Online Gaming Summit, Stockholm
The Scandinavian region is one of particular interest and importance for the online gaming industry. The region is home to a number of online gambling software companies such as Net Entertainment Boss Media, and NYX Interactive, whilst Sweden is a key poker market in Europe.
in Stockholm (22 – 23 March 2011) will be covering the key regulatory topics in Scandinavia and further afield in Europe, including what path Sweden might take in regulating online gaming.
Sweden’s neighbours in the region have adopted contrasting strategies for addressing online gambling.
In 2009 Denmark announced its intention to create legislation that would licence online betting and gaming. The new licensing regime was due to start on 1 January 2011 and included a tax rate of 20% on gross gaming revenue.
Once the new regime is in place, any operator that does not hold a Danish licence will face fines and even imprisonment if it continues to target Danish players. ISPs will have to block access to unlicensed websites and banks will have to block transactions.
In Norway, meanwhile, new laws to ban online gambling by preventing payment transactions with the websites came into force on 1 June 2010. Norwegian financial institutions will not be able to accept transactions for Internet gaming firms not approved by the government.