Home / Gambling / Business News / Sweden will tighten gambling legislation from January 2019

Sweden will tighten gambling legislation from January 2019

The Swedish Government has introduced a new gambling law, including updated regulations for the gambling market. The draft law has already been submitted to the European Commission for consideration and will enter into force on January 1, 2019.

The new gambling rules should be designed as a licensing system, whereby all those who provide games on the Swedish gambling market must be licensed. Unlicensed providers going forward will not have the right to provide games. The law will apply to all gambling in Sweden, including online.

It is also proposes a new gambling tax on licensed games of 18%. Games for public/social purposes (“allmännyttiga ändamål”) shall continue to be tax exempt. Licensing for activities will be issued for a period of 5 years. Operators who do not adhere to license obligations will be fined 10% of the annual income. The activity without a license will be punished with more significant fines or imprisonment.

Follow us on

Check Also

Sports betting market In France off to flying start in 2019

The sports betting market in France is booming as the sector recorded a massive 52 …

Partypoker confirms 94 bot accounts closures

Partypoker has published the second update in what it promises will be a series of …

Leave a Reply

Your email address will not be published. Required fields are marked *

Show Buttons
Hide Buttons