Sweden urged to rethink restrictions as searches for ‘unlicensed casino’ surges 700%

Content Team 3 years ago
Sweden urged to rethink restrictions as searches for ‘unlicensed casino’ surges 700%

New BonusFinder data shows 54 unlicensed operators already targeting Sweden and warns new proposals will put players at greater risk

BonusFinder.com has urged the Swedish government to reconsider its proposals to introduce further restrictions on online gambling as a result of the pandemic or risk long-term consequences of a sharp increase in black market activity. 

In a formal response to a consultation on the government’s proposals, BonusFinder warned that introducing stricter measures would lead to a long-lasting diversion of players to unlicensed sites and pose a greater risk to Swedish consumers, legal licensees and the licensed market in the future.  

BonusFinder has identified more than 54 unlicensed sites targeting Sweden compared to the 65 licensed operators, with the majority offering online casino. The research conducted by using Google Trends also found the number of searches for unlicensed casino brands targeting Sweden to have risen by 305% in the last 12 months.

The study also discovered that in the last 12 months searches for ‘casino utan licens’ (and other similar terms), saw a 710% growth compared to a 173% increase in ‘online casino’.

In March this year, initial BonusFinder research found that almost a third of Swedish online casino players are searching online for ‘unlicensed casinos’, with growing numbers turning to black-market brands due to the market’s restrictive gaming regulations, introduced in January 2019.

Bonusfinder
Fintan Costello, Managing Director, Bonusfinder.com

The Swedish government’s new plans include the introduction of stricter bonus limits of SEK100 (€8), as well as mandatory weekly deposit limits of SEK5,000 (€458) that would be in place for an initial six-month period from June 1.

Fintan Costello, Managing Director, Bonusfinder.com, said: “We understand the Swedish government has put forward its proposals with the best intentions to protect its citizens, but as our research has shown, the existing restrictive measures have resulted in a large number of players turning to unlicensed operators outside of the legal framework and without any protection. Channelisation rates are falling and unlicensed brands are booming.

“Our message to the government is to seriously reconsider its proposals. More stringent measures would only serve to further fuel the existing black market. The consequences of these actions would be felt for a long period of time as players lost to the illegal offering would not easily return to regulated sites once measures are lifted.”

About SiGMA-ICE ASIA Summit:

The SiGMA Manila expo might have got postponed to May 2021 but that won’t stop SiGMA Group from bringing gaming scenes closer together. From various gaming sectors to an outstanding line-up of speakers we’ll be having a look at how the main markets across Europe and Asia will adapt and thrive. SiGMA Digital, in partnership with ICE Asia, AIBC and MGS Entertainment Show will take place on the same week of the original show dates, 8 – 10 June 2020. Register now to be part of this global digital revolution!

Share it :

Recommended for you
Katy Micallef
8 hours ago
Lea Hogg
8 hours ago
Jenny Ortiz
13 hours ago
Jenny Ortiz
14 hours ago