BetConstruct is thrilled to announce that it has obtained an online gambling and betting license for its sportsbook and casino products by the Swedish Gambling Authority (SGA) or Spelenspektionen.
The new license has been awarded to the firm’s B2C subsidiary Vivaro Limited and will give BetConstruct’s Vbet and Ohmbet brands the opportunity to offer online casino games and sports betting services in Sweden where 97 companies are now in possession of active licenses. The new license covers sports betting and online gaming via the Vbet and Ohmbet brands and is valid until June 2023.
The license is the latest to be obtained in a major market for the technology provider as it has previously been awarded licenses in the United Kingdom (UKGC), Malta (MGA), Italy (ADM), Isle of Man (GSC), Romania (ONJN), South Africa (WCGRB) and France (ARJEL).
Vigen Badalyan, the Chief Executive Officer at BetConstruct, commented on obtaining the license by saying that while this has been a long and arduous road, they are honored and excited to have the approval of the Swedish Gambling Authority.
Badalyan went on to say that BetConstruct gets the green light to offer its robust and advanced solutions in the Swedish market, where operators will benefit from their software in a secure and reliable environment and as seamlessly as in other regulations.
The Swedish market has been criticized in the past few weeks for exceeding provisos on licensed sports betting and online casino operators which has resulted in punters being pushed to the illegal market.