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Swedish Online Gambling Re-regulation Gets 22 Takers

Swedish online gambling (Image: Betsson) Among them were notable industry pioneers with Swedish origins, such as Betsson and Expekt — companies exiled from their home country for the best part of 20 years under the previous monopolistic system. According to iGamingBusiness, up to 70 license applications are expected to be made before the new rules come into effect on January 1, 2019. Sweden’s so called ‘re-regulation’ will break the longstanding government monopoly and open the market for the first time to international operators. These new operators will be taxed at 18 percent and will be required to adhere to “strict requirements for moderation in marketing gambling.” Also among the applicants yesterday was state-owned former gambling monopoly Svenska Spel. The government resisted calls to privatize Svenska Spel and its state-owned land-based casinos, which has irritated some potential licensees. While Svenska Spel’s online gambling operations will join the new competitive market, its land-based operations will remain tax free, as “state-owned games.” Some operators believe this gives it an unfair market advantage.

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