Despite its size, the Swedish gambling market has been on the rise giving many opportunities for gambling operators and providers. In fact, during their last quarter they saw a 7% year-on-year rise in revenue. Therefore, it is no surprise amongst gambling software companies and sportsbooks are coveting a gambling license in Sweden. Following with that trend, Jelly Entertainment Renews iGaming License in Sweden.
According to Sportsbook Pay Per head news, the igaming license renewal comes in the wake of Sweden’s new license mandates. Last year, gambling suppliers did not need to renew their supplier license. However, last November, the Swedish Parliament made a bill to make it mandatory for companies to reapply for their license. Furthermore, it would require all content developers to get regulatory approval to be active in the market.
Since gambling analysts do not expect it to go into effect until July, this is a preemptive move from Jelly. With this license from Spelinspektionen, the Swedish Gambling Authority, Jelly Entertainment can continue to supply their slots games to operators.
In fact, they are now one of the first iGaming developers in Sweden to obtain a permit from Spelinspektionen.
Game Developer, Jelly Entertainment Renews iGaming License in Sweden
This Gambling License in Sweden will give Jelly Entertainment more power to expand into the global gambling supplier market. At the moment, they have several licenses in several key gambling jurisdiction which include the UK.
Phil Collins, the COO of Jelly Entertainment said that they are very happy to obtain the Swedish gambling license. This is because Sweden plays an important role for the growth of their company. Furthermore, they have plans to have several new game releases during the second half of the year.
He also said that obtaining a license give the “company further credibility and recognition.” Thus, it will create new opportunities in gaining more gambling clients.
The renewal of their Swedish iGaming license comes shortly after signing a licensing agreement with Bit Time Gaming.