State owned casinos to retain tax exemption in reformed Sweden

State owned casinos to retain tax exemption in reformed Sweden

Tuesday, April 10, 2018 Posted by Joseph Streeter
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The legislation would see mass changes to the Swedish gambling sector

Proposing new legislation for the Swedish gambling sector, the Swedish government has outlined that it plans to allow state run casinos to continue to operate tax free.

Aiming to find the most efficient way to regulate gambling within the region, its new regulations would utilise a new licensing system, which would see licensed operators in Sweden pay 18% tax, with state-owned casinos and gambling on token machines being allowed to retain their tax free status.

If the legislation is to pass, it would open the doors for a complete overhaul of the Swedish gambling industry, placing a greater emphasis on shutting out unlicensed operators from operating in the area, as well as putting a key focus on player protection and safer gambling.

In a move that is likely to bring an end to the monopoly in the Swedish market, the government will open up limited licences for overseas operators to expand into Sweden.

After the proposals had been released, the Minister for Public Administration Ardalan Shekarabi stated on the government website: “Unregulated gambling has taken over and gambling is used in criminal activities. It is 14 years since the first of a line of gambling inquiries was appointed. It is now time for us to move from words to action and regain control of the Swedish gambling market.

“We are reinforcing the Swedish Gambling Authority, granting it more and sharper tools. Unlicensed operators will be shut out of the market and licence-holders must conduct their activities in accordance with the law. Today we are also instructing the Swedish Agency for Public Management to follow up the reform to quickly make any amendments to the act if the goals of the reform are not achieved.”

Totally Gaming says: The continued growth of online betting has led to the eventual decline of the monopoly of betting operators within the Swedish market, so for the Swedish government to open up the market, even if only partially, is a positive move for gambling regulation in Sweden.

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