Swedish Operators Send Open letter to Finance Minister
by Glenn Baird - June 9, 2020
The Swedish association for igaming (BOS) has sent an open letter to the country’s finance minister asking for the current lockdown measures imposed on the gambling industry to be lifted.
The letter suggests that the demands placed on the industry have been unrealistic and that the ultimate consequence of these will be to open the country up to lure of unlicensed operators.
The association argues that changes to the current measures will help Swedish businesses, with a fresh report claiming that limits at online casino deposits could drive up to have of the country’s gamblers towards unlicensed operators.
“The entire Swedish gambling industry has been beset with uncertainty, with many customers abandoning licensed companies and moving instead to unlicensed operators. If we don’t start to co-operate and introduce long-term measures grounded in facts, we risk turning back the clock to what the market looked like prior to re-regulation.”
Copenhagen Economics, an independent research company, published a report detail the effect that deposit limits would have on online casinos. The report claims that deposit limits would reduced the number of online gamblers playing at licenced casinos in Sweden from 75% to between 52 and 63%, meaning that almost half of Sweden’s online gamblers could be playing at unlicensed casinos.
There has been no evidence to suggest online gambling in Sweden has increased during the outbreak of Covid-19 in the country.
“We share the government’s view that protection for and of players is of the utmost importance. We agree that this work must continue and that together we can create a sustainable gambling market with strong consumer protections, but the world must be based on facts.”
The open letter has been signed by the senior managers of Betsson, Kindred, LeoVegas, NetEnt, William Hill, ComeOn, Videoslots, Hero Gaming, SuprNation and the BOS secretary general.