LeoVegas secures B2B software licences in Sweden

Issued by national gambling regulator Spelinspektionen, each licence will come into effect from 1 July and run for three years.

The licences cover the group’s Blue Guru Games game studio and two platforms, allowing the business to work with other licensees in the country. 

LeoVegas had been required to secure the new licences in line with regulations set out in the Swedish Gambling Act. From 1 July, all companies involved in the manufacture, provision, installation or modification of igaming software must hold the relevant licence.

“We welcome the introduction of B2B licences, a decisive step towards mitigating the impact of key gaming software being simultaneously provided to licensed operators and unlicensed operators targeting Swedish players,” LeoVegas chief executive Gustaf Hagman said.

“With the new regulations in force, it is now critical that authorities focus on those suppliers deliberately undermining the Swedish licensing system by facilitating unlicensed gaming.”

Confirmation of the new licences comes after LeoVegas last month announced that it had struck a deal to acquire game developer Push Gaming. The developer is also licensed in Sweden and holds two B2B licences.

The acquisition is expected to conclude in the third quarter of 2023.