Why are new casinos being released despite new regulations?

In these corona times, there aren't many industries that haven't been negatively affected and experienced a drop in revenue. When entire countries shut down and people are quarantined, it's not a surprising result. However, the casino industry is one industry that has been affected surprisingly little due to this horrible virus. Despite strict regulations, new casinos continue to emerge, driven by innovation and player demand. These platforms often adapt to changing laws by offering unique features, such as gamification or crypto-based transactions. Similarly, the broader entertainment world sees parallels in the persistence of new ideas, such as the European Super League in football. Just as regulations reshape casinos, the league reflects how industries innovate despite controversy. Learn about the key moments and facts surrounding the European Super League and draw comparisons to the dynamic casino industry.

This is probably due to the fact that people have been spending more time at home, which has given them more time to gamble online. Now, during the month of July, a couple of temporary laws were introduced when it comes to online gambling in Sweden. Despite these regulations, new casinos have been popping up, and below we'll explain why.

Why is the gambling industry booming?

Despite all these regulations, online casinos are still thriving in Sweden. So why is this happening? It's actually not easy to answer this question. However, it is reasonable to believe that it is largely because people simply enjoy gambling. Betting money and having the opportunity to make a lot of money is a very titillating thought for many and something that brightens up everyday life.

The fact that more people are spending more time at home than usual can also have a big impact on the fact that more and more people are choosing to start playing at online casinos. People simply have nothing better to do and therefore choose to play simply.

Because there is a great demand for casino games, companies see their chance to launch new casinos. On the Zamsino website you can find all the latest gaming companies on the Swedish market. The editor-in-chief of this website is Erik King who has worked with casinos for many years.

Despite strict regulations, new casinos continue to emerge, showcasing innovation and catering to changing player preferences. However, the industry isn’t without its challenges, with certain blind spots in the online casino sector needing attention. These gaps highlight the need for better transparency and player-focused solutions as the market evolves.

Tough governments since the beginning of 2019

As early as January 1, 2019, the Swedish government began to introduce new gambling laws that tightened the freedom of gambling companies on the Swedish market. Among other things, the state introduced a gambling license that gambling sites had to have in order to conduct their business with Swedish players.

To be awarded this license, the gambling companies had to comply with a whole series of different new laws that basically aimed to give the state more control over the gambling companies in Sweden and also to protect the player.

This July, a new temporary deposit law was introduced for Swedish online casinos. The purpose of the law is to further protect players from gambling addiction during these stressful times when many people live on limited incomes. The deposit restriction allows players to deposit only SEK 5,000 per week to play. However, as mentioned, the regulation is only temporary and only applies throughout the year.

We at Alla Svar believe in a continued positive future for casinos in the Swedish market. The deposit limit will most likely affect the gaming companies' future results a little, but since the regulation is only temporary, everything will probably go back to normal after the turn of the year.