Are you a fan of online gambling? If so, you should be aware of the importance of playing at licensed online casinos. Only licensed gaming sites are considered reliable and safe for players to make deposits and don’t worry about money transfers and withdrawals.
Nevertheless, many Swedes have a misconception of the term “casino without a Swedish license” by thinking they aren’t allowed to play on such sites. While these casinos aren’t licensed in Sweden, they have a permit from a gaming authority in another country, such as Malta, Estonia, Curacao, the UK, Gibraltar, etc.
If you wish to spela casinon utan svensk licens, here is everything you need to know about these gaming providers.
When was Sweden’s gaming license created?
The Swedish Gaming Inspectorate has had the monopoly of gaming licenses in Sweden for a long time. Nevertheless, the onset of 2019 brought a new law related to gambling. In accordance with the new law, gambling sites are required to follow the rules of the Swedish Gaming Inspectorate in order to obtain a license.
The sole purpose of this license is to provide players with a choice of reliable and transparent gaming websites through game and bonus limits. The ultimate goal of the Swedish authorities is to prevent gambling addiction by offering greater control to players over the process. Hence, gamblers can keep track of the sum of money they spend and the frequency of playing.
Casinos without a Swedish license
Despite the introduction of the new law, not all online casinos have obtained a Swedish license. Those without a permit contain no locking system, which is typical for licensed national gaming sites. This system permits players to take a break from gambling by locking themselves out from all casinos, either permanently or for a limited time period.
In contrast, gambling sites without a permit have no such locking system, as they aren’t connected to the national system regulated by the Swedish Inspectorate. Consequently, players aren’t faced with any restrictions or breaks. Many Swedes are interested to learn whether they can play at casinos without such a license. The answer to this popular question is that Swedes aren’t prevented from playing at foreign gambling websites. Nevertheless, they should always be cautious when it comes to taxes.
Moreover, many players wonder why foreign casinos refuse to apply for a Swedish license. The truth is they don’t submit an application because the process is relatively expensive. Also, the sum foreign casinos are required to pay to become licensed in Sweden is valid for a one-year license, which they might not even obtain in the end.
Apart from finances, foreign companies aren’t willing to apply for such a permit due to political reasons. According to the new Swedish gaming law, no gaming company is allowed to have more than four licenses. Those companies that have multiple foreign permits don’t wish to lose any of their existing permits, hence avoiding applying.
Trusted gaming licenses
Malta Gaming Authority (MGA) is the most popular gambling license, owned by the majority of active European casinos. The authority is located on the island of Malta, in the Mediterranean, and was founded in 2001. It imposes strict requirements on casinos hoping to get their application approved, meaning players can feel safe. Read here about the history, structure, and functions of MGA.
Many gaming companies decide to settle on Malta because of the low taxes and business benefits. They are capable of providing players with unlimited bonuses while offering safe games. Swedish players can legally play at such casinos and enjoy all the benefits. Nevertheless, they cannot close their accounts through Spelpaus.
The British Gambling Commission is another popular gambling authority, which places the focus on responsible gaming. The same goes for the Gibraltar license, created back in 2005, providing permits for lotteries, casinos, betting, slots, etc.
In contrast, Curacao is a Caribbean island and a country that has provided gambling permits for the longest time. Given Curacao isn’t located in Europe, Swedes are required to declare their winnings and pay taxes. Additionally, Estonia is a European country that introduced the opportunity for foreign players to play at its casinos and earn tax-free winnings.
Since most players are concerned about taxes, every individual should get educated on this topic prior to playing at a casino without a Swedish license. Paying taxes depends on the location where the permit is issued. While winnings in European casinos are tax-free, Swedes are taxable on their earnings in countries outside of Europe.
Deposits and withdrawals
Prior to playing at a gaming site without a Swedish license, players should get informed about the payment methods. The good news about these casinos is that they offer more payment options to gamblers. The most common payment methods for making a deposit include credit cards, debit cards, like VISA and Maestro. Additionally, Zimpler is another payment option chosen by most Swedes.
The process of making a withdrawal on these sites is straightforward as well. Apart from Trustly, players are offered many other options, such as bank transfers, e-wallets, credit and debit cards, and mobile payments. Almost all gambling sites feature a FAQ section or customer support. Swedes can use both to inform themselves about the payment methods and the length of money transfer.
In terms of safety, the transactions to and from the casino are protected with the help of SSL encryption and firewalls. Players are rewarded not just with safety but with fast deposits as well.
Regarding bonuses, casinos without a Swedish license are more are far more generous than those with one. The latter is allowed to issue no more than a single bonus, whereas the former has no such limitations in this aspect. Reading the bonus terms is highly recommended in order for players to get familiar with wagering requirements, which differ across gaming companies.
Get familiar with the terms and conditions of every online gambling provider before making a deposit!