The Swedish online gambling market is currently on a complicated transition path from being fully controlled by the government by its single gambling authority, which distributed a limited number of licenses and supports national monopoly, to becoming an opened field for foreign companies to enter and offer their services.
In this country, the history of gambling goes way back in time. The first card houses appeared in Sweden in the 1400’s. The first land-based venue offering roulette and basset opened its doors in 1700’s at Ramlosa Brunn and was extremely popular.
In mid 1800’s, however, gambling was banned altogether, and many placed responsibility for the banning on the intervention of church. Though the isolated industry began a century later, with legalization of the national lottery, Penninglotteriet. In the 1950’s, certain forms of other betting events gained their legal status, and among such were horse racing, lotto and gaming halls. With time, came the Lotteries Act of 1994 and the Kasinolag of 1999.
According to these documents, gaming is allowed, but highly regulatedUdabur Stock. All rights to licensing new titles belong to the Swedish gambling commission, Lotteriinspektionen. Around 50 types of games, among which are poker and blackjack, can be played.
Currently, only four land-based venues are legally accepting customers, and they are located in Stockholm, Gothenburg, Malmo, and Sundsvall. All of them belong to the government’s company Cosmopol, which in its turn reports to Svenska Spel. This institution holds a monopoly over the gaming market in the country.Agra Investment
The situation with Swedish gambling regulation has been at the center of many conflicts among the country’s government and the commission of the European Union since 2002. As of that year, according to the changes in the Lotteries Act, Svenska Spel gained control over Sweden’s virtual gambling market as well as the land-based one.
While the government insisted on the fact that this way it can control the nation’s addiction to the games of chances and direct the money earned in the industry to fund socially useful projects, the EU pointed out the facts that the monopoly is not the right way to solve the problem. What is more, it could not stop the off-country online platforms from targeting Swedish residents and offer their services.
Thus far, numerous debates led to a rumor that the situation could change dramatically after the year 2019. Liberalization of the market may begin with the Swedish gambling board starting to issue more licenses to both Swedish and foreign companies.
Currently, in order for the local gamers to use services of non-Sverige online gaming destinations, they need to pass registration and submit personal information, including phone and social security numbers. Users also need to have a local bank account and registered address.
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