Just lately, Stockholm-based LeoVegas Group, a worldwide iGaming flagship that provides on-line casinos, stay casinos and sports activities betting, has been granted a five-year license to fabricate and distribute gaming software program by the Swedish Gaming Authority, the so-called Acquired 3 “B2B licenses”. in sweden. Nonetheless, these licenses, efficient from 1 July 2023, have been granted to the corporate’s sport studio, Blue Guru Video games, and his two platforms.
Sure corporations are required to acquire a Swedish license.
Licensing is essential in offering software program to licensed operators and is a vital step in stopping unlicensed gaming corporations from gaining extra affect within the Swedish gaming market.
On this regard, below the Swedish Playing Act, which can come into pressure from 1 July 2023, corporations that manufacture, present, set up or modify gaming software program utilized in on-line video games are required to carry a license.
Key gamers within the iGaming business:
Since its inception, LeoVegas Group has constantly strived for speedy development, evolving from an operator to an integral participant throughout the iGaming business worth chain via the evolution of video games and platforms. Moreover, the aforementioned he can proudly declare that he continues to maneuver in the suitable course with three of his five-year B2B licenses from the Swedish Gaming Authority. Nonetheless, as talked about above, these licenses had been initially given to Blue Guru Video games and his two platforms of the corporate (PAM). LeoVegas Group CEO Gustaf Hagman commented on the brand new license:We’re happy to announce the introduction of B2B licensing, a decisive step to scale back the affect of main gaming software program being provided concurrently to licensed and unlicensed operators concentrating on Swedish gamers. welcome. With new rules coming into pressure, it is necessary for authorities to give attention to suppliers who’re deliberately undermining Sweden’s licensing system by selling unlicensed video games. ”
On Might 1, LeoVegas Group revealed plans to amass Push Gaming, which can be licensed by the Swedish Gaming Authority and holds two B2B licenses. The acquisition is anticipated to shut within the third quarter of 2023.
B2B License System:
In 2019, the launch of Swedish gaming licenses marked a big change within the regulation and supervision of gaming corporations working in Sweden. As well as, the reform has resulted in important playing tax revenues, together with elevated regulation associated to advertising and marketing and shopper safety. Nonetheless, the B2B licensing system restricts the simultaneous use of key gaming software program for licensed Swedish corporations by unlicensed operators whose sole objective is to draw Swedish gamers. Rather a lot relies on the facility of the administration.
