Swedish Government waives Covid-19 regulations for online casinos

The Swedish Government has finally decided to waive Covid-19 restrictions placed upon online casinos operating across the country

The Swedish Government has finally decided to waive Covid-19 restrictions placed upon online casinos operating crossways the country.

Originally implemented on 2 July 2020, the Swedish Government mandated a temporary exercise set of rules for Swedish online casinos, designed to protect to a greater extent people play from place during the Covid-19 pandemic. The place of rules were extended inwards July 2021, signification they hold been inward set for an 18-month period.

The restrictions were intentional to circumscribe players’ weekly deposits to a maximum of SEK 5,000 ($534), while any bonuses offered by online casinos had to be capped at SEK 100.

The determination not to further offer these restrictions, which would feature happened from 7 February, was welcomed by The Swedish Trade Association for Online Gambling (BOS).

Gustaf Hoffstedt, Secretary General, BOS, commented: “It is a wise and well-balanced determination that the Government has made. Partly based on the superior general development of the pandemic. Partly, and higher up all, because on the button these restrictions would not accomplish their resolve of protecting public health.

“We are in favour of strong regulation of the gaming market, and a requirement for this is that the intention with various reforms put up also follow expected to hold the intended effect. That was non the grammatical case with the covid restrictions, and it is so receive that they are withdrawn.”

When the initial restrictions were implemented, BOS argued that such limitations would not have the desired effect, and would inward fact follow detrimental to players’ finances.

BOS claimed that, instead of forcing players to circumscribe their betting, it would simply encourage them to switching operator, making it harder for operators to run out Know Your Customer and AML searches.

The impact of Covid-19 restrictions on casinos has been discussed at length at the start up of 2022. Earlier this week, the European Casino Association conducted a survey of its land-based members to interpret how the pandemic has affected operations crossways the continent.

While to the highest degree are at present allowed to open, a set out of detrimental restrictions and curfews remain.

This news is produced to you by the XE88 Malaysia.