This story was published more than 2 years ago.
This week the government of Sweden proposed breaking up it's state owned monopoly on gambling services, allowing for potential licensing of operators in the popular betting market.
The government has had a monopoly in place since 1934, which has expanded from land casinos to lottery systems, and more recently, online betting. Breaking up the monopoly would allow offshore groups like Kindred (Unibet) and Betsson to officially offer games in the country, bringing in tax revenues in the process. The proposal would see operators paying an 18% tax rate on gross gaming revenues, bringing a healthy amount of money to the state.
Sweden has been working for years to find ways to liberalize the market within the country's borders, while working to comply with EU regulations.
A statement by the government proposal read, "The now proposed gambling legislation means that anyone active in the Swedish gambling market should do so with a valid license and that actors without licenses will be shut out."
Casino Listings News will keep an eye on this story and update as we learn more.