Sweden’s Riksdag has voted on new measures to be applied to the Gambling Act 2018, allowing the government to continue its reform of Swedish gambling’s standards, protections and market safeguards. Policy proposals were reviewed and recommended by Kulturutskottets, Sweden’s Cultural Committee, which submitted the ‘Enhanced Gambling Regulation Bill’ to the Riksdag for regulatory approval. This will see certain existing caveats …
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New Swedish government appoints Niklas Wykman as Gambling Minister
Ulf Kristersson, Sweden’s new Prime Minister has announced the remaining cabinet positions that will form the country’s new right-wing coalition government. The leader of the Moderate Party, Kristersson will govern alongside members of the Swedish Democrats (SD), Liberal, and Christian Democrats (CD) parties – the coalition that won Sweden’s General Election on 11 October. The Riksdag informed that Kristersson had …
Read More »Sweden to launch B2B software licensing regime from 1 March 2023
The Swedish regulator is working towards introducing a B2B licensing system from March 1, 2023, despite current legislative steps still having to be made regarding the process. Earlier this year, the country’s government submitted a number of proposals, which included B2B licensing, however, this has yet to be fully passed into law. The Spelinspektionen acknowledged that the requirement for a gaming software licence is …
Read More »Sweden: ATG recovery continues as sports betting softens horse racing decline
AB Trav och Galopp (ATG), one of Sweden’s more prominent and well-established operators, has revealed that its revenue remains lower than in 2021, but maintains faith in a continued bounceback. As outlined in its interim trading report, the horse racing, sports betting and online casino operator experienced a net gaming revenue decline of 2% between January and June 2022. The …
Read More »Swedish Moderates call for Svenska Spel split and sell-off
Sweden’s Moderaterna Party (Liberal Conservatives) have submitted a provisional mandate to the Riksdag, outlining plans to overhaul the country’s gambling regime. Ahead of the General Election on 9 September, Moderaterna has formed a four-party right-wing bloc that will challenge Sweden’s left-of-centre coalition government led by Social Democrat Prime Minister Magdalena Andersson. Should it win the Autumn elections and come to power, …
Read More »Shekarabi calls for a tightening of Swedish licensing duties
Ardalan Shekarabi, Sweden’s Minister of Social Securities, having drafted a raft of new safer gambling and consumer protection proposals, has seen them endorsed by the Swedish government. Addressing the media, Shekarabi stated that “the gambling market is where many Swedish consumers are vulnerable and therefore the government is right to take back control”. The minister has proposed “new controls to …
Read More »Spelinspektionen backs Swedish Consumer Credit inquiry
Sweden’s gambling inspectorate Spelinspektionen will support a special government inquiry examining consumer credit and concerns of public over-indebtedness. Announced last week, the Swedish government has commissioned an inquiry seeking to provide “measures to reduce predatory lending and counteract over-indebtedness amongst consumers”. The Swedish government stated that it held concerns at the excessive promotion of credit services, providing facilities to take …
Read More »Swedish addiction support charity calls for quick loans intervention
Spelberoendegruppen, Sweden’s non-profit organisation providing gambling addiction support services, has urged the government to implement ‘wider safeguards’ to protect national consumers from further gambling risks. The call was led by Spelberoendegruppen Chairman Omid Rezvani, speaking to public broadcaster Sveriges Television (SVT), in which he relayed the charity’s concerns with regards to ‘the marketing of online slots’ and that addicts could …
Read More »May to June 2020 in Review: Political whiplash follows Covid storm
Having navigated March and April’s COVID storms, the betting industry was served a political whiplash across European jurisdictions as the months of May and June saw governments order tighter customer controls across all gambling verticals. SBC – European governments order tougher controls on gambling’s compliance duties Following direct orders from the government, the UK Gambling Commission (UKGC) imposed a series …
Read More »BOS: Swedish market holds no balance on confronting the black market
Sweden’s Trade Association for Online Gambling (BOS) has branded the government’s proposals to extend temporary consumer restrictions on online casino wagering as illogical, with ministers devoid of the real-life consequences of their judgement. Sweden’s Riksdag has reviewed a raft of ‘Covid-19 protections’ proposed by the Ministry of Finance, which will see current weekly SEK 5,000 deposits limits and capped SEK …
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