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Compliance Updates

Sweden to execute new licensing scheme

Athira A

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Sweden to adapt new online licensing scheme
Reading Time: 2 minutes

With the standstill period for the European Commission and member states expiring yesterday, a new path has been paved for the execution of a  new licensing scheme in Sweden.

It is anticipated that the online gambling world in Sweden would adapt to the new licensing scheme by January 2019 with the expiration of the standstill period set for legislation review by the European Commission and other member states on March 20. A copy of a draft gambling legislation to the European Commission for vetting was sent by the government of Sweden in mid-December. The three-month window gave the member states the opportunity to comment on the draft and establish if it was in sync with the EU treaties or not.

Back in December, the Swedish government disclosed about its confidence in the new market launch date set for January 1, 2019. Moreover, it said that it could start accepting application for new licenses by July 2018.

Lotteriinspektionen, the Swedish gaming regulator, has been showing for months that internationally licensed online operators have been expanding their services in Sweden and now control one-quarter of the overall gambling market. While the new legislative piece gives the state control over lotteries, land-based casinos and gaming machines, the online sports betting sector, casino, bingo and other online products would be open to applicants that meet the required regulations. The licenses would be valid for five years, and licensed operators would pay 18 percent taxes on gaming revenue.

One of the biggest changes would be that servers must be based in the country, even if some exceptions can be made for those who are in jurisdictions that Sweden accepts. Those who are based outside the European Economic Area have to establish a representative in the country. The opening of the online market comes with a tougher regulations, such as a strengthening on the control, as it is believed that consumers being better protected give more chances of a clean industry: gamblers must be 18 years to participate in wagering, except those who enter land-based gambling facilities, which will be required to be 20 years or above.

Operators that do not meet their license obligations can revise fines totalling as much as 10 percent of their annual turnover. Unauthorised operators offering services to Swedish players, or even those who promote the services, can face higher fines and prison time. The Swedish government also gives the chance to licensed online operators to promote their products without any type of punishment, as long as they are not targeting minors. If an operator signs a sponsorship with a sport team, it has to make sure that the logos and brand names do not appear on products targeted for minors.

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Compliance Updates

FansUnite Entertainment Applies for U.K. Gambling Licenses

George Miller

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FansUnite Entertainment Applies for U.K. Gambling Licenses
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The licenses will enable FansUnite to serve as a B2C gambling operator and a B2B technology provider in the U.K. marketplace

FansUnite Entertainment Inc. announced that its subsidiaries, Askott Entertainment (Malta) Limited and E.G.G. Ltd., have filed applications for both Business-toBusiness (“B2B”) and Business-to-Consumer (“B2C”) gambling licenses, respectively with the U.K. Gambling Commission (“Gambling Commission”).

The U.K. Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain in partnership with licensing authorities.

As part of FansUnite’s expansion strategy, the Company has applied for a remote gambling software license, which will unlock its suite of betting products to operators in the U.K. online gambling market. In addition, EGG Ltd. has applied for a remote betting license which will permit it to deploy its B2C wagering platforms in the United Kingdom.

These applications represent a critical step for FansUnite to expand its operations to the U.K., a jurisdiction that is considered to be one of the largest gambling markets in the world.

“The U.K. gambling licenses are widely regarded as the gold standard for lawful gaming operations and we are pleased to have formally submitted our application with the commission,” said Scott Burton, Chief Executive Officer of FansUnite. “The first step to our expansion in the U.K. is to obtain the relevant licenses from the country’s Gambling Commission, which will allow us to license our betting solutions as well as operate our B2C betting platforms in the United Kingdom. By doing so, we will be in a position to advance our operations to capture market share in one of the most lucrative online betting markets in the world.”

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Compliance Updates

Parimatch became the first company in Ukraine to receive permission for a betting license

George Miller

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Parimatch became the first company in Ukraine to receive permission for a betting license
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After signing a law on the legalization of gambling, Ukraine moved closer to regulation’s European gambling market standards. Parimatch received the first official Ukrainian permission for a license for betting activities in Ukraine.

On August 13, the law on the legalization of the gambling market came into force – one of President Volodymyr Zelensky’s promises to the people of Ukraine. After 11 years, the gambling business emerged from the shadows, and the state finally brought the country’s betting industry regulations in line with those of Europe.

Parimatch became the first licensed operator in Ukraine. The license allows the company to legally provide betting services, casinos, and poker, which will generate tax revenues to the state budget. The Ukrainian license became the 5th for the international holding Parimatch.

Restarting the gambling market according to European standards will catalyze the inflow of international investments into the country. Parliamentarians have already stated that in 2021 alone, the budget of Ukraine expects about 255 million euros in revenues from the gambling industry. The state will direct the money received from the sale of licenses to support socially significant areas such as medicine, culture, and sports. The influx of foreign investors also contributes to developing of technologies that will give Ukraine the impetus to compete in the international entertainment market.

“Work still remains to be done on reforming tax legislation before the Ukrainian market becomes attractive to foreign investors. Taxation should be transparent and logical so that it doesn’t create additional obstacles for foreign investors. At this stage, the cost of licenses for various types of gambling activities is so high that, together with taxation, it does not make investments in the nascent Ukrainian market attractive. So Ukraine could lose the competition in terms of investment to other countries. Under favorable legal conditions, specialist market capacity and qualifications will allow Ukraine to become a gaming hub for the Eastern Europe region. Like Malta and Manila, Ukraine now has the potential to become a center of expertise for gambling entertainment.” – Managing Partner of Parimatch Holding Maksym Liashko

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Compliance Updates

Kansspelautoriteit Publishes Licensing Trademark for Dutch Online Gambling

Niji Narayan

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Kansspelautoriteit Publishes Licensing Trademark for Dutch Online Gambling
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The Netherlands Gaming Authority Kansspelautoriteit (KSA) has revealed its “licensed trademark” that operators must display across their digital portfolios as a duty of the “Remote Gambling Act” (KOA Act).

Approved KOA operators must display the “Vergunninghouder Kansspelautoriteit” (Licensed by Kansspelautoriteit) trademark on their website and mobile app download pages.

Dutch consumers must be able to click on the trademark and be redirected to the KSA licensing page, informing the user of the KOA operators’ full licensing provisions.

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