Overview of the Swedish Gambling Authority
The Swedish Gambling Authority is one of the newest regulatory bodies in the world of gambling. There is not much that can be said about their performance so far. However, we have that confidence that the Swedish Gambling Authority will rise through the ashes to become one of the top gambling authorities in Europe. They are already doing very well. So far, they have issued several licenses to some online casinos previously. Yes, there are not many regulators that have been able to achieve this in such a short time. Hence, this gives a clear indication that the Swedish gambling industry is about to hit its maximum and many gambling operators are already keying into the trend.
Responsibilities of the Swedish Gambling Authority
The duties of the Swedish Gambling Authority are spot on. It is all about the interest of the Swedish players. So, let’s take a look at some of the core functions of the Swedish Gambling Authority.
- One of the critical functions of the SGA is to provide Swedish players with the required tools to reduce to the barest minimum the adverse effects of gambling.
- Another critical function is to provide a sound and safe gambling environment in the country.
- The authority is in charge of issuing licenses for all forms of Gambling-related activities. Also, they are responsible for ensuring that all the license holders comply with the rules of the permit.
- Among other functions, they are also responsible for supervising and providing training to operators from time to time as the need may arise.
The license provisions
For a country where gambling has only just been made official, it is only natural that there will be very close monitoring. The requirements of the license are pretty straight forward. The core functions of the Swedish Gambling Authority are spelt out. However, the license provisions do not make provisions for players who have lost a bet that they have wagered in any casino. Of course, it is only natural that there would be complaints. However, such allegations are not going to be handled by the authority. Also, the Swedish Gambling Authority will not interfere with the affairs of operators that do not have its license.
The current trend
At present, the SGA has issued about 16 gambling licenses to several operators. So far, state-owned lotteries and operators lead the way. However, many online casinos are not lagging as a few of them have already secured their license while many others have indicated interest. Although there are not many online casinos with the permit, there are a few top casinos where Swedish players can visit. Examples include Bet365 Casino; Betsafe Casino; PlayOJO Casino and a few others.
Wrapping up the Swedish Gambling Authority
The process of acquiring the license is quite swift at this stage. Likewise, the fees are relatively moderate. So, if you want to enjoy the Swedish market, you have to get a license from the Swedish Gambling Authority. We always write about what gambling license and payment methods new casino sites provide. Be sure to check back for all the latest brands and promotions.