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Sweden awards first license for re-regulated market

The Gambling Authority in Lotteriinspektionen has granted the license applications for sixteen gaming companies, with country busy in its re-regulated market on the first day of next year.

It is hailed as “Historic Day”, the authority detailed a total of 95 license applications were received, 70 of which involved online games, before emphasising that this is the first in a line of decisions set to be brought forward.

“This is a historic day. I am very proud that the Lotteriinspektionen’s staff under severe pressure, with a whole new legislation, worked out the first license decision,” said Camilla Rosenberg director general of the Sweden Gambling Authority.

The Betsson group, who secured its license for online gaming and betting took total number held to 12 and commented in a media release: “The Gambling license enables competition on equal terms and gives swedish customers access to the games they desire under a Swedish regulation, which on the long term is positive for customers, operators and shareholders.”

” It is good that Sweden opens up the gambling market for free competition in a controlled environment. We look forward to operate on our swedish home market as organised operator on equal terms,” added Betsson CEO Pontus Lindwall.

“We Believe we have great opportunities to continue gaining market shares in the Swedish Market. LeoVegas is a company that operates on several regulated markets, and thus has the right tools And knowledge to create sustainable and strong growth.”

 

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