Lotteriinspektionen issues five more gambling licenses ahead of the reorganization of the Swedish gambling market
The Swedish gambling authority, Lotteriinspektionen, has given the nod to five more gambling companies to operate in Sweden’s reorganized gambling market, the regulator itself said in a statement from earlier today.
The Scandinavian country’s new gambling law is set to come into force in less than a month and Lotteriinspektionen has recently begun issuing licenses to companies interested in operating in Sweden under the new regime.
According to the regulator’s statement from earlier today, online gambling operator L&L Europe received its license for the provision of online casino games this past Friday. L&L will enter the Swedish gambling market with the Fun Casino, Norge Casino, and Yako Casino brands, among others.
News about the operator being given the green light to expand its footprint in the soon-to-be-reorganized Swedish market arrive shortly after it announced the closure of four brands as part of its strategy to “prioritize and allocate resources in the most efficient manner.” Adler Casino, All Irish Casino, Free Spins Casino and Svedala Casino are set to close down on January 1, 2019. The four online casinos stopped accepting new players from December 1.
Four More Companies Awarded Licenses from Lotteriinspektionen
Four more operators received licenses from the regulatory body today. These were Bayton Limited, Dumarca Gaming Ltd., Genesis Global Limited, and Enlabs AB. The first three companies were granted licenses for the provision of online casino games, while Enlabs AB is now authorized to operate online casino games and sports betting.
Beyton will operate in Sweden with the Jackpot City Casino, Ruby Fortune, and Spin Casino brands. Dumarca Gaming is the owner of Vera&John and Inter Casino. And the brands Genesis will enter the newly regulated Swedish gambling market include Vegas Hero, Casino Cruise, and Sloty, among others. As for Enlabs, it will operate in Sweden with the Optibet, Best Poker, Best Casino, Best Bet, and Best Bingo brands.
According to the latest information released by Lotteriinspektionen, so far a total of 31 gambling operators have been issued licenses to operate in Sweden ahead of the enforcement of the country’s new gambling law. The regulatory body will continue issuing licenses in the coming days and weeks.
Lotteriinspektionen opened the license application process in August, urging operators to apply for a license as quickly as possible as applications would be reviewed in the order they were submitted to the regulator.
Major gambling operators bet365, GVC Holdings, and LeoVegas were among the first to receive licenses from Lotteriinspektionen. The Stars Group, Videoslots, which was recently fined £1 million by the UK Gambling Commission, Mr Green, and Bethard were, too, issued licenses later on.