The Gambling Act, 2019 changed the legislation for online gambling in Sweden, which entirely modified the picture of Swedish casino games. Swedes now can play Swedish casino games unlimited with some of the best online casinos in Sweden as well as offshore.
The players who are new to Swedish casino games might be in a dilemma while choosing a reliable website. We are here to guide you while picking a website to play Swedish casino games. There is no need to waste time and get confused about choosing the right online casino.
Dawn of a Swedish Casino
In Sweden, gambling is said to date back to the period when the Vikings controlled the territories. Legend has it that, back in the 11th century, the Swedes even used a dice game to win a land dispute against Norway. The first horse racing event was introduced in the 19th century, with the first gambling regulatory body set up in 1934. It came into effect to combat unlawful betting in Sweden on horse racing. All gambling was state-run in the nation at that time.
Viking Lotto was introduced as a parallel lottery in several Scandinavian countries in 1993, and the Lotteries Act was passed in the following year. Lotteries have come under state regulation, just like horse betting. In 1996, Net Entertainment (NetEnt) was launched in Sweden as one of the leading European providers of Swedish casino games. Svenska Spel was formed in 1997 after the merger of two state firms, The Money Lottery and The Tip Service (Tipstjänst). This gave way to a single monopoly running web portals, bingo halls, and betting outlets. This was followed two years later by the Casinos Act, which led to the opening of four casinos by Svenska Spel.
When the big UK betting giant, Ladbrokes, sought to set up operations in Sweden, a reform began, but the Swedish Supreme Court quickly stamped out its attempts. A few years later, amid a restriction on overseas operators, a government investigation found that there was no way to ban offshore sites offering casino games for Swedes.
There were many unsuccessful attempts to make changes in the gambling regulations in 2014 when the European Union (EU ) lead Sweden to court for defiance of businesses in effect over online betting. By 2017, the first policy was put forward in Sweden for a new gaming bill that eventually paved the way for the Swedish Gambling Authority to approve licence applications from both EU and foreign casino operators. Online casinos within the EU jurisdictions are now prevalent among Swedish casino games, such as those from the UK and Malta.
Gambling laws for a Swedish casino
Sweden made online gaming at EU-based casinos legal after much hither and thither with the European Union, and probably a change of heart. When Svenska Spel started losing market share to foreign casino operators, It caused a stir in the system. In Norway and Finland, the Swedish Government has seen the success of the gambling tradition, realised that monopoly was no longer a viable strategy.
The Swedish Gaming Authority began accepting licence applications from offshore providers from Jan1, 2019. The providers can apply for six different types of licenses. It is somehow easier for the players to benefit from the rewards and bonuses from the Swedish casino games.
Benefits of the new Gambling Laws to play Swedish casino games
Players in Sweden can make the most of all the rewards and bonuses with the latest legislation. All the Swedish casino games have been reset for all types of bonuses, and they are now equally available for the new as well as existing players. For anyone who was already enrolled and earned welcome bonuses, these are additional bonuses. This also involves every Swedish casino already existing in the EU. This new law applies to both online and offline casinos. It will give private operators a reasonable chance in terms of marketing and advertisement to compete with Svenska Spel on an equal basis.
The main purpose of the new legislation, aside from an improvement in government revenue, is to create a more secured economy. It focuses on enhancing the safety of customers, the security of games and creating consistent market conditions. As a result, illegal gambling and match-fixing come under a serious crime and has a strict penalty and punishment.
The safest way to double your money is to fold it over once and put it in your pocket.Kin Hubbard
The best Swedish casino games software providers
Online casino games are pretty wilted without a good software provider. Players are attracted towards the HQ graphics, thrilling sound effects, and real-life animation. This is all impossible to bring forth without good software. The top-notch online gaming companies or casinos believe in working hand-in-hand with the best software providers to attract more and more players to their sites. Here is a list of the best software companies offering a wide variety of high-quality games.
- Play’n go
- NYX Interactive
This is not a surprise package that Swedish people were ahead of the changes brought to them with their remarkable education system and a keen eye for research and improvisation. Stockholm is widely known to host a well-to-do rank and file in tech talent. They are known to emboss their names in the history of tech-world around the globe.