Swedish gambling regulator Spelinspektionen has entered into a Memorandum of Understanding (MoU) with the Gibraltar Ministry of Commerce's Gambling Division (GGD), to formalise cooperation agreements between the two.
Spelinspektionen and the GGD will work together on a number of areas, with the MoU setting out provisions for information sharing on matters of mutual interest and policy areas.
Both authorities have also agreed to offer operational assistance to each other on a continuous basis, in accordance with both of their respective procedures and regulatory policies.
Camilla Rosenberg, director general of Spelinspektionen, said that the working agreement makes sense for both parties, given that a number of operators and suppliers that have received a Swedish licence in the country’s new-look market also have technical equipment and a licence in Gibraltar
“By opening the communication channels between the authorities we become stronger in our supervisory activities,” Rosenberg said. “This is the beginning of a broad and long-term cooperation.
“Earlier this year we entered a MoU with Malta Gaming Authority and our plan is to initiate corresponding collaborations with more gambling authorities in Europe.”
GGD executive director Andrew Lyman added: “Gibraltar is committed to working collaboratively and effectively with first tier regulators such as the Swedish Gambling Authority who share common values in terms of consumer protection, a fair market, promoting social responsibility and reducing crime associated with gambling.”