NEW LOCATION

Olá Brazil Brazil NVMe-powered VPS Plans in Brazil Now Available.

Deploy Instantly
  • +357 2425 0808
  • Login
  • English

Home

Blog

Total ban on online gambling advertiseme...

Total ban on online gambling advertisements may implemented in Sweden

Total ban on online gambling advertisements may implemented in Sweden

NetShop ISP

NetShop ISP · Blog Author

May 06, 2019 · Archive

The Minister for Public Administration in Sweden, Ardalan Shekarabi, recently announced the formation of a commission that will decide whether a “total or partial ban on gambling advertising” should be implemented. If a blanket ban is implemented, then the former gambling monopolies of the state will only strengthen their dominance in the industry.

Shekarabi also announced that the commission had been directed to deliver the verdict by October 1, 2020. The commission will consider a blanket ban on all gambling ads, as is the case with tobacco, along with specific conditions of certain gambling products which are seen as more dangerous for the public, such as online casino games. On top of this, the commission will decide on the limits on the sizes of bonuses that operators offer, as well as jackpots and free-plays. Shekarabi added that the duty of the commission includes determining whether to restrict all kinds of gambling advertisements during broadcasts of live sports, following in the footsteps of other markets.

The minister described the current gambling ad situation in the country as an “unsustainable” scenario because of many issues with “both content and scope.” This is not the first time that Shekarabi has taken steps to curb the nation’s gambling industry. For years, the minister has been calling for what he termed as “moderate advertising” for the gambling industry and has also repeatedly warned the new licensees to follow the rules and regulations.

Initially, Shekarabi directed the new online gambling licensees in Sweden to come up with an industry-approved advertising approach. He gave them till March 31 to submit their proposal. However, he ultimately decided that their proposal was not good enough to offer the desired level of consumer protection.

Good news for state-run gambling monopoly

Earlier in April, Svenska Spel, the former betting monopoly which is run by the state announced that it would stop the advertisement of its new online casino products. After Shekarabi’s announcement, the CEO of Svenska Spel, Patrik Hofbauer commented saying that the minister’s decision was a “step in the right direction.” He added that his company was setting an example for the rest of the industry.

Hofbauer’s company, Svenska Spel and another state-run company called AGT are dominating the newly regulated gambling market in Sweden. However, their competitors have complained that the two companies have unfairly marketed their offerings using their land-based customer databases.

Press Releases
78

Free VPS Trial

No Credit Card Required.

Recent Posts

How To Extract Certificates and Private Key from .PFX file

How To Extract Certificates and Private Key from .PFX file

19 November, 2024

NetShop ISP CEO Stefano Sordini to Moderate Key Panel on Forex AI Automation at Cyprus Fintech Summit 2024

NetShop ISP CEO Stefano Sordini to Moderate Key Panel on Forex AI Automation at Cyprus Fintech Summit 2024

15 November, 2024

Preparing for the Daylight Saving Time (DST) Change: Essential Updates for MetaTrader 4/5 Platforms

Preparing for the Daylight Saving Time (DST) Change: Essential Updates for MetaTrader 4/5 Platforms

25 October, 2024

NetShop ISP Celebrates 20 Years of Innovation and Excellence in Hosting and Data Center Solutions

NetShop ISP Celebrates 20 Years of Innovation and Excellence in Hosting and Data Center Solutions

22 October, 2024

NetShop ISP Makes Waves at Forex Expo Dubai 2024: Showcasing Cutting-Edge Hosting for the Financial Services Industry

NetShop ISP Makes Waves at Forex Expo Dubai 2024: Showcasing Cutting-Edge Hosting for the Financial Services Industry

09 October, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer