How has the Swedish gambling regulation affected the industry so far?
Gambling industry in any part of the world has to follow a set of rules and regulations. This post will cover more about the rules governing the Swedish gambling industry and discuss how these regulations are affecting the industry as a whole.
Sweden has three government-run land-based casinos and they started offering online gambling services with the rise of the internet. The laws governing gambling have remained rather strict for independent companies looking to take root in the Swedish gambling industry.
The Swedish government has strict rules and regulations to govern gambling.
The Swedish gambling market has been messy for many years. The law was amended and new legislation was added allowing licenced gambling companies to operate in Sweden. Spelaspel works hard to ensure that they only promote casinos with a Swedish licence.
The new gambling act was introduced in 2019. It allows a company to operate in Sweden if they have a licence and complies with the set regulations. The changes ensured the country could benefit from millions of money in taxes collected from both the gambler and gambling industry. In addition to the changes above, the gaming authority introduced additional clauses against match-fixing and money laundering.
Online gambling in Sweden became legal in 2002. The Swedish online gamblers were operating on an unregistered market for more than 15 years. Now the Swedish gambling authority has the right to approve or disapprove any form of gambling.
The Swedish gambling regulation has affected the industry.
The Swedish Gambling Authority has made sure all the gambling companies in Sweden are licenced and comply with the set rules and regulations.
The new regulations allowed licenced gambling companies to operate in Sweden. The majority of the gambling firms provide incentives such as a casino bonus and other promotions to attract new players.
The Swedish gambling industry has seen steady growth due to an increase in the number of gamblers and better advertising channels. Gambling companies can advertise their services openly and freely now, provided they are licenced and comply with the regulations set by the relevant authorities.