Swedish Supplier License Acquired by Yggdrasil
Published March 27, 2023 by Admin
Yggdrasil, a company specializing in online gaming solutions, has recently announced that it has obtained a supplier license from the Swedish Gambling Authority. This authorization will allow Yggdrasil to continue delivering its products and services to online gaming operators in the Swedish market.
Yggdrasil, a prominent publisher in the iGaming industry, has recently announced that it has secured a supplier license in Sweden. This permit is a mandatory condition for gaming software providers in the country following the implementation of new regulations that will come into effect on July 1st. Yggdrasil was one of the first companies to apply for the permit after the Swedish regulator started accepting applications on March 1st. On March 22nd, the company was issued the license, allowing it to continue offering its impressive portfolio of games to licensed operators in Sweden.
The acquisition of this permit is a significant accomplishment for Yggdrasil, given its established presence and rich history in the Swedish market. With this permit, the company will maintain its stronghold in the country's online gaming industry and continue offering innovative products and services to a wider audience.
Yggdrasil has long been at the forefront of iGaming innovation, consistently pushing boundaries and introducing cutting-edge technologies and features to the industry. This permit will allow the company to continue this trend, providing players in Sweden with access to some of the most thrilling and engaging games in the market.
Overall, Yggdrasil's acquisition of the Swedish supplier permit is a testament to the company's commitment to compliance and regulatory standards. As the industry continues to evolve and adapt to changing regulations, Yggdrasil is well-positioned to maintain its position as a leading provider of iGaming solutions in Sweden and beyond.
Petter Envall, General Counsel and Chief Legal & Compliance Officer at Yggdrasil, said:
Remaining compliant in all jurisdictions we operate is critical to us and has always been a key priority for Yggdrasil.
Sweden is one of our core markets, and the team was fully focused on submitting our application for the new permit as soon as the application process opened. Yggdrasil has a clear regulatory strategy focus, and we maintain very close relationships with our locally regulated operators. Yggdrasil encourages other vendors to apply for this license, and I would like to praise the Swedish Gambling Authority for a straightforward process for administrating these permits.
About Yggdrasil:
Yggdrasil is a leading innovator in the iGaming industry, dedicated to delivering premium slots and exceptional player experiences to top-tier operators, partners, and players worldwide. Their cutting-edge solutions are powered by YGG's agile and scalable technology, allowing for the seamless delivery of world-class games to a global audience.
The company's unwavering commitment to excellence is reflected in everything they do, putting clients, partners, players, and employees at the forefront of its operations. Yggdrasil operates on a proven and highly scalable business model, having experienced rapid growth since its inception almost a decade ago in 2013. This growth has been enabled by a strong corporate culture focused on innovation, creativity, quality, and technology leadership.
Yggdrasil's games have garnered a massive global following, with players, streamers, operators, and partners enamored with the company's offerings. With headquarters in Sweden and additional offices in Malta, Poland, and Gibraltar, Yggdrasil is a global company at the forefront of iGaming innovation.
