April 5, 2018 / 10:41 AM / 4 months ago

Sweden proposes licence system for gambling

STOCKHOLM, April 5 (Reuters) - Sweden’s government proposed on Thursday that the state gambling monopoly largely be replaced by a licensing system, in line with what a study suggested last year.

The rise of online betting has eroded the monopoly, established in 1934, with other companies now able to operate easily inside Sweden from abroad.

Online gambling firms will pay an 18 percent tax on gross gaming revenue if the proposal passes parliament, the government said in a statement.

“The now proposed gambling legislation means that anyone active in the Swedish gambling market should do so with a valid license and that actors without licenses will be shut out,” the government said. (Reporting by Daniel Dickson and Niklas Pollard)

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