Tight Timetable – Lotteriinspektionen moves to open Swedish licensing window on 1 July

first_img Share Spelinspektionen reminds operators of AML responsibilities July 2, 2020 StumbleUpon Share Related Articles Swedish gambling regulator Lotteriinspektionen has detailed that it will move to open its licensing application window on 1 July, as the government finalises its new online gambling framework.In late 2017, the Swedish government released a draft copy of regulatory provisions for its revamped national gambling policy.As yet Lotteriinspektionen has not presented its final tax plan for online gambling services. However, Swedish gambling stakeholders expect digital taxes to be set at a favourable 18% rate on operator revenue.The Swedish government still targets an implementation date of 1 January 2019 for its new gambling bill replacing the current 1994 Lottery Act and 1999 Casino Act.With regards to its licensing window, Lotteriinspektionen has stated that it will not place any limit on the number of applications by operators foreign or domestic. To date, the majority of listed European online gambling enterprises have stated that they will move to participate in the regulated Swedish marketSpeaking to Swedish media this week, Camilla Rosenberg the Director General of Lotteriinspektionen detailed that the regulatory body would expand its resources in order to deal with the market’s upcoming transformation.Despite a tight timetable, Rosenberg and Lotteriinspektionen will move to increase the regulator’s headcount and further upgrade its IT systems to deal with new market applicants.Rosenberg has stated to Swedish, that Lotteriinspektionen is confident of a ‘comprehensive regulatory framework for a significant and fast growing sector’. Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Submitlast_img

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