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.