LeoVegas Applies for Swedish License

This story was published more than 2 years ago.

Internet casino group LeoVegas has announced that they've applied for a Swedish gaming license, becoming the latest company to try and get in on the upcoming regulated market.

The company will look to join major companies also looking to join Sweden's newly liberalized market, which will see the country taking in some taxes. The country already is serving as one of the largest online betting markets in the world, but beginning on January 1st it will be officially regulated and players will be granted a level of protection. Currently, all sites offering services to Sweden are offshore groups.

Commenting on the application LeoVegas CEO Gustaf Hagman said, "While it has been known for some time that Sweden is introducing a local licence system, it is very exciting to formally submit an application and is something we have been looking forward to for a long time. Sweden's becoming a locally regulated market is a milestone for Sweden, the industry and LeoVegas. Now, for the first time, everyone can compete on equal terms in a regulated environment, where responsible gaming is a very important part. We believe we have great opportunities to continue gaining market shares in the Swedish market. LeoVegas is a company that operates on several regulated markets and thus has the right tools and knowledge to create sustainable and strong growth."

We've been following this story and will continue updating readers as we learn more about the licensing process.

Related casinos

CasinoJurisdictionRatingPlay
LeoVegas CasinoDenmark, Malta, Sweden

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
2 replies • Last post

Comments

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7348
Thanks given: 3971
Thanks received: 1092
26 August 2018 - 5:13pm
#1

No wonder a brand from the Leo Vegas calibre would be quite interested in dealing in one of the most solvent markets in Europe like the Swedish, so they could only benefit from that and I think no doubt they will.

lvblck
High RollerHigh Roller
Location: The North
Joined: 6 Apr 2016
Posts: 2894
Thanks given: 169
Thanks received: 855
28 August 2018 - 5:25pm
#2

That is no surprise at all. With Sweden being one of the main markets, I would expect LeoVegas to apply for the license.