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Enlabs revokes Swedish iGaming and betting licenses

Enlabs has announced through its Optibet brand the sale of its Swedish online gaming and sports betting licenses and a strong return next year.

Enlabs voluntarily drops Swedish licenses

iGaming and sports betting operator Enlabs he withdrew his Swedish licenses, to focus on development own technology platform . The company has promised to return to the Swedish game market and she said it was voluntary move .

"The Swedish market is very interesting for Enlabs,

George Ustinov , President and CEO of Enlabs

Owner Optibet shared the announcement of the decision on its website the flagship brand . Estonian company Enlabs has announced that it has sold its licence at online gambling and sports betting w Sweden, to undertake "product development and improvement". The company cited a "marginal positive impact" on revenue from sales of its Swedish licenses.

When it comes to state customer accounts , the company said that "all remaining funds have been refunded client," and added that she provides a ready customer service .

"Essential" support for dedicated brands

W March 2020 year Swedish Gambling Authority Spelinspektionen ordered Enlabs to enter the domestic gaming market July or surrendered its Swedish license. The operator has decided to launch Optibet website w June.

Enlabs said it expects to introduce new brands dedicated to the Swedish gaming market next summer. In addition, the company will apply for a new Swedish license as undisclosed entity created earlier this month by takeover an operator licensed in this country Global Gaming.

"However, our platform currently lacks support for Pay and Play technology, which is absolutely essential for some of the brands we intend to launch in Sweden," he stated Ustinov.

According to the CEO of Enlabs he started " internal development work " and trusts its "technology, licensing and organization with a clear marketing plan to launch several of our major brands by summer 2021."

Enlabs' broad strategy

8 December the leading online gaming operator in the Baltics has announced the appointment of Chief Financial Officer Jelena Nisa , chief accounting officer. "She has strong financial skills, strong analytical and organizational skills and exceptional attention to detail," - commented the CEO of Enlabs, George Ustinov.

Enlabs plans to expand beyond the Baltic States to become a leading global iGaming company . In the beginning November in this regard strategy the region's largest online gaming operator has acquired the company Global Gaming which he already owned 67% .

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