A total of 21 companies have obtained a Swedish license in anticipation of the full regulation of the iGaming industry. Swedish brands MRG and Bethard have become the latest companies to procure the desired benchmark and join the fraternity of companies ready to launch their operations as early as January 1, 2019.
MRG and Bethard Obtain iGaming Licenses
The Swedish iGaming company MRG has just procured licenses to kickstart online casinos in its home country, with Mr. Green and Evoke Gaming rolling-out the full offer, acting as subsidiaries for the company.
As a result, a number of websites will become operational as early as January, including Mr. Green, Redbet, Vinnarum, Bertil and MamaMiaBingo, with the company clearly diversifying its efforts as early on as it can.
In the official press release, MRG CEO Per Norman expressed his satisfaction with the recent developments, noting that his company was looking forward to provide Swedish gamers with a product that is truly superior.
We are especially happy about the strong emphasis on responsible gaming in the Swedish regulation since Green Gaming has been part of our strategy since the start of the company 10 years ago. – MRG CEO Per Norman
MRG also operates in 13 separate markets, offering highly-polished iGaming products through its subsidiaries. Bethard alone, owns 16 flagship brands and licensed websites, considerably boosting the positions of the company in the sector.
In their own official statement, Bethard cited the company’s founder and executive Erik Skarp who also welcomed the newly-presented opportunity, cheering at the prospect of bringing the company’s products to Sweden.
Sweden is, for many reasons, a very dear market to us and I am personally looking forward to show what we can do in terms of responsible gaming on our home market. Bethard founder Erik Skarp
According to Mr. Skarp, the goal of Bethard is to “be a truly responsible gaming company” and to consolidate its footprint across new and existing markets. With the latest additions of casinos, Sweden now faces 21 licensed companies awaiting to enter the market at the turn of the year.
More Operators Arrive in Sweden
While the MRG’s licensing deals are important, they are far from the only companies to break into the Swedish market. Svenska Spel will be re-emerging in the freshly-regulated market on January 1, hoping to get a head-start on the many other that will follow.
Meanwhile, Bethard has reaffirmed its intentions to stay vigilant of new marketing prospects, including in Germany, where the company has been gaining ground.
Bethard is also planning a move on the Irish market, although the company openly suggests that the newly-proposed Irish tax is a reason for concern. However, the Irish government is likely to go back on the proposed sports betting tax hike, which would boost the amount collected to 2%.
Sweden will have a lot of hard work to do, with the country guaranteeing the safety of consumers and keeping nefarious third-parties at bay. The country’s re-branded Lotteriinspektionen regulator will take care of enacting all new measures.