Gaming Innovation Group announced that it had been granted a licence by Splinspektionen to provide gambling software in Sweden.
GiG has received the approval ahead of the new regulations in Sweden that require all B2B Software providers on the Swedish market license their technology in accordance with the updated legislation. The new regulations are set to take effect on July 1, 2019.
Claudio Caruana stated that: “As the regulators continue building more robust requirements for industry suppliers and operators we will continue our efforts to ensure the development of technology and procedures puts us at the forefront of matters of compliance.”
Since its launch in Sweden, GiG, which is listed on NASDAQ Stockholm has powered several partners, including Suprnation’s Lucky Days, Betsson Zecure and Suprnation.
The platform provider now has a license in more than 29 regulated markets, with eight others to be added soon.
GiG’s Chief Commercial Officer, Marcel Elfersy said: “We are active in Sweden and have been for many years. We have a good understanding of the market needs in Sweden.”
Our platform and sportsbook are well-suited to the increasingly complicated regulatory environments in Sweden and we look to continue to power sustainable growth there with our depth experience, leading software, and dedicated, localised services.
GiG announcedit had taken “a multitude and impressive steps” forward during Q1 that “contributed to creating excitement within the company of further potential”.
