Leap Gaming ready to jump into Sweden's iGaming market following approval
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After securing a "milestone" certification, Leap Gaming's virtual casino and sports content will soon be able to serve Swedish customers. Spelinspektionen, the Swedish Gambling Authority, has given its approval for the company to offer its offering to operators in the country.
Numerous big-namebrands are based in the Nordic country, including Evolution, Betsson and LeoVegas. Leap's European presence is only enhanced by its entry into Sweden.
Furthermore, Leap's growth trajectory continues with Swedish certification. This is due to several regulatory developments in the last months that span many jurisdictions such as Spain, Italy and the Netherlands.
Sweden is a potentially large market. Spelinspektionen reported in January that the percentage of Swedish citizens who gamble for money has increased by seven points to 86% by 2021.
Recent proposals by the Swedish government have raised the costs of operating in the country. On March 7, the Ministry of Finance published a memorandum that would have imposed a SEK120,000 ($12,046) application fee for a gaming license.
It also proposed to increase the cost of renewing a license for online gambling and betting commercially by doubling it from SEK300,000 to SEK600,000 ($31,000 to $62,000).
Leap claims that it is focused on providing cutting-edge products for the gaming industry worldwide. By constantly securing access to new markets, Leap is better equipped to fulfill this commitment.
The provider also entered into a partnership in February with Playtech, further expanding its reach. Playtech will be able to offer more titles thanks to the integration of Leap's games, including EuroLeague Instant Legends. Football Streak and NASCAR Streak.
Last December, Leap Gaming launched its casino content through ComeOn Group's platform, under its Malta Gaming Authority license and under Relax Gaming within Nordics. Leap Gaming partnered with ComeOn Group to offer its players a unique mobile experience that combines UI and graphics with features and promotional options.
Leap Gaming is a specialist in high-end 3D graphics. Its goal is to create games that are the best in realistic graphics. It is known for creating immersive, high-quality gaming content.
