The New Gaming Laws for Sweden
Recently, Sweden passed new gaming laws. These new gaming laws applying to casinos online and sports betting sites will take place beginning August 1, 2018. To receive a gaming license in Sweden from now on companies will need to pay a fee. This fee is collected by the Lotteriinspektionen. The fee can be hefty depending on the type of license the entity wants to achieve.
There will be two licenses available. These licenses will be the gaming license and the betting license. If, a company desires to secure a license under the new law, they will need to purchase one or both of the license types.
These license types can be SEK 400,000 for one. If a company would like to purchase both the license types, they can look to pay SEK 700,000. The license fee will be collected at the time the application is submitted. If, a company does not have the application fee, their application cannot be processed.
Beginning January 1, 2019, companies from countries other than Sweden will be permitted to apply for the gaming licenses. These companies will have strict rules to follow when it comes to offering their services in Sweden. One of these strict rules is the fact there will be many underage persons who attempt to use the betting and gaming services offered. It is up to the betting and gaming companies to weed out the underage persons attempting to use their sites.
The license for betting and gaming by companies outside of Sweden will be the same. If, these companies wish to offer services to the inhabitants of Sweden they will need to pay the same fees to the Lotteriinspektionen. The fee will be collected at the time the application is submitted. Without the fee the application for a gaming and betting license in the state of Sweden cannot be processed.
The Lotteriinspektionen understands there will be companies who attempt to operate within Sweden without obtaining a license. However, the Lotteriinspektionen will have stiff fines and penalties for any company who attempts to go betting and gaming business within Sweden and is unlicensed.
The new laws within Sweden regarding betting and gaming entities will mean many changes for the gaming and betting industry. Prior to the new laws being passed betting and gaming companies were not permitted to advertise their services. However, with the passage of the new laws betting and gaming companies who are licensed to do business in the state of Sweden will be permitted to advertise. The advertising rules and regulations will take effect August 1.
So, to recap the Lotteriinspektionen will be the go to for obtaining and maintaining your betting and, or gaming license within Sweden. There will be a fee to be collected when submitting the application. The fee will depend on whether you would like a betting license, a gaming license, or both. If, you continue to operate unlicensed you can expect to pay a heavy fine. This fine will be imposed by the Lotteriinspektionen.