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Aug 28, 2018  
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Operators line up for new Swedish gambling licenses

Thanks to the technical sophistication of the Swedes, the world’s first country to actually consider completely eliminating its paper money currency in favour of becoming a completely cashless society (according to Riksbank, the Swedish central bank, cash transactions comprised a mere 2% of all payments made in Sweden back in 2016), online gambling has been a part of life in the country since its inception and Sweden has been known to be a strong innovator in the field as the industry has developed. All this, say experts, bodes well for the future of Sweden’s gambling industry, especially in light of the early interest shown by operators seeking licenses. Among the first out of the gate to get in line for the new licenses was Sweden’s state-run gambling and lottery operator Svenska Spel as well as companies currently operating on the Swedish market but based offshore in locations such as Malta including LeoVegas, Betsson and the Kindred Group. With the potential for strong growth in the newly re-regulated market and international operators scrambling to pick up market share, finding new ways to attract Sweden’s millennials is becoming of paramount importance. With excellent digital infrastructure and a highly tech savvy society, Sweden is the world’s second largest eSports market behind Russia. Estimated to be worth some $31 million in ticket sales alone and expected to grow exponentially, tapping into the eSports market in Sweden is becoming an increasing priority for many operators with a keen eye to the future.

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Caesars 'Bullish' On PA Online Casino, Poker On Heels Of Harrah's Philly Approval

Home / US Online Poker / Pennsylvania / Caesars ‘Bullish’ On Launching PA Online Casino, Poker On Heels Of Harrah’s Philly Getting Approval Caesars ‘Bullish’ On Launching PA Online Casino, Poker On Heels Of Harrah’s Philly Getting Approval Caesars Interactive Entertainment and Harrah’s Philadelphia are not short on optimism for the Pennsylvania online casino market, with one executive saying she is “bullish” on the opportunity. CIE and Harrah’s trumpeted their excitement for the nascent market after a trio of casinos got initial approval to move forward with online gambling last week. Harrah’s, Parx Casino and Mount Airy Casino Resort all had their online gambling petitions approved by the PA Gaming Control Board. All three have more steps on the regulatory roadmap, but the time until online casinos and online poker rooms go live can now be counted in months. Obviously, no one is getting into the online casino and online poker industries in PA hoping just to tread water or losing money. But everyone, to date, has been slightly mellow about the PA market, especially given the relatively high taxes, at least on online slot machines. (Revenue will be taxed at a rate of 54 percent for the slot segment.) But that’s not so for Harrah’s, which is not hiding its exuberance. “We’re very bullish on the offering online gaming provides our guests and are excited for the opportunity Pennsylvania presents,” said Melanie Gross, CIE’s vice president of online casino, in a press release. “We have a wealth of knowledge and experience from our six years in the online gaming space in the US and believe we’ll be able to hit the ground running in Pennsylvania when online gaming commences in the state.” “We thank the Pennsylvania Gaming Control Board and look forward to continuing to work together on the next steps in bringing online gaming to Harrah’s Philadelphia,” said Harrah’s Philadelphia Senior Vice President and General Manager Chris Albrecht. “We see this as a great opportunity to bring new customers into our Total Rewards network and for all customers to play with us both online and at the property.”

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