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In The News

Sweden To Clamp Down On Gambling Industry

In a move to clean up on unregulated gambling operations the Swedish government plans to implement a new legislation to regulate the industry by means of creating a new licensing program in order to deter illegal gambling establishments and at the same time protect the players. According to the official government website the cost of a license for online operators would run approximately $83,260 and would take effect as early as January 1St, 2019. The minister of public administration Ardalan Shekarabi was quoted as saying ““Unregulated gambling has taken over and gambling is used in criminal activities. It is 14 years since the first in a line of gambling inquiries was appointed. It is now time for us to move from words to actions and regain control of the Swedish gambling market. We are reinforcing the Swedish Gambling Authority, granting it more and sharper tools. Unlicensed operators will be shut out of the market and license-holders must conduct their activities in accordance with the law.” When the legislation becomes law it will help curb the control that criminal organizations have on the industry and at the same time raise revenue for the Swedish government.


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