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On Thursday online betting group Multilotto revealed that they've been granted an internet gaming license from Sweden's gaming regulator, allowing the group to offer games of chance online legally once the market's new betting laws go into effect on January 1st.
The licensing is the latest for Sweden, which has been doling out a bunch of licenses in order to get the country set up for the liberalized market. Multilotto is a bit different than most of the casino operators that are getting licenses, in that they provide access to lottery style games as well as casino options. The company uses an insurance policy style of business, where they're covered if a punter hits the correct numbers in a lottery game and win the jackpot.
Multilotto is based out of Malta and also holds licenses in the UK, Malta, and Ireland. They're primarily based out of Europe and seem keen to maintain expansion within regulated markets.
We're likely to see an influx of news as the market goes live, and we'll be sure to feed you the highlights.