Sweden Votes Through Gambling Reform, Takes Effect January 2019

08 Jun 2018 – Sweden’s national legislature, the Riksdag, has approved a proposed legislation for the re-regulation of the country’s gambling market. The law is set to take effect on January 1, 2019 and will make it possible for international remote gambling operators to apply for a license from the local gaming authority and operate in a regulated environment. The new law, titled Re-Regulation of the Gambling Market (En omreglerad spelmarknad), is set to replace Sweden’s Lottery Act of 1994 and Casino Act of 1999. Under the country’s established laws, gambling services can only be provided by several state-run entities, with Svenska Spel being the largest one among these. The gambling monopoly system will be scrapped once the new gambling law is enacted. The Riksdag approved the legislative piece by a 282-19 majority.

Source: Casino News Daily