Sweden Re-Regulation Of Online Gambling Takes Effect January 1Published December 28, 2018 by Sol FH
It will be an exciting New Year for Swedish online casinos in 2019, as re-regulation comes into effect.
It was years in the making, but the new regulatory laws of Sweden's iGaming industry will come into play on January 1, 2019. Online Casino Reports is ready for the pending changes and has vital information about what they will be, how they will affect Swedish gaming in 2019, private actors, and, what players in Sweden should know ahead of the New Year.
Key Legislation Points
For 2019 online casinos operating in Sweden, there will be an 18% tax from commercial gaming. The type of 'casino' authorized within Sweden's borders can include State-owned casino games, slots, and lottery games. But, online casinos and online bookmakers that meet the filing criteria can operate in Sweden's cyberspace. Swedish casino players that are over 18 years old will be able to gamble online, while landbased casinos require players to be at least 21.
The new regulations are intended to make the activity safer, with less risk of problematic gambling, fraud, laundering, and even match-fixing.
Online Casinos in Sweden
The "Lotteriinspektionen," (Swedish Gambling Authority) has led Sweden's new regulatory actions and will enforce them. Sweden is a huge market for online operators with many of the top content developers calling it home. NetEnt, Play'n Go, and Evolution, are three of the most apparent providers, but many casinos will be operating there too. Big brands like Betsson, Casumo, Jackpot City Casino, bwin, PartyCasino, Unibet, and SveaCasino have already received their license and will continue to provide Swedish players and Swedish punters with the services that they have enjoyed up until now.
Sweden is a very attractive hub for iGaming and will surely grow thanks to the new regulations. Unlike neighboring Finland and Norway who have decided to move to monopolize their respective industries, the Swedes are intent on opening their doors to the best in the business and watch as the Stockholm Stock Exchange grows thanks to the innovative companies that will do business there.
Online Casino Reports has the recommended online casinos in Sweden and news about any changes that the industry will face moving forward. It is not going to be all smooth sailing, as new regulations always change the previous dynamic, but you'll be the first to know.