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Pragmatic Solutions certified in Sweden

Thu, Aug 8, 8:02am by Staff Writer

Online gambling platform Pragmatic Solutions has recently marked an important milestone after receiving product certification in Sweden.

The company has added Sweden to the list of regulated territories it has been authorised to provide its PAM iGaming platform and has extended its availability in the lucrative and recently regulated market.

Casino News Daily is reporting that Pragmatic Solutions noted in a recent press release that Sweden has long been an important and extremely popular iGaming destination and after the recent reorganization of the market, the company’s certification was a necessary step in order for it to be able to tap into the regulated space and to provide its existing and new clients with its services.

Headquartered in Gibraltar, Pragmatic Solutions provides an online gambling platform that services all sectors of the growing iGaming and betting industry.

The PAM platform is flexible, modular and fully API based, and features complete UI control and powerful CMS as well as back office, CRM and wallet.

The platform also includes iGaming content by a number of third-party providers of products for the online gambling industry.

Most recently, Pragmatic Solutions announced that it has agreed to add online gaming content by Greentube, a division of gambling giant NOVOMATIC Interactive.

Under the terms of the deal, clients of Pragmatic Solutions now have access to Greentube’s most popular titles, including Book of Ra, the Reel King series, and Lord of the Ocean, among others.

Upheaval in Sweden

Sweden reorganised its online gambling market earlier this year, opening the door for international iGaming and online betting operators to enter the space and operate in a regulated environment.

As a result, multiple operators have been licenced by the local regulator, the Swedish Gambling Authority, and content and service providers have been certified to offer their products to licensed operators.

Of their latest milestone, Pragmatic Solutions Business Development director Mark Woollard said that this latest certification has shown that their platform is “capable of developing in an agile and effective manner when a client requests a new territory.”

Mr Woollard added that Sweden is a strategic market to many of their clients and that they are excited that their product can now serve their needs.

Pragmatic Solutions’ platform has great standout progress since the beginning of the year and its latest certification “adds more weight to that progression” the company official elaborated.

News about Pragmatic Solutions being certified in Sweden came shortly after the provider revealed that it has secured GLI-19 certification from Gaming Laboratories International.

The certification covers “best practice standards” across a number of European jurisdictions, including the United Kingdom, Malta and Gibraltar, and non-European ones such as the United States and Canada.

26 new licenses for international operators in Sweden

The Swedish Gambling Authority granted 26 licenses in the week before Christmas as the nation prepared for a reorganisation of its gambling markets in 2019.

Lotteriinspektionen, soon to be known as Spelinspektionen issued 26 licenses, ensuring the authority has granted 57 licenses since November, 2018.

Sweden invoked new gambling laws from January 1, 2019 with the aim of allowing international markets to operate in a regulated, local environment.

Targeting Swedish gamblers without a license from the regulator once the 2019 year commenced was illegal, with many companies applying for licenses yet to receive them at the turn of the calendar year. They will be prohibited from operating in Sweden.

If these companies are found to have violated the new rules, they will be deprived of the chance to receive authorisation to enter the Scandinavian country’s newly liberalised market.

The move comes as Sweden’s gambling market has grown primarily due to unlicensed operators.

Figures from Lotteriinspektionen reveal a 12.4 per cent growth during the first three quarters of 2019 alone.

Unlicensed operators have generated SEK4.546 billion during that time, with members of Sweden’s regulated market posting a 2.4 per cent loss in that same time span, to SEK 12.239 billion.

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