Dozens of Companies Submit Applications as Swedish Licensing Process Begins Dozens of Companies Submit Applications as Swedish Licensing Process Begins
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Key Takeaways
  • More than 30 companies have submitted applications to the Swedish Gambling Authority (Lotteriinspektionen) for a gambling license.
  • Among the companies to apply for a license on the first day were Swedish-facing online operators Betsson, Expekt and Svenska Spel.
  • Unibet’s parent company Kindred Group has also applied for a license in Sweden.
  • Operators that want to hold a license for gambling must pay SEK 400,000 ($43,670) and SEK 700,000 ($76,420) for both gambling and betting options.

More than 30 companies have submitted their applications to the Swedish Gambling Authority for a license in Sweden, in light of a new gambling act and license system that will come into force on January 1, 2019. The window for applying a gambling license opened on August 1.

Under the terms of the new gambling act that will give Sweden a new, re-regulated gambling market from next year, any company (including offshore operators) that wishes to offer gambling and betting services for real money in Sweden must hold a local gaming license. The licenses will be valid for five years, and licensed operators will pay 18% taxes on gaming revenue.