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LeoVegas AB: Sweden’s parliament has decided on new gaming legislation in Sweden

George Miller

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LeoVegas AB: Sweden's parliament has decided on new gaming legislation in Sweden
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Yesterday, the Swedish parliament decided on the new gaming legislation in Sweden. The new legislation will enter into force on January 1, 2019 and is in line with the previous proposal.

In the new law, the game tax is set at 18% calculated on gross gaming revenue. It also introduces a central register for responsible gaming that allows customers to restrict themselves from all licensed gaming operators in the Swedish market.

“It is a long-awaited decision that will create a more sustainable gaming market in Sweden. In particular, I think that the central register is important as it will have a positive effect in responsible gaming, which is an area we continue to invest in. Our assessment is that the tax and the license requirements increase barriers to entry for new players, which benefits us with a world-class customer experience, efficient organization and strong brands. “comments Gustaf Hagman, CEO of LeoVegas Mobile Gaming Group. “

 

About the LeoVegas mobile gaming group:

LeoVegas’ passion is “Leading the way into the mobile future”. LeoVegas is Sweden’s premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. In 2017 the company passed the threshold for being classified as a unicorn, i.e., a start-up valued at more than USD 1 billion. A large part of this success can be credited to an extreme product and technology focus coupled with effective and data-driven marketing. Technology development is conducted in Sweden, while operations are based in Malta. LeoVegas offers casino, live casino and sports betting, and operates two global and scalable brands – LeoVegas and Royal Panda – as well as a local, multibrand operator collectively referred to as Rocket X. The company’s shares are listed on Nasdaq Stockholm.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Compliance Updates

Wazdan Receives Swedish Certification, Expanding Their Reach Further Through the Nordics

George Miller

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Wazdan Receives Swedish Certification, Expanding Their Reach Further Through the Nordics
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Wazdan is thrilled to announce the confirmation of their Swedish certification, enabling them to offer their games through Swedish operators.

Confirmed this month, Wazdan is now fully certified in Sweden and have already enabled their games through their existing Swedish partners, including Kindred, Mr Green, Hero Gaming, and more.

The Swedish Gambling Authority began to accept license applications under a new law, earlier this year, in an effort to liberalise the gambling market and open it up to private actors. Before this, gambling activities were state-owned and had come under criticism from the European Commission for being monopolised. Online, however, under EU law, Swedes had been able to play at online casinos for some time, but finally, in 2018, the government agreed to follow Denmarks lead: quash the monopoly and open up the market. The Swedish Gambling Authority is the authority tasked with ensuring the legality, safety and reliability of the Swedish gaming and gambling market. Their role is to provide consumers with the tools for fair gaming by maintaining a transparent and balanced gaming market, as well as reducing the potentially harmful social effects.

Opening up the market is not just good for game producers, like Wazdan, it is also positive for the players. The main objective under the gambling re-regulation is to create a safer market, with particular focus placed on improving consumer protection, and game security. With this, players will be able to pause their accounts easily, and there will be increased punishments for illegal gambling activities and match-fixing.

Wazdan continues to grow in the regulated markets, with licenses including the MGA, the UKGC, Romania and Curacao. The company is also certified to offer their products in Sweden, Latvia, Lithuania and Estonia. Market expansion comes at a great time for Wazdan and their operator partners, with the company recently announcing a slew of new game title releases, including Lucky Fish, Relic Hunters™ and the Book of Faith, Lucky Reels, Space Spins, Magic Stars 5, Space Gem™, Juicy Reels, and Magic Stars 6, as well as their main game of the year, Larry the Leprechaun.

“We are excited to announce our Swedish certification, which allows us to strengthen our position in the Swedish market and expand the reach of our games through our existing operators. The Swedish certification opens up doors for our team to increase what we offer our partners, and also to develop new relationships with operators to bring Wazdan high-quality games to the Swedish players,” says Andrzej Hyla, Head of Sales at Wazdan.

Keep up to date with the latest Wazdan news at: https://www.wazdan.com

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Compliance Updates

TOM HORN GAMING Content Available In Portugal

Zoltan Tundik

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The award-winning, Malta-based outfit is set to expand its business reach into the regulated Portuguese market after the supplier has secured a certification to supply its content to operators in this jurisdiction.

The supplier’s Portuguese offering includes its highly popular titles such as 243 Crystal Fruits, Frozen Queen, or one of the latest additions Sherlock. A Scandal in Bohemia among many others. Tom Horn Gaming will now be able to work with both its existing and new customers who are licensed in Portugal.

Ondrej Lapides, CEO at Tom Horn Gaming commented on yet another milestone in the company’s growth strategy: ‘We have been massively pushing into new regulated markets worldwide and the Portuguese certification ticks yet another box to set our foot firmly in a market with huge business potential. We want as many people as possible to enjoy our games and we look forward to exploring more new ground in Portugal going forward.’

Currently, Tom Horn is compliant to supply its gaming products to operators in the UK, Lithuania, Alderney, Serbia, Belgium, Gibraltar, Latvia, Estonia, Malta, with a multiple new jurisdictions to follow suit.

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Compliance Updates

Missouri Gaming Commission Considers Gaming Terminals as Illegal

Niji Narayan

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Missouri Gaming Commission Considers Gaming Terminals as Illegal
Photo Source: bmmagazine.co.uk
Reading Time: 1 minute

 

The Missouri Gaming Commission has deemed the gaming terminals illegal to slow the rapid-fire spread of untaxed and unregulated slot machines in Missouri.

The lead attorney for the Missouri Gaming Commission ruled that the terminals contain functions that make them “gambling devices,” which are prohibited outside of licensed casinos.

The ruling came in response to a question by the St. James Veterans of Foreign Wars Post 5608, which asked if having one of the terminals in their facility would jeopardise the organisation’s state-issued bingo license.

After testing the machine, the gaming commission said it would.

Although the gaming commission’s findings only apply to establishments that have bingo licenses, the decision comes as state and county officials are investigating what to do about the machines.

The terminals work like slot machines. A player inserts money, selects a game and decides how much to wager. Players who win money can cash out and get paid by the store cashier.

May Scheve Reardon, executive director of the Missouri Lottery told that she fears the terminals could divert money from the lottery’s games, which generate money for public schools.

Senate President Dave Schatz, R-Sullivan, also has pushed for legislation that would prohibit the machines and strip businesses of their liquor licenses if the terminals are present.

Dave Grothaus, executive director of the Gaming Commission said there have been discussions about whether state officials, like the commission, could use their licensing powers to strip businesses of their ability to sell lottery tickets or alcohol if they have the slot machines on their premises.

“Certainly that would be an administrative tool that the state could use to address the problem,” Grothaus said.

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