New Swedish Regulations Attract International Operators

The government of Sweden and the country’s gambling regulatory body, Lotteriinspektionen, have recently begun introducing numerous regulatory changes to the Scandinavian nation’s iGaming landscape. The new gambling law was adopted by the Swedish parliament in June with a new licensing system being the centerpiece of this legislature.

Applications for new licenses will be accepted from August 1st onwards and the new system will be officially introduced on January 1, 2019.

This re-regulatory activity has spurred a great deal of interest from international operators who are lining up in greater numbers in attempts to secure their listing on the Stockholm Stock Exchange – the second-largest Nasdaq exchange in the world, only trailing behind the US one. This is according to Nasdaq vice-president, Adam Kostyal, which also operates this market.

Up to 100 New Listings

Kostyal has said that the nation could be adding as much as 100 new listings during this year:

“Of those companies that are from outside the region, about 30 per cent are companies that are “driven by the gambling sector,” he said to iGamingBusiness portal during iGB Live in Amsterdam “We’re seeing more and more international interest. Whether this develops or not, it’s looking very positive.”

This interest in Nasdaq Stockholm is largely driven by the activities taken by gambling operators, companies and investors. Also, Nasdaq Stockholm houses several companies whose value is more than €1 billion – Kindred.

A Prime iGaming Market

Sweden is arguably one of the most important markets for iGaming, not so much for its sheer size and strength of the demographics, but for the number of vital brands and companies hailing from the Nordic land.

Yggdrasil, NetEnt and Quickspin…

just listing their names is enough to understand what significance these brands have in today’s iGaming business.