MGA Games, an iGaming content provider, has procured a licence from Spelinspektionen, the Swedish gambling regulator. This permits MGA Games to distribute their content to online casinos in Sweden, further strengthening their European presence.
Regulatory Changes in Sweden’s iGaming Landscape
With effect from July 1st, 2023, Sweden’s gambling regulation necessitates that all online casinos and gambling houses in the country exclusively feature games from providers possessing the appropriate accreditation. This change underscores Sweden’s commitment to ensuring a highly regulated and secure iGaming environment.
MGA Games: A Step Forward in Global Expansion
Acquiring the B2B licence for Sweden is a significant milestone for MGA Games as it propels their international growth. The company stated, “Obtaining the B2B licence for Sweden is a key step in MGA Games’ international growth and shows the company’s commitment to the European market.” Boasting over 100 premium titles, MGA Games has consistently exhibited its capacity to tailor its offerings to meet the stringent requirements of heavily regulated markets and provide quality entertainment to global players.
Licence Acquisition: A Growing Trend in Sweden’s iGaming Industry
MGA Games isn’t the only company expanding its reach in Sweden. Several other game developers and providers have secured new licences in recent weeks. Just last week, LeoVegas Group received three new B2B licences to create and distribute gaming software in Sweden. These licences, covering Blue Guru Games studio and two platforms, will allow the LeoVegas Group to collaborate with other licensees in the country, further augmenting the diversity and quality of iGaming offerings in Sweden.
Three Implications for the iGaming Industry in Sweden
The recent developments in the Swedish iGaming industry, including the licensing of MGA Games and the LeoVegas Group, bring forth several implications:
- Increased Market Competition: With more companies securing licenses, the Swedish iGaming market is likely to witness increased competition. This could lead to innovation, enhanced gaming experiences, and potentially more choices for consumers.
- Regulatory Compliance: The new regulation that mandates game providers to hold necessary accreditation will enhance the industry’s credibility. This implies companies will need to invest more in compliance, potentially affecting the market entry strategy for new and existing companies.
- Global Expansion Opportunities: The successful licensing of companies like MGA Games signals that Sweden’s iGaming market is open to international players. This could draw more foreign companies to consider Sweden as part of their global expansion strategy, thereby increasing the diversity of offerings in the Swedish market.