Spelinspektionen, the Swedish regulator, announced today that it had issued its three first gaming supplier licenses.
Spelinspektionen, the Swedish regulator, announced today that it had issued its three first gaming supplier licenses. These five-year licenses were issued prior to July 1, when the regulator will require all suppliers to have such a licence.
This is despite the Enhanced Game Regulation Bill still being in the committee stage despite it having been authorized.
Spelinspektionen reported that 60 applications had been received so far since the submission process was opened by the regulator on March. The legislature decided to establish licensing requirements for suppliers att last November. This was done to help channelisation efforts and help undermining illegal gambling in Sweden, according to the regulator.
Operators will no longer be allowed to use suppliers who create, modify, or provide gaming software for illegal offers once the new regime is in effect. Three operators have been granted licences so far: Synot Games, Synot Games, and Norrkoping AB.
The application fee for a license costs SEK120,000 according to the rules. The Swedish government stated in March 2013 that it expected 70 software licenses to be issued before launch. This is similar to the 60 reported by Spelinspektionen that were applied.
The government stated that the licenses would have only a marginal effect on competition.
It stated that the proposals were not expected to have any other significant effects on the working conditions, competitiveness, or general conditions of licensees.