Applied for gaming license in Sweden

2018-10-15

Download PDF
From January 2019 Sweden will be a licensed gambling market and Nordic Leisure (NLAB) has today filed its license application for casino, betting and bingo. The application is fully in line with NLAB:s strategy to create growth in regulated gaming markets.

"The fact that Sweden becomes a regulated gaming market from 2019, and that we now have filed our well elaborated application, feels very good and is something we have been looking forward to for a long time. Our background with many years of experience of acting in regulated jurisdictions, provide conditions for good possibilities also in the Swedish market. We see, provided that our application is granted, great possibilities to increase our market share and we consider that we have both technical capabilities, brands and an organization in place to do this" says Robert Andersson, CEO of NLAB.

During the first six months of this year NLAB:s share of gaming revenue from regulated markets was 88.0% of the total gaming revenue.

Regulated markets open up for more marketing channels and affect the experience for the end user positively since for example more payment methods are available. A regulated market is based on responsible gambling which is the basis for our entire business operations. Functions such as centralized registries will be excellent tools to work for responsible gaming. The license obligations in Sweden are extensive and are based on the concept of adequacy, something that NLAB welcomes.

For further information, please contact:

Robert Andersson CEO

[email protected] / +371 2 7327810

About Nordic Leisure

Nordic Leisure AB is the parent company in a group which operates within two business areas: Online gaming and Media. The group has offices in Tallinn, Riga, Vilnius, Malta, Marbella and Stockholm. The operational companies hold national licenses and permits for their operations and the group has around 190 employees. Nordic Leisure is listed on NASDAQ First North in Stockholm. The company's Certified Adviser is Redeye, +46 8 545 01330.

For more information, visit nordicleisure.se

Nordic Leisure AB is obliged to publish the above information in accordance with the EU's Market Abuse Regulation. The information was provided by the above contact person for publication at 17:00 CET on 15 October 2018.

Subscribe to our press releases & reports