In a strategic move to remain a reliable and competitive gaming destination in Scandinavia, the award-winning Videoslots has secured a licence renewal by the Swedish Gambling Authority (Spelinspektionen).
As explained by the SGA, the renewal will solidify the operator’s position in the Swedish market until 2028.
Active in Sweden Since 2019
The SGA's decision to award the maximum possible extension underscores Videoslots' commitment to compliance and responsible gaming practices. As one of the leading operators in the industry, Videoslots has been active in the Swedish market since the inception of the regulated sector in 2019.
The renewal comes at an important moment for Videoslots, following a successful year in 2023. Notably, the company celebrated the release of its 10,000th slot game and expanded its operations into the lucrative Ontario market.
Ulle Skottling, deputy CEO at Videoslots, expressed the company's satisfaction with the licence extension, commenting that it strengthens the casino’s market presence and validates its player-centric approach.
Skottling stated, “We remain strong in business and compliance, and we welcome the SGA’s recognition and ongoing confidence in our practices. The decision supports our plans for 2024.”
Moreover, the licence renewal not only cements Videoslots' standing in the European and Nordic gaming landscapes but also sets the stage for further growth and innovation in the coming years.
With a renewed commitment to providing premium gaming experiences and maintaining regulatory compliance, Videoslots is more than ready to continue its success in this ever-evolving online gaming jurisdiction.
Founded in 2011, Videoslots, headquartered in Malta, has emerged as a leading online casino, boasting a diverse gaming portfolio and a strong presence in multiple international markets.
The casino holds licenses from many reputable regulatory bodies, including:
- Malta Gaming Authority
- Swedish Gambling Authority (Spelinspektionen)
- Gambling Commission of the United Kingdom
- Danish Gambling Authority (Spillemyndigheden)
- Italian Gambling Authority (AAMS), and
- Spanish Gambling Authority (DGOJ).
Growth In Spite of Huge Settlements
The brainchild of Alexander Stevendahl, who serves as the chief executive officer, Videoslots has become synonymous with innovation and a commitment to providing an exceptional gaming experience over the years. With a vast selection of over 10,000 gaming slots, Videoslots has consistently evolved to meet the dynamic demands of the online gaming community, especially in Sweden.
Still, Videoslots made headlines in 2018, as the company reached a settlement of £1 million in fines with the UK Gambling Commission (UKGC). The regulatory authority cited historical failings to “place effective safeguards” within the casino system.
The incident served as a learning experience for Videoslots, prompting a renewed focus on compliance and player protection. That same year, the company became an official partner of the Malta Handball Association, demonstrating its commitment to community engagement and support for sports.
Undeterred by challenges, Videoslots continued its trajectory of growth. In 2020, the company expanded its product offering by introducing a sportsbook as a new vertical, providing players with an all-encompassing gaming experience.
Source:
“Videoslots awarded Swedish licence extension”, europeangaming.eu, December 4th, 2023.
