News

Swedish investigation to examine impact of gambling liberalisation on sports

The investigation launched Friday will examine the impact of liberalisation on funding for the Swedish horseracing industry and the wider sports market, including an assessment of Svenska Spel’s adaptation to new market rules.

Through to 2022, the investigation will evaluate the liberalised market on an annual basis, examining the effects on public health, consumer protection, government revenue and financing of social causes, with a particular focus on devising a new funding mechanism for horseracing.

Commenting on the launch of the investigation, civil affairs minister Ardalan Shekarabi said: “This is a thorough reform that is being implemented and some issues need further investigation. Svenska Spel's adaptation to the new market situation and the horseracing industry’s long-term funding are such issues.”

It will consider a financing model to replace the contributions currently received by sports bodies from state-owned operators Svenska Spel and ATG, as well as examining whether new measures are required to reduce the harmful effects of online and terminal gaming.

The investigation will also suggest ways to restrict market access by unlicensed operators and any other additional measures that may be required to strengthen regulations.

“The investigation is another important step in our efforts to regain control of the gaming market and to ensure that the new regulatory framework works as intended,” Shekarabi added.

GamingIntelligence

Back To All News

Tags: Curacao gaming licence,gaming licence,Financial Institution Licence,Payment Institution,Incorporation of company in Malta,Malta gaming licence,online gaming license,Incorporation of company in Bulgaria,E-Money licence

..................................