New Bill Adopted by Government to Re-Regulate Gambling in Sweden

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Swedish lawmakers recently introduced a new piece of legislation in a bid to re-regulate the gambling industry within the country. Named as ‘A Re-regulated gambling Market’, the bill essentially signals to the creation of a fresh gambling act as well as a new and improved licensing system.

 

According to the new legislation, all the casino operators running in the Swedish market must essentially hold a certified license to do so. The government officials also reiterated that any casino facilities that fail to align with the aforementioned prerequisites will be duly shut down once the new gambling bill comes into force with effect from January 1, 2019.

 

With the SGA or Swedish Gambling Authority procuring a new set of hi-tech tools, the regulatory body will now be able to instruct the various different Internet service providers across the country to flash warning messages on all those online gaming operators that do not hold an authorized license for the same. In addition to this, the new gambling law also criminalizes any sort of promotion by unlicensed gambling websites including online advertising.

 

In an interview with the press, the minister for Public Administration, Ardalan Shekarabi, outlined that it is only through unregulated gambling that the country currently witnesses a spike in its cybercrime rate. He recalls that ever since the first ever inquiry was held in a suspected criminal activity involving gambling in the country 14 years ago, the government has come a long way in taking real actions against the perpetrators and restoring control over the Swedish gambling market.

 

Shekarabi further added that the new gambling bill will not only be limited to providing complete protection to the consumers against criminal activities but also help in curbing the adverse effects of gambling. The gambling bill will also comprise a new type of offense called gambling fraud and support the creation of a new cooperation council which will help in combating the problem of match-fixing.

 

All licensed gambling operators will be required to contribute 18% of their revenues as taxes to the government. However, any type of gambling that is carried out for a charitable or nonprofit cause is exempt from all casino taxation. In addition to this, all players that win on an unlicensed gambling website will also be required to pay a stipulated tax on their winnings.

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