We’ve been watching with interest as many European countries get their gambling laws in order and issue licenses for online casinos, and today it’s Sweden in the spotlight as they issue the first batch of new licenses for their newly regulated industry.
On Friday it was announced that the first lot of license would be issued with the first 16 licenses announced. There were some notable names, and some notable omissions too. Many names appeared in the list, some Swedish and some we are more familiar with including Casumo, LeoVegas, SkillOnNet and Tombola.
In addition to these big names, licenses were also handed to state-run former gambling monopolies Svenka Spel and AB Trav & Galopp, who are much more likely to be familiar names to Swedish players.
Some operators received licenses with two year terms, while others received the standard five year duration. Director General Camilla Rosenberg said these were cases “where we estimate that we need to follow the company extra carefully,” in part due to “past offenses in other markets.”
An Historic Day
Lotteriinspektionen director-general Camilla Rosenberg said it was an historic day for the game and praised her team for labouring under severe pressure to process the 95 gambling license applications it had received. 70 of these are for online operation, but so far just 16 have been handed out and announced.
The application window opened on 1st August and many operators have been rushing to be first in the market. With the licenses handed out and more to follow, Sweden is looking forward to having access to the online casino market.
Licenses become active on 1st January and on this date Lotteriinspektionen regulatory body will rebrand as Spelinspektionen.