Sweden Looks To Privatize Gambling IndustryOnline Gaming Sites Would Be Licensed Under New Bill |
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Sweden is looking to modernize a large part of its gambling industry.
Per a report from Reuters, the country’s government on Thursday proposed a move to transition from a state gambling monopoly to a privately-run online casino sector. The reason for the shift is that Sweden is having a hard time cracking down on offshore online casinos that offer games to its citizens.
The legislation reportedly seeks an 18 percent tax on licensed online gaming operators.
“The now proposed gambling legislation means that anyone active in the Swedish gambling market should do so with a valid license and that actors without licenses will be shut out,” a government statement said.
The bill would still permit the state’s brick-and-mortar casino monopoly to remain intact.
Sweden’s regulated gambling market is worth the equivalent of about $2 billion USD per year, according to a government report obtained by Card Player.
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