Sweden is a country located on the Scandinavian Peninsula in northern Europe. Sweden is a country with a comparatively high quality of life, strong infrastructure, and the best system of healthcare and education. Sweden’s nature is stunning -Archipelagos, Biosphere Reserves, Nature Reserves, Rivers, Lakes, and National Parks. Sweden has a strong knowledge-based economy, well-integrated in global value chains, which ensures high standards of living, well-being, income, and gender equality, as well as high environmental quality to its inhabitants.
Swedish Gaming License Overview
On January 1st, 2019, the Swedish Gambling Authority was given the task of ensuring the legality, safety, and reliability of the Swedish gaming and gambling market. Hence, since January 1st, 2019 licenses are required to run online gambling and betting operations on the Swedish market. For each type of license, there are several supporting documents to be submitted.
The Swedish Gambling Authority is looking to make license application more streamlines and issued new regulations that were expected to enter into forces during 2020 but have been delayed.
Swedish Gaming license
Online Gaming in Sweden was deregulated through a new law called the Gambling Act which was issued in June 2018. The Gambling Act was immediately followed by a Gambling Ordinance which provided greater clarity to the provisions of the Act. The new legislation brought much-needed clarity to the Swedish Online Gaming sector and clarity on the exact requirements which need to be met to obtain a license. The licenses were first issued on 1 January 2019 and several new players have obtained the required licenses to operate in the industry.
The games which can be offered under the Swedish Online Gaming License are specified in the Swedish Gambling Authority’s regulations and general advice on commercial online gambling and betting which specify that roulette, baccarat, punto banco, blackjack, poker, and dice games can be offered under a commercial online gambling license, while most forms of betting are allowed except betting on animals pitted against each other and certain other types such as spread betting as specified in Chapter 8 of the Act.
What is the process to obtain a Swedish Gaming license?
An application for a Swedish Online Gaming License has to be made to the Swedish Gambling Authority also called Spellinspektionen. The application can be made by a person or a Company. However, in case the person is not a resident of the European Economic Area (EEA), then a person who is a resident of Sweden has to be elected as a representative under Chapter 4 of the Act. The licenses can be issued for a maximum period of 5 years.
The application have to be submitted with information about the applicant, directors, ownership structure, and other supportive documents.
How to obtain a Swedish Gaming License?
Empire Global has a team of experienced professionals who will assist you through the entire process of the Swedish Online Gaming License application including assistance in the preparation of documents, submission of application, and responding to any queries from the Authority. We request you to get in touch with Empire Global at the earliest to understand the entire process in detail and apply for a Swedish Online Gaming License.