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Swedish Gaming License

Info

The government of Sweden enacted the Swedish gambling Act on 7th June 2018, which was enforced from January 1 of 2019. The Act was enacted after the Swedish parliament's approval to restrict and regulate gambling activities. The Act offers both the player and their money from being exploited through shoddy gambling sites online and offline.

The gambling monopoly has been revoked with the Swedish Gaming License, with gambling businesses now grouped in three categories. These are Online gambling and betting, the state government sector, and the sector reserved for the public.

The Act provides taxation on the Swedish gaming license a fee of 18%. Every gaming casino and gambling site in Sweden must obtain the Swedish Gaming License or risk prosecution. Any gaming sites with the Swedish market as a potential space must also comply with the Swedish Gaming License. Otherwise, prosecution and ban are the consequence of an unlicensed gaming business. Nonetheless, computers and other pallor games are not included in the listing. Games that require the player's skills and expertise and not listed as covered in the new regulation on Swedish Gaming License.

Types of Swedish Gaming License.

The Swedish gambling Act provides the following types of licenses

1. Commercial online games: Any online gaming business within the Swedish market that is plainly based on chance and casinos falls under this category.

2. Betting - Games of chance where the outcome does not necessarily depend on the player's experience, skills, and expertise.

3. Land-based commercial games – the offline gaming shops that run the land-based commercial games of chance within the Swedish market are covered here.

4. Games played on the ships during international traffic are covered under this license.

5. Games reserved for the state.

6. Reserved games for public purposes.

Some conditions come with the Swedish Gaming License. The application for the license must be done through writing and in the Swedish language. The application must indicate the responsible person within the gaming enterprise for players' safety and the security of their deposits. As earlier mentioned, this is the main objective of the Swedish Gaming Act. Looking for license for online casino? visit starwarscasinos.com to know more about it.

The license life span is not indefinite. It remains valid through a period not exceeding six months. The licensing body reserve the right to decide which games are licensed to be provided by the enterprise applying for the license. You can renew the license under the same conditions and with a good rating on compliance. Any difficult gaming site to comply with the licensing regulations would risk the renewal of their license and even withdrawal of the same Swedish Gaming License.


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Swedish Gaming License

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Published on March 06, 2021

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