Betsson Group receives gaming licence in Sweden - Betting News | Sports News | Casinos News | Gaming Reviews

Betsson Group receives gaming licence in Sweden

Prominent online casino operator Betsson AB has announced that players in Sweden will soon be able to legally enjoy its Betsson , SverigeAutomaten  and NordicBet domains after it became one of the first to receive an iGaming license from authorities in the Scandinavian nation. Momentous milestone: According to an official press release published by European Gaming Media and Events, the operator detailed that the reward for its home nation is to become effective from the first day of 2019 and remain valid for a full five years. It further explained that the authorization is to take its combined tally of licenses up to twelve following the earlier receipt of such approvals from regulators in jurisdictions including Malta, Denmark and the United Kingdom.

One of the first: Betsson is moreover responsible for the domains at OranjeCasino , Betsafe  and Casino  and it stated that the license from the Swedish Gambling Authority includes a provision that will see it pay an 18% gross gaming revenue tax. The award follows the June passage of legislation that has been designed to deregulate the iGaming market in Sweden with fellow Stockholm-based Online Casino Malaysia operator LeoVegas AB also among those to have been recently licensed.

Second time lucky: Stockholm-listed Betsson AB earlier revealed that it had unsuccessfully applied for a Swedish iGaming license in 2006 while the firm’s Chief Executive Officer, Pontus Lindwall, used an official August press release to proclaim that success this time around would enable his firm to ink local advertising and sponsorship deals and possibly increase the size of its Swedish workforce.

Lindwall’s statement read… “It is good that Sweden has opened up the gaming market to free competition in a controlled environment. We look forward to operating in our Swedish home market as a recognized operator on equal terms.”

Popular News

Hamilton
Hamilton: Maintaining record of win in every F1 season has "zero importance to me"
26 September 2022
Lewis Hamilton, Mercedes Formula 1 world champion, claims furnishing a victory every...
Toto Wolff
Wolff: Red Bull building its own F1 engine "very bold"
26 September 2022
Toto Wolff, Mercedes Formula 1 boss, believes Red Bull pursuing its own engine plans...
Esteban Ocon Alpine Alonso
Ocon: Only Hamilton has done a better job than me
26 September 2022
Esteban Ocon, Alpine's Formula 1 driver, is disappointed on the least appreciation...
Napoli-celebrate
Opportunity For Underdogs To Win Italian League Serie A
26 September 2022
There is something quite interesting from the Italian League Serie A standings until...
Share on facebook
Facebook
Share on twitter
Twitter

SHARE THIS ARTICLE WITH FRIENDS

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on google
Google+

Leave a Comment

Your email address will not be published.