Sweden will assess the impact of the opening of the online market

June 21, 2018 Posted in Money by No Comments

After a successful vote for the liberalization of the online gambling market, the Swedish authorities decided to study the impact of state monopoly operators Svenska Spel and AB Trav Och Galopp (ATG) on him.

Sweden will assess the impact of the opening of the online market
In particular, the review will consider the question of what financial consequences for sports and racing companies will entail the end of these monopolies. In particular, the government is concerned about the jumps, since ATG provides 87% of their funding, therefore, a new funding mechanism may be required.

More recently, Sweden has adopted a law on gambling, which will finally allow international gambling companies, except for the Swedish companies themselves, to obtain the right to operate on the Internet. The decision to liberalize was formed due to statistics, since it is unlicensed gambling operators that occupy a large share of the online market.

The results of the review will be published no earlier than October 31, 2020. In this regard, market participants fear that the industry will suffer a lot, while the government analyzes the situation.

Recall, the new member of the online market in Sweden was the capital company Cherry AB.

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