UNITED STATES—Swedes have a great interest in gambling. They have been playing at casinos for centuries, but recently they observed a significant change in the casino industry. Firstly, the focus of gamblers shifted from physical casinos to online casinos. Secondly, the Swedish Gambling Act brought in various changes in the way gamblers play. Take a look at the impact that this act has on the people and the market.
Impact of Swedish casino regulations on the industry
The Swedish Gambling Act came out in 2019 and brought in some major changes in the gameplay of the casinos, their bonuses, and the overall experience.
It further made it more difficult for new entrants to join the market. The purpose of the whole act is to promote responsible and safe gambling in the country. In the past, casinos had the freedom to bring in their own rules, but now the entire gambling industry is in the control of the government.
Special moderation in the advertisement
The Swedish Gambling Act has proposed new policies about the way casinos can be advertised in the country. First, the act banned the advertisement of all the casinos that operate in Sweden without a license.
After the act, the licensed casinos have to follow the rule of omitting extensive marketing.
Now, gambling commercials have to follow rules that are similar to those used for alcohol. Any ads that the casinos make should not be intrusive. They should not have any kind of elements that urge people to play at the casinos or get attracted to gambling.
Variety of casinos
With the implementation of the new law, people assumed that there would be very few casinos operating in the country. This turned out to be false, as most of the top-ranked Swedish casinos transformed to follow all the policies and started operating legally. As for the new entrants, the law does not hold any restrictions. Any casino that fulfills all the points of the Gambling Act can operate in Sweden openly.
Gamblers now know how to differentiate between licensed and foreign casinos from any part of the world. Beginners who want to try online gambling do not have to worry about any scams. The journey of these beginners can easily start from licensed platforms where the government confirms the authenticity. There is a wide variety of unlicensed casinos that are casinos that do not have a Swedish license. They have much wide variety of games and categories in comparison to licensed platforms.
Risk factor
Gambling is always connected to risks. Regardless of how professional a player is, they can never make a bet with 100% assurance of the outcome.
As per the professionals of svenskacasinonutanlicens.se, there is always a risk of money laundering, match-fixing, and unfair gameplay at every casino. But most of the casinos are perfectly safe and reliable.
All casinos that have a Swedish license are termed authentic by the government. Players now play at these casinos without thinking otherwise. The only what-ifs that gamblers ponder upon are the outcomes of the bets that they place.
Responsible Gambling
The Gambling Act imposes a feature called Spelpaus on all the Swedish licensed casinos. This gives players the power to restrict themselves from gambling when they believe that they are spending too much. The feature provides a sense of responsibility to all the players so that they do not end up becoming gambling addicts.
Through Spelpaus, the player gets banned from all licensed casino websites at the same time. This act keeps the fear of getting addicted to gambling far away from players. Gamblers play carefree as they know that whenever they get the feeling that they are getting too involved, they can keep a pause on it with just one feature.
Age restrictions
The minimum age limit before and after the Gambling Act to play at casinos is 18. Players above the age of 18 were treated legally old enough to play at any casino and any game of their choice. The policy brought some changes in age restrictions. People who are under the age of 20 are not allowed to enter any Casino Cosmopol. In most countries, such as the US, the age restriction is only 18 years for both physical and online casinos.
Game rules and policies
Licensed casinos are only allowed to list the games that belong to authentic game developers. This brings a change to the gaming variety that gamblers used to enjoy. They have a smaller variety of games to choose from. For example, licensed casinos have one single game that is presented by multiple providers. They have the choice to experience the same game with different offers, different layouts, options, and betting odds. A similar case is in sports betting; Swedish gamblers can take part in any game happening across the globe from unlicensed casinos. These unlicensed casinos are the ones that do not have a license from the Swedish Gambling Act.
Why are Swedes shifting towards foreign casinos?
Swedish players are moving more toward the unlicensed casinos that do not follow the Swedish Gambling Act. As per the reviews of Swedes Gamblers, one major thing that the act took away from them is incredible bonuses and promotional offers. Players get more attracted to the foreign casinos that have huge bonuses, loyalty programs, no deposit offers, and loyalty gifts for their players. Another reason for this preference is that there is a wide variety of gaming options. Players never go out of options and can always try on new plays.
Swedish Gambling Act: successful or unsuccessful?
Everything that gets banned opens up a new black market to fulfill the needs of the customers. Similar things have happened in different parts of the world in the past too when alcohol got banned. Now as the Swedish Gambling Act only allows licensed casinos, but there are no restrictions if the player prefers to play at unlicensed casinos. Unlicensed casinos are not allowed to do any kind of advertisement for the Swedish players. The gamblers have to hunt down these websites on their own.
The act does not hold any kind of restriction on the players. Gamblers can choose any casino to play at. This is the reason why more and more players are switching to these foreign casinos.
Quick insight at the impact of the Swedish Gambling Act
The Swedish Gambling Act has been enforced since 2019, and till now, the industry has faced some significant changes it. Casinos have to either change with the new rules and policies or have to accept not to advertise to Swedes. As for the gamblers, they have to be more cautious toward unlicensed casinos. There is no restriction on the action of gamblers; they have the freedom to choose any casino they want to play at.
