Swedish Gambling Authority preparing for licensed market

21 Feb 2018

The Swedish Gambling Authority Lotteriinspektionen have made another move closer to regulating the local market as they have announced they will start accepting license applications as of July 1st 2018.

Nevertheless all regulations need to be approved by the country’s Government and Parliament as the existing Law is in need of immediate ammendment, clarified Camilla Rosenberg, Director-General of Lotteriinspektionen.

“The goal is that licensed applications can be sent to the Swedish Gambling Authority from 1 July 2018 and that the law will come into force on 1 January 2019,” said Rosenberg.

The new regulations and the licensing system demand that the authority installs a brand new IT system, double its workforce and adopt a brand new working processes.

The following timetable has been scheduled:

• Government draft bill including regulations to be ready on March. • Lotteriinspektionen tweeks for regulations will be available until the middle of March. • The Swedish Government will vote the law within May 2018. • Lotteriinspektionen will arrange information meetings regarding the application process mid-May 2018. • The license application window is expected to open July 1st 2018. • The new law regarding gambling will come into force 1st January 2019.

“Many operators who want to apply for a license are already making preparations based on the government’s proposed bill,” Rosenberg explained. “The awarding of licenses and the dates from which they will be valid will depend partly on the quality of the applications and when they are received by the Swedish Gambling Authority. We will make a comprehensive assessment of both the application and of the company behind the application”, Camilla Rosenberg added.

All applicants must adopt certain responsible gambling measures, customer protection and a strong security system in order to fulfil the criteria set by the Government and Lotteriinspektionen. The first guidelines for technical and general regulations will be distributed during March 2018.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS