Swedish Gambling Regulator Extends MoU Agreement with UKGC

In November 2019, Spelinspektionen, the Swedish gambling regulator, inked a Memorandum of Understanding (MoU) with the gambling regulator in the UK, the Gambling Commission. The international collaboration focused on identifying best practices, exchanging information and ensuring the sustainable growth of the two markets.

The strategic MoU between the Gambling Commission and the Swedish gambling regulator was extended earlier this week. The announcement came during Spelinspektionen’s industry seminar at the Vasateatern in Stockholm which took place Tuesday. Ultimately, the duo will continue its effective collaboration, exchanging information and discussing some of the best practices for the regulation of gambling.

A statement released by Spelinspektionen confirmed that the MoU was signed between the Gambling Commission’s deputy chief executive officer, Sarah Gardner and the Swedish gambling regulator’s director general, Camilla Rosenberg. The recently extended agreement underlines the success of the collaboration between the duo so far. Moreover, the extended MoU paves the way for the future exchange of information and good relations between the authorities.

Currently, Spelinspektionen also has other active collaborations with gambling regulators across Europe. The Swedish authority has previously signed MoUs with the gambling regulator in Gibraltar, as well as Malta. What’s more, Spelinspektionen has such active agreement for the exchange of information with the Netherlands’ gambling authority as well.

“The renewed cooperation agreement was signed by Sarah Gardner, deputy chief executive officer at the Gambling Commission and Camilla Rosenberg, director general at the Gambling Authority,“

reads a statement released by Spelinspektionen

The Collaboration Will Help Make Each Market Safer

The latest announcement comes after the Swedish gambling regulator released insights regarding its market performance throughout 2023. Spelinspektionen reported that its market had a $2.6 billion turnover for last year, a result that marked a less than 1% decrease when compared to the 2022 figure.

According to the Swedish gambling regulator’s data, Casino Cosmopol, Svenska Spel’s casino brand, posted an 11.4% decrease in turnover. On the other hand, the slot machine brand Vegas saw a decrease of 3.6% in turnover for 2023.

“By working together, we can achieve our common goals of a healthy and safe gambling market.“

Camilla Rosenberg, director general of Spelinspektionen

Rosenberg, Spelinspektionen’s director general, was excited about the extended MoU with the Gambling Commission. She spoke about the global gambling sector, outlining that it is good to have effective relationships with other regulatory bodies.

The director general acknowledged the differences between the markets in the UK and Sweden but added that those differences can help each of the regulators learn from the other. Finally, Rosenberg explained that the cooperation between the duo will help each regulator make its respective market safer.