Updated Legal Compliance: Swedish Regulator Grants Additional Nine Supplier Licences

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The regulator has issued gaming software licences to various businesses in anticipation of the mandatory requirement for all suppliers offering services to operators in the Swedish regulated market starting on 1 July. These licences have a five-year term and have been awarded to both well-known and lesser-known providers.

The following igaming providers have received licences: Arland Gesellschaft für Informationstechnologie mbH, Everymatrix Software, Hacksaw (including its subsidiaries Hacksaw Operations and Hacksaw Studios), Yggdrasil, Relax Gaming, and Thunderkick (which received licences for both their Swedish and Malta branches). These authorizations are in addition to the licences awarded earlier in the month to Synot Games, Skill on Net, and Norrköping AB.

Spilinspektion has received a total of 60 licence applications since the submission process opened on 1 March. The application fee for a B2B supplier licence is SEK120,000. The introduction of B2B licensing requirements aims to steer consumers towards the regulated sector by cutting off illegal operators from their technology providers.

While the domestic industry has not necessarily opposed these measures, there are doubts about their effectiveness in channeling consumers towards regulated providers. Gustaf Hoffstedt, the secretary-general of Swedish trade association Branscheförenigen för Onlinespel (BOS), expressed a generally positive attitude towards B2B permits in December but also acknowledged the lower expectations of the industry in terms of blocking the outflows from the Swedish licensing system.

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Karol Petersen is a distinguished writer with a fervent interest in the realms of gambling and online gaming. With a career spanning over a decade, Karol has developed a comprehensive understanding of the gambling industry, including casinos, sports betting, poker, and the burgeoning online gaming sector. Known for his meticulous research and engaging writing style, Karol provides readers with in-depth reviews, insightful strategies, and up-to-date industry trends. His work demystifies complex topics, making them accessible and enjoyable for both beginners and seasoned gamblers. Karol's articles are trusted resources, offering practical advice and expert analysis that empower readers to make informed decisions and enhance their gaming experience.
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