Swedish online casinos
The gambling industry in Sweden received a powerful push to development thanks to entering into force of new legislation in January this year. The changes affected the entire market environment, making it more attractive and profitable for investors. Now it is easier to obtain a license, launch your own online casino, and become a sponsor of any gambling event.
Swedish casino licensing innovations
The innovations touched upon other important aspects of the gambling industry:
1. Internet businesses and land-based companies are allowed to participate in sponsorship, place their logos on goods, advertise their services. Products for minors are an exception.
2. Personal data of gamblers must be collected and protected in accordance with the European GDPR regulation.
3. The regulatory authorities have tightened the rules for checking the quality of gambling establishments.
4. Licenses for gambling activities have become available to foreign entities.
The main advantages of the new law
The market split has given the go-ahead for foreign and local investors who had been eyeing the promising industry for a long time. The renewed segment is fully satisfied with the European Union which demanded to create a competitive business in Europe with high profits from gambling.
As for the Swedish government, liberalization has become an excellent opportunity for it to pump up the budget. According to preliminary calculations, its debit part should receive 15-20% of the gross income from the casino. This result can be expected due to the increase in the gambling business turnover tax which now amounts to 18% of the revenue.
“Changing legal aspects and leaving gray enterprises only made the gambling industry healthier,” the country's tax service representatives said. According to their estimates, the gambling industry in Sweden will only grow in the future, offering new opportunities for all market participants.
End users also benefited by gaining access to a variety of modern virtual resources. These are online casinos, sports betting sites, live casinos, poker tournaments and other solutions.
Online casino licensing
The Swedish executive body Lotteriinspektionen issues and renews licenses. The document is issued for 5 year period, after which it can be prolonged. The regulator distinguishes several types of permissions, and the license for online casino management costs €37,600.
Companies that want to engage in several types of gambling at once can obtain a comprehensive license. For example, the cost of a license for online betting and management of a virtual casino will cost €66,000 in total. The term for consideration of the application does not exceed 15 working days.
The best Swedish casino games — virtual slots, video poker, roulette, card games, bingo are available for playing in demo mode, without registration. Rating of online casinos in the Sweden is based on reviews, casino awards, high amounts of payments to players including jackpot payments, bonus programs, ease of accepting payments and the speed of payouts. Online gambling experts try to research as much reliable information as possible about the possibilities of casinos and gambling in order to get a rating of honest casinos in Sweden where there are maximum opportunities for real winnings!
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The following rating presents the best and legal online casinos in Sweden where only certified gambling controlled by a government agency is available: Svenska Spel, Slots Million, Slot V Casino, Rizk Casino, Yako Casino, Fun Casino, Vera & John SE, Casino Heroes, Betsafe, Kaboo Casino, Come On!, Guts Casino, Thrills Casino, Frank Casino etc.