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”dk, Betsson AB further detailed that a successful license application would see players in Sweden permitted to enjoy all of its sites from the first day of 2019 in return for it agreeing to pay an 18% tax on gross gaming revenues.the Professional and Amateur Sports Protection Act (PASPA) along with New Jersey’s subsequent launch of land-based sportsbetting services....

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Long history in Sweden:Stockholm-listed Betsson AB used an official Wednesday press release to declare that it has been offering ‘gaming entertainment’ to players in its ‘home market’ since 1963 and that it is now hoping that the Swedish Gambling Authority will give it permission to add iGaming to this provision.License would lead to ‘better possibilities’:Lindwall proclaimed that success will additionally give his firm ‘better possibilities’ to ink local advertising and sponsorship deals and possibly see the Stockholm-headquartered company slightly increase the number of employees working in its Sweden-facing public relations and marketing departments.Deregulation welcomed:Pontus Lindwall, Chief Executive Officer for Betsson AB, stated that it was ‘good that Sweden’ had ratified legislation that is designed to ‘open up the gaming market for free competition in a controlled environment’ before describing yesterday’s license application as ‘a milestone’ for the industry and his company....

 

 

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