The history of gambling in Sweden

One of the most reliable and secure gambling markets in Europe is Sweden. There are only four legal casinos operating in the country, which are owned by state-owned companies, and strict laws also apply. You can learn more about the history of gambling business development in Sweden from the appearance of the first casino until today from our article and you can try any of them.

The first casinos and the regulation of their activities

The first mention of the game in Sweden dates back to the year 200. This is attested by the ancient finds of historians. As for the opening of the country’s first casino, this event took place in the 18th century. The Ramlosa Brunn casino offered several types of games of chance at the same time: roulette, basset and farah. These games were very popular among the Swedes. But in the 1800s, the church branded gambling as evil, and authorities officially banned gambling.

In 1897, the state legalized the lottery business and started the Penninglotteriet lottery. Only 50 years later, the Swedish authorities legalized other forms of gambling, including slots, raffles, etc. For a long time, supporters of gambling sought to open a casino, and it was not until 1999 that parliament decided to open the first gambling establishment. that meets international standards. This law is still in force today.

Gaming business in Sweden today

There are only four casinos in operation in Sweden, which are owned by state-owned Cosmopol. The first casino opened in 2001 on the basis of the old station building, which was built in 1874. Cosmopol Sundsvall Casino has 15 gaming tables and 140 slot machines.

A few months after the opening of the first gaming establishment, the second casino, Casino Cosmopol Malmo, opens its doors in King’s Park. There are 26 tables and 260 slot machines at this institution. In August 2002, the state-owned company opened a third casino in the old customs building – Casino Cosmopol Goteborg. There are 343 slot machines and 26 tables in the gaming establishment, and there is also a “Poker Room” for 17 poker tables.

The fourth casino opened in 2003. The Casino Cosmopol Stockholm gaming establishment was opened in the building where a nightclub and dance bar previously operated. The casino has 36 gaming tables and 399 slot machines. These institutions operate in four cities in Sweden: Sundsvall, Malmö, Gothenburg and Stockholm. It should be noted that initially the government intended to open six casinos, but then decided to reduce their number to four.

Online gambling in Sweden

Swedish law allows you to organize and conduct gambling on the Internet. At the same time, the country’s laws are the safest and most reliable among many European states. First of all, they meet the needs of business, society and the state.

For example, Swedish players who prefer rizk casino bonus are protected to the maximum. Registration at the online casino takes place in several stages. The customer must indicate not only the personal data, but also the bank account number and the registration address. The gambling establishment will verify the limit of funds available that the player can spend during the week, and it is only after this procedure that they will allow them to participate in the game or refuse to register.

The need to obtain several types of licenses complicates the work of operators, but they ensure efficiency and transparency in the conduct of gambling activities. An important risk factor for companies is the high density of competition.

Swedish gambling legislation

For a long time, operator Svenska Spel held the monopoly right to provide services in the licensed online gaming market in Sweden. Despite numerous attempts to make the market open and competitive, this only became possible after the government’s initiative to introduce legislative changes that entered into force on January 1, 2019.

According to the new Swedish law, the gambling market was divided into three sectors: competitive (represented by the work of remote casinos and betting companies), for public and state purposes. One of the innovations was the 18% tax on earnings.

The right to license operators has been transferred to the country’s gambling regulator – Lotteriinspektionen, and the process of obtaining permits for operators to operate began in summer 2018 The country’s authorities have been working on changes for over a year and a half. and many of the rules that previously existed have been strengthened.

Characteristics of the game in Sweden

Since only four Swedish cities have casinos, online gambling is popular. After all, to turn your back on yourself without leaving your home, all you need is access to the internet and finances. This type of game is actively developing in the Scandinavian country. And the foreign suppliers, knowing the income level of the Swedes, strive to get as much profit as possible from the players residing in Sweden. But advertising for gambling in this country is allowed only by the state organization Svenska Spel, respectively, operators from other countries do not have the opportunity to compete with it.

Although this is against the law of the European Union, which as you know includes Sweden. Foreign companies are ready to go through the legalization process and work legally in the Swedish market. In addition, this market is democratic. The cost of the license is 8,000 to 70,000 euros and the profit tax is 18%.

There is an age limit at Swedish casinos. People under 20 are not allowed to play. The opening hours of the casino are also controlled by Svenska Spel. On weekdays, gambling dens are open until three in the morning and on weekends until five in the morning. The entrance ticket costs 30 crowns – this is the local currency, which is the main currency of the game. But you can also play for euros and dollars.

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