Sweden’s Parliament has unanimously approved a new Gambling Bill, which will allow gambling regulator Lotteriinspektionen to open up the country’s online gambling market
The Gambling Bill received backing of 93 per cent in Parliament with online tax being set at 18 per cent of gross gaming revenues. The new gambling law will come into effect from January 1 2019 with Lotteriinspektionen accepting applications from 1 August 2018.
Gustaf Hagman, CEO of Sweden-based LeoVegas, said: “It is a long-awaited decision that will create a more sustainable gaming market in Sweden. In particular, I think that the central register is important as it will have a positive effect in responsible gaming, which is an area we continue to invest in. Our assessment is that the tax and the license requirements increase barriers to entry for new players, which benefits us with a world-class customer experience, efficient organisation and strong brands.”