SBC News Lotteriinspektionen secures extra budget ahead of Swedish licensing window opening

Lotteriinspektionen secures extra budget ahead of Swedish licensing window opening

Sweden’s national gambling regulator Lotteriinspektionen has confirmed that it has secured an additional SEK 19 million (€1.8 million) in operating budget to expand its resources ahead of Sweden opening its newly licensed market on 1 January 2019.

The update sees Lotteriinspektionen total year budget increased 37% to SEK 70 million (€6.7 million).

This April the Swedish government, published its revamped national gambling policy framework, updating industry stakeholders on pending policy, taxes and licensing procedures which will be attached to Sweden’s revamped gambling market.

The majority of tier1 online gambling operators have previously disclosed that they will move to enter the licensed Swedish market.

Entering 2018, Camilla Rosenberg the Director General of Lotteriinspektionen warned Swedish parliament that her organisation faced a ‘tough timetable’ to meet the 1 January 2019 ‘opening market’ target date.

Rosenberg further pointed out that Lotteriinspektionen would need an IT system and headcount increase to meet the licensing demands of it new market applicants.

Check Also

SBC News Kindred charged with SEK 10m lawsuit by Odd Molly founder 

Kindred charged with SEK 10m lawsuit by Odd Molly founder 

Swedish Media reports that Kindred Group faces a high-profile Stockholm legal challenge summoned by fashion …

SBC News Swedish clinic sounds alarm on rising incidence of female problem gamblers  

Swedish clinic sounds alarm on rising incidence of female problem gamblers  

Spelfriheten, a Swedish clinic that specialises in outpatient treatment for gambling addiction,  has reported a …

SBC News EGBA lauds positive EASA assessment of Responsible Advertising Code.

EGBA lauds positive EASA assessment of Responsible Advertising Code.

The European Gaming & Betting Association (EGBA) has underscored the significant progress in standards and …