The Swedish market has a new player in its iGaming market. This is after Leap Gaming received a greenlight from Spelinspektionen. The game B2B game supplier can now offer its virtual games for retail, mobile, and online markets in Sweden.
Leap Gaming Gets a Hold of Swedish License
Licensees approved by Sweden’s Gambling Authority will now be able to stock Leap Gaming’s proprietary titles following this milestone. Speaking of milestones, this is a crucial one for the company with Sweden remaining one of the leading iGaming markets in Europe.
Leap Gaming is now on track to expand its footprint in Europe’s gambling market after launching in Sweden. Although this doesn’t come as a surprise given the company has been on a steady push to expand its footprint across Europe’s regulated markets.
Some of the key markets the game supplier is already live in include Italy and Spain. The company’s critically-acclaimed releases also went live in Denmark after the country launched its newly-regulated market.
Quality is the standout aspect across Leap Gaming’s releases. This continues to propel the provider’s status and reach in various markets. Speaking of reach, the various jurisdictions the company is already live come as an added advantage since it can strike new deals. This then allows it to further expand its presence.
Sweden presents a perfect market for the supplier in its quest to seek visibility. This is all thanks to multiple leading brands that call the country home. Betsson, LeoVegas, and Evolution Gaming are some of the brands the company can now partner with.
Sweden’s Increasing Appeal as a Top Gambling Market
Sweden’s gambling market ranks among the top in Europe. It’s this status that has attracted a pack of unlicensed operators trying to appeal to the huge market. A move that the SGA found to be dangerous. This led to the announcement of tighter regulations for offshore operators by the Swedish Ministry of Finance and the Chamber of Commerce.
The market has been on an upward growth trajectory in 2022. Online gambling is the most preferred method of gambling in the country resulting as the main driver in the country. At least seven percent more individuals started real money gambling. This was according to a report by the gambling authority released in January.
Such statistics showing increased interest are what sparked SGA’s promptness to tighten the screws in the gambling scene. Unlicensed operators continue to be a particular thorn in the regulator’s heel. But the authority releases gambling reforms aimed at curbing the issue. It's worth noting the SGA turned down the reintroduction of gambling limits. But it decided to table new regulations.
License application fees are part of the new regulations. The regulator now requires operators to part with $12,000.