Being chosen out of nine other companies on the shortlist, Evolution received its award at the Global Gaming 2019 Awards Ceremony at The Hippodrome Casino in London ahead of ICE London.

“We are thrilled to have won this award. The past twelve months have seen some landmark product launches from Evolution, with the runaway success of Lightning Roulette, the launch of our First Person range of games, plus three new studios opening worldwide,” said Martin Carlesund, CEO Evolution Group, upon reception of the prize.

“To win this award on the eve of ICE, where we will unveil ten new games, is very exciting for us as a company. We are continually pushing to enrich our offering and provide our operators and their players the next generation of Live Casino games.”


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“DraftKings is a young and dynamic company that has blazed a trail in recent years with its best-in-class technology and extensive knowledge of sports,” says James Stern, Chief Business Officer responsible for America and Land-based at Evolution Gaming.

“DraftKings was first to market in New Jersey with online sports betting, just a couple of months after filing for its licence with the New Jersey regulators. We very much look forward to working with DraftKings on this project,” he adds.

Founded in 2012 and headquartered in Boston, MA, DraftKings offers daily fantasy sports contests across 11 professional sports in eight countries including the US, Canada, the United Kingdom and Australia.

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The most recent reregulation was preceded by years of planning and takes place in an environment where Norway and Finland appear to hold strong gambling monopoly. Marching in the footsteps of Denmark, Sweden seems to open up its iGaming industry for private sectors, with the new legislation.

Under the new Swedish gambling law (SFS 2018:1138), companies are due to pay 18% tax for commercial gaming, a 0% tax rate applies for non-profit gambling activities, six different license types are available with prices varying from SEK 400,000-700,000 (roughly €38,200-€66,900), and an 18+ age limit is set for online gambling while a 21+ age limit applies to enter a physical casino, according to a report by gambling.com.

The new legislation is expected to create a safer market, improve consumer protection and game security, as well as provide clear market conditions. In the new environment, players can pause their accounts nationwide with a single action, as well as control tightens over illegal gambling activities.

All eyes on Malta

Malta is home to a handful of international iGaming operators and software providers, who are based in Sweden but carry out the bulk of their operations in the tiny Mediterranean island, so much so that Malta is often referred to as an iGaming hub.

The sector directly accounted for 11.3% of Malta’s gross value added — more than €1.1bn — in 2017 according to NSO statistics, after the country was the first to regulate the market in 2004. In 2017, the watchdog Malta Gaming Authority (MGA) issued a total of 165 new remote gaming licences, according to a report by EY in 2018.

Malta has seen the presence of Swedish software providers NetEnt, Evolution Gaming and Play’n GO, as well as casino operators Mr Green, Unibet, and Leo Vegas. These iGaming giants all have roots in Sweden but are also registered and therefore have operations in the island country. As a result, attention has risen over the market to see how the re-regulated Swedish environment would affect the sentiment in here.

The Maltese iGaming sector also needs to keep an eye out on Spain that has recently approved a remarkable tax cut of 5% for iGaming operator revenues. Gaming Innovation Group (GiG) and LeoVegas have already targeted the market by announcing expansion over there.

The post Sweden reregulates gambling market first appeared on The Malta Business Weekly.