Hello There, Steven here from EMPIRE Global
Partners, discussing the Swedish Online 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 for the first
time sought to regulate online gambling in Sweden and opened the possibility for licensing
to operate in the market. The games which can be offered under the Swedish Online Gaming
License are roulette, baccarat, punto banco, blackjack, poker and dice games. Most forms
of betting are allowed except betting on animals pitted against each other and certain other
types such as spread betting. An application for a Swedish Online Gaming
License has to be made to the Swedish Gambling Authority also called as Spellinspektionen.
The application can be made by a natural person or a Company. However, in case the applicant
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 fee for an application for a Swedish Online
Gaming License is SEK 400,000 for a commercial online gambling license and SEK 400,000 for
a betting license. The fee reduces to SEK 700,000 if both commercial online gambling
license and betting license are sought together. Renewal of any of the licenses mentioned above
requires a payment of a SEK 300,000. If you are interested in learning more about
a Swedish Online Gaming License and how it can help your business, please visit our website and contact us,
and one of our dedicated team of experienced professionals will assist you through the
entire process of obtaining a Swedish Online Gaming License.