SYNOT Games has elaborated on what has been hailed as a “huge moment” for the igaming supplier after being named as one of the first recipients of a Swedish B2B supplier licence.
This was confirmed earlier in the week by the country’s gaming authority, Spelinspektionen, with SkillOnNet and Swedish group Programutvecklare i Norrköping also among the maiden three parties to receive the green-light.
“Being compliant in the gaming market is the most important area for us and we are delighted to be awarded a licence by the Swedish Gaming Authority that ensures a continuance and development of our hit games in the regulated igaming territory,” commented Martina Hrabinská, CCO at SYNOT Games.
As a result of the approval, SYNOT noted, the group has been found to be “fully compliant with all the country’s player safety obligations” after “satisfying the Swedish regulatory requirements”.
The aforementioned trio became the first licenced gaming suppliers in Sweden, as of July 1, 2023, with the permits covering an initial five year period.
The regulator also updated that it currently has around 60 applications to review following an acceptance period opening from March 1, 2023.
“Achieving this licence and becoming one of the first gaming providers to receive a Swedish licence is a huge moment for us,” said Ivan Kodaj, CEO at SYNOT Games.
“The Swedish gaming market has undergone a major change in a short time, and I am honoured that SYNOT Games can keep up with new market standards.”