In Sweden, the gaming road in recent times hasn’t been too rosy. There were good days and bad days. Well, speaking of now, gambling has been made legal in the country. Now it’s easy to buy lottery tickets, play gamble online and slot machines. The range requirement for gambling is obviously is of course 18. In order to run any gaming establishment or casino, either online or land-based a license is needed.
As history have it, the Sweden King named Olaf in a bid to resolve territorial dispute, had a meeting with his enemy from Norwegian. However, instead of a battle, it was resolved via a dice game. But since then, there have been changes. In recent times, the industry has not been able to develop freely because of the government. In a bid to regulate the gambling industry, each gambling forms has developed their own unique restriction. For land-based casinos, there are just four casinos in Sweden. State monopoly (Svenska Spell) controls all the four casinos. These are referred to as Casino Cosmopol. Stockholm, Malmö, Gothenburg, and Sundsvall is where these casinos are located.
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The constant options for gambling are given by each land-based casino. Ranging from roulette to blackjack, Sic. Bo and slots. Svenska Spel owns all and they account for fifty percent gambling market in the country. This enables them to have varieties of branded games which includes lotteries and scratch card, poker and bingo options. Sweden's national treasury is where the profit gained by the establishment goes. 347 winners became millionaires in 2011 after the 12 billion SEK payment.
Sweden government at this moment has not provided a license to gambling sites online. Due to this singular reason, players will keep seeking for games on sites that are foreign-based. Against this backdrop, few political parties are beginning to realize that the present Svenska Spel monopoly might not be effective in combating social issues the way it did before. There are lots of foreign games online which provides greater payouts and conducive conditions as compared to the companies owned by the government.
In 2012, the National Audit office of Sweden gave a report advising that market to be controlled imperviously, rather than being subjected to competition. Also, it asked for more power to fight illegal gambling and regulate the language in the law.
Online gambling was lawfully introduced into the country in 2002 whereas, gaming that is land-based was legalized in Sweden since 1994. Since it's only the casinos that have been given license by the Sweden government are those allowed to make gambling services available to residents. This same right guides the advertisement on TV. The land-based casinos and the online casino is Sweden is differentiated in the sense that at age 18, you're allowed to play online games while age 20 is the legal age to play land-based games.
Well, Swedish citizens are allowed to play overseas based casinos. However, the Swedish government has neither regulated nor licensed this. Rights to offer online licenses is also given to Svenska Spel. Even if presently, no online casino has been granted any license. Numerous attempts have been made to overturn monopoly on the issue but they failed at each attempt. Majority of people are arguing about the present laws and how it contravenes what the Union law of Europeans reports concerning the Industry.
Even at this, the court of justice of the Europeans has always taken sides with the government of Sweden. Stating that monopoly creation in this situation is rational to help protect the citizens of the country.
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