Five more licensed operators appeared in Sweden

The number of new online gambling licensees in Sweden has increased by five operators, including the parent company of PokerStars - The Stars Group (TSG).

The Swedish gambling regulatory agency Lotteriinspektionen, which will soon be renamed to Spelinspektionen, has issued five additional licenses to operators. The new regulated gambling market in Sweden will start on January 1, 2019.

The work permit was issued to a TSG subsidiary - TSG Interactive PLC, which plans to provide Swedish players with the opportunity to play online games and make bets on sporting events using the domains associated with the PokerStars, Full Tilt and BetStars brands.

Another licensee was Betclic Everest Group, a subsidiary of Expekt Nordics Ltd, which also plans to provide platforms for online games and the ability to place bets. The Maltese operators Betway Group and Tipwin chose a similar functionality, who plan to work through the domains Betway.se and Tipwin.se, respectively.

The latest licensee was Mandalorian Technologies Ltd based in Malta, which plans to create an online casino site using Noaccountcasino.com and Prankcasino.com (weird domain names tho).

The first 16 online licensees were announced last month. Lotteriinspektionen has issued a total of 23 licenses. Previously, the regulator stated that 70 applications had been submitted for consideration. Representatives of the regulator want to approve most of them before the launch of the market.

Although in Sweden it was a long time to ponder over the legalization of online gambling, the government managed to adopt a correct and effective set of rules for regulating the new market. It was decided to allow a full range of services for online gambling at a tax rate of 18% of total GGR. The authorities hope that this will help attract visitors to Swedish, rather than foreign, online gambling sites.

Suggested Reading - Melco’s first “satellite” casino in Cyprus opens in Nicosia