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LeoVegas among first to obtain iGaming licence in Sweden

LeoVegas Gaming Plc, a subsidiary of parent company LeoVegas AB (publ) (LEO:STO), is among one of the first company’s to be approved by The Swedish Gambling Authority for a license to operate online betting and gaming services in Sweden.

On June 7 this year, the new Gambling Act (SFS 2018:1138) was approved by the Riksdag (the Swedish Parliament) that will give Sweden a new, re-regulated gambling market. The new license system will be effective from January 1, 2019 and only companies that have obtained a license will be permitted to conduct gambling activities in the Scandinavian nation.

According to Friday’s official press release…

Chief Executive Officer and co-founde…