Sweden to privatize gambling industry

Posted On 09 Apr, 2018 0

As per a report from Reuters, Sweden's government has proposed a move to transition from a state gambling monopoly to a privately-run online casino sector. The reason for the shift is that Sweden is having a hard time cracking down on offshore online casinos that offer games to its citizens. The legislation reportedly seeks an 18 percent tax on licensed online gaming operators.

“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,” a government statement said. The bill would still permit the state’s brick-and-mortar casino monopoly to remain intact.

There are only four land-based casinos in Sweden i.e. in Stockholm, Gothenburg, Malmö, and Sundsvall. The casinos are established and operated by Svenska Spel’s wholly owned subsidiary Casino Cosmopol AB, under a permit granted by the Swedish government. The restaurant casinos, operated by hotels and restaurants, consisting of around 600 tables in 500 different locations.

Bingo halls are operated by public interest associations, under licenses issued from the county administrative board.

Gambling machines can be found in both restaurants and bingo halls and are operated by Svenska Spel, who has a permit for a maximum of 7,000 gambling machines in restaurants and hotels, and 500 machines in bingo halls.

Tags

COMMENT

Event Dates Buy In
PokerStars Live Jeju Red Dragon 2018 30 Nov - 9 Dec KRW 2,200,000
PokerStars Live Manila MegaStack 7 Dec - 16 Dec PHP 30,000
Two of a Kind (December) 9 Dec - 9 Dec INR 5,500
Gayle Storm 4.0 9 Dec - 9 Dec INR 2,500
PokerBaazi Premier League Winter Edition 2018 10 Dec - 16 Dec INR 11,000
The Millionaire (December) 16 Dec - 16 Dec INR 5,500