LeoVegas Group has been granted 3 five-yr licenses via way of means of the Swedish Gambling Authority—recognized as “B2B licenses”— to increase and provide gaming software program in Sweden. These licenses, powerful from 1 July 2023, were granted to the Group’s recreation studio Blue Guru Games and platforms. Licenses are a prerequisite for supplying software program to certified operators and an critical step to save you unlicensed gaming groups, therefore strengthening channelisation withinside the Swedish gaming market.
Since its inception, LeoVegas Group has skilled speedy growth, evolving from an operator into an vital participant withinside the igaming industry’s price chain thru recreation and platform development. Effective from July 1, 2023, below the Swedish Gambling Act, groups worried withinside the manufacture, provision, installation, or amendment of recreation software program utilised in on-line gaming are required to own a license.
LeoVegas Group has now been granted 3 five-yr licenses—stated as “B2B licenses”—via way of means of the Swedish Gambling Authority. These licenses were conferred upon the Group’s recreation studio Blue Guru Games, in addition to the Group’s platforms (PAM).
Gustaf Hagman, CEO of LeoVegas Group, said “We welcome the advent of B2B licenses, a decisive step closer to mitigating the effect of key gaming software program being concurrently furnished to certified operators and unlicensed operators focused on Swedish players. With the brand new policies in force, it’s miles now vital that government awareness on the ones providers intentionally undermining the Swedish licensing device via way of means of facilitating unlicensed gaming“.
The 2019 initiation of Swedish gaming licenses marked a huge reform to adjust and supervise gaming groups working in Sweden. This reform fortified policies referring to advertising and purchaser protection, even as additionally making sure full-size playing tax revenues. The achievement of the B2B licensing device closely relies upon at the Swedish Gambling Authority’s potential to limition key gaming software program supposed for certified Swedish groups from concurrently being utilized by unlicensed operators searching for to draw Swedish players.
On 1 May, LeoVegas Group introduced its intentions to collect recreation developer Push Gaming, which is likewise certified via way of means of the Swedish Gambling Authority and holds B2B licenses. The acquisition is predicted to be finished withinside the 1/3 region of 2023.