Playnetic, the new immersive B2B iGaming provider has been granted a Swedish licence, following regulatory approval from the Swedish Gambling Authority, Spelinspektionen.
The licence allows Playnetic to launch its catalogue of iGaming titles in Sweden, enabling the company to finalise partnerships with prominent operators across the country.
The development marks "a major step forward in supporting Playnetic’s ambitious growth plans, which include increasing its foothold in other European markets, as well as continued expansion in regulated markets across the globe", the company said in a statement.
Dan Phillips, Playnetic CEO said: “Since launching in early 2023, Playnetic has been exploring expansion opportunities in Europe to penetrate new markets and we are thrilled with achieving this milestone.
“Thanks to our experienced compliance team, we were able to obtain this licence promptly, which is a huge positive as the market entry lines up perfectly with our regulatory roadmap for 2024. We are looking forward to launching our innovative suite of games which feature captivating themes and mechanics to players and operators in Sweden.”
Playnetic will be at CasinoBeats in Malta, where the company will discuss other markets and licences that the B2B iGaming provider will be launching in.
The launch follows the Malta-based Betsson’s expansion across a number of international markets
Dilanti Media Founder and CEO Johan Styren transitions into the role of Chairman
He brings with him over twenty years of experience in executive roles across various industries
George Portelli has been with the company for eight months and served in the role of Senior Legal Counsel
Gross Gaming Revenue reached €110.9 million, up 18.3%