Sweden has some of the tightest gambling regulations in the world – and the approach is quite unique, in that the Swedish government maintains a monopoly on all forms of gambling, including online gambling. This monopoly covers casino games, lotteries, bingo and sports betting – and the regulator maintains strict control over gambling advertising in Sweden.
In 2019, Sweden introduced even tighter regulations, including a ban on bonuses and promotions – the latter regulates all bonuses and promotions offered by gambling operators, in order to discourage excessive gambling. The government also implemented stricter rules for gambling advertisements in order to curb excessive promotion. Moreover, a new bill designed to increase consumer protection in gambling is set to enter into Swedish law this April.
Yet despite these measures and regulations, the growth in the Swedish regulated gambling market seems to have stalled – with a slight year-on-year decline in the third quarter of 2023. More worrying is the latest trend, as shown by new research, which shows that in Sweden, traffic to unlicensed gambling websites has increased 10-fold since 2019.
In comparison, the business generated by MGA-licensed casinos is booming – and Swedish players are enjoying safe fun at casino without Swedish licence.
In the world of gambling, Malta is considered to be a strong jurisdiction – and the framework that regulates gambling is seen as being stable and fair to operators, service providers and players.
For a casino to have an MGA licence is to have a vote of confidence that the casino satisfies all compliance requirements and that it has structures in place to safeguard its clients. The latter is especially critical – in order to provide a gambling environment that is fair and responsible, regulated online casinos need to ensure that players are protected through various responsible gaming measures, including robust verification processes, age restrictions, deposit limits, self-exclusion options and more.
Additionally, licensed casinos use advanced security protocols to protect players’ personal data. Regulated platforms have measures in place to detect and deter suspicious activities – and they are also subject to regular audits to make sure that the games provided are fair.
Finances also feature as a critical element – because while players appreciate fast payments and withdrawals, as well as various payment options such as bank transfers and e-wallets, operators also need to ensure that players’ financial data, and finances, are secure.
Yet such stringent regulations do not outlaw fun – rather, they boost it. For instance, licensed casinos can offer a variety of games that unlicensed operators cannot. And that is because the best game developers are only willing to collaborate with licensed casinos.
Licensed casinos also offer fair and transparent gameplay – gambling platforms, in fact, utilise random number generators and sophisticated algorithms that generate unpredictable outcomes.
Moreover, licensed casinos offer players appealing bonuses and promotions, with realistic wagering requirements. This makes it easier for players to enjoy a safe gambling experience.
Conclusion
Playing at a Malta-licensed casino ensures player protection, responsible gambling measures and fair gameplay. This gives players peace of mind that they can enjoy the latest games, without fearing manipulation, fraud or identity theft. Moreover, all money transactions are monitored and audited to ensure that players’ funds are secure. And this allows players to fully enjoy their gaming experience.
Disclaimer: Play responsibly. Players must be over 18. For help visit https://www.gamcare.org.uk/.