providers operating in Sweden. Although the law that would enable this, the Enhanced Game Regulation Bill, is still in the committee stage in the Swedish parliament, Spelinspektionen confirmed that its stance on July 1 is unchanged.
Starting from D-day, any supplier willing to operate in Sweden would need a license. Operators will not also be able to feature titles from unlicensed providers.
So far, 60 suppliers have applied for the gaming licenses since it opened the submission process on March 1. Under the law, an application fee for a license costs SEK120,000.
Spelinspektionen affirms that the new rules are put in place to boost channelization efforts and reduce illegal gambling in Sweden.
Furthermore, the regulator also said that the proposals would not have any other significant effects on the “license or licensee’s working conditions, competitiveness or conditions in general.”
Sweden’s online gambling market went live on January 1, 2019, with 60 operators approved by Spelinspektionen, including PokerStars, bet365, and Betsson Group.
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