Swedish Regulator Urges B2B Suppliers to Renew Licenses On Time to Avoid Interruptions
The Swedish gambling regulator warns B2B suppliers that their licenses will soon expire and must be renewed in a timely manner to avoid any interruption.
The Swedish gambling regulator, Spelinspektionen, has alerted B2B suppliers that many of their licences will expire this year. Companies must apply for a renewal at least four months before their current licence expires to avoid an interruption to their licence.
This means that suppliers whose licences expire on December 31 must submit the necessary information to apply for a renewal by September 1. Those who miss that deadline may still obtain a renewal, but may suffer an interruption in their licensed status since Spelinspektionen may not be able to issue the renewal in time.
Sweden issued five-year B2B supplier licences in January 2019, as it opened up regulated online gambling. The regulator has advised licensees to reapply for new licences in good time to ensure they can continue to provide games and gambling solutions to B2C operators.
If companies continue to provide games without a valid licence, they would be considered to be operating illegally and could face regulatory penalties. Spelinspektionen said it will provide more details about the application process soon.