Just lately, Stockholm-based LeoVegas Group, a flagship international iGaming firm providing on-line on line casino, stay on line casino and sports activities wagering, acquired three five-year licenses, the so-called “B2B licenses”, by the Swedish Playing Authority to fabricate and supply gaming software program in Sweden. Nevertheless, these licenses, which is able to take impact from July 1, 2023, have been given to the Blue Guru Video games, the corporate’s sport studio, and two platforms.
Sure firms are required to have a Swedish license:
Licenses are one thing of a key significance for offering software program to licensed operators and a key step in stopping unlicensed gaming firms from strengthening their affect on the Swedish gaming market.
On this regard, taking impact from July 1, 2023, beneath the Swedish Playing Act, companies that manufacture, present, set up or modify sport software program utilized in on-line gaming should maintain a license.
An vital participant within the iGaming business:
Since its institution, LeoVegas Group has persistently labored in the direction of fast progress, which has led it to develop from an operator to an integral participant inside the iGaming business worth chain by means of the evolution of video games and platform. Furthermore, having now acquired the aforementioned three five-year B2B licenses from the Swedish Playing Authority, it might proudly state that it continues to maneuver in the suitable path. Nevertheless, as famous above, these licenses had been initially given to Blue Guru Video games and the corporate’s two platforms (PAM). Commenting on the brand new licenses, Gustaf Hagman, CEO of LeoVegas Group, stated: “We welcome the introduction of B2B licenses, a decisive step in the direction of mitigating the affect of key gaming software program being concurrently offered to licensed operators and unlicensed operators focusing on Swedish gamers. With the brand new laws in pressure, it’s now essential that authorities deal with these suppliers intentionally undermining the Swedish licensing system by facilitating unlicensed gaming.”
On Might 1, LeoVegas Group revealed its plans to buy Push Gaming, which can be licensed by the Swedish Playing Authority and possess two B2B licenses. The acquisition is projected to be completed within the third quarter of 2023.
B2B licensing system:
In 2019, the initiation of Swedish gaming licenses marked an vital reform for the regulation and supervision of gaming firms working in Sweden. Moreover, this reform strengthened laws associated to advertising and marketing and shopper safety, whereas offering notable playing tax earnings. Nevertheless, the B2B licensing system depends closely on the capability of the Swedish Playing Authority to restrict key gaming software program that’s for licensed Swedish firms for use concurrently by unlicensed operators whose sole goal is to lure Swedish gamers.
