Yggdrasil, a prominent company in the iGaming industry, has been granted a supplier permit to continue offering its services in Sweden. Possessing a gaming license is now a fundamental requirement in Sweden for gambling software suppliers due to recent regulations that will go into effect on July 1st.
Petter Envall, General Counsel and Chief Legal & Compliance Officer at Yggdrasil, said: "Remaining compliant in all jurisdictions in which we operate is critical to us and has always been a key priority for Yggdrasil."
On March 1st, the Swedish regulator started accepting applications, and on March 22nd, Yggdrasil was among the first to be awarded a permit. This permit allows Yggdrasil to provide its games to licensed operators in Sweden legally, a prominent market where it has an established presence and history.
Petter Envall, General Counsel and Chief Legal & Compliance Officer at Yggdrasil, added: "Sweden is one of our core markets, and the team was fully focused on submitting our application for the new permit as soon as the application process opened. Yggdrasil has a clear regulatory strategy focus, and we maintain very close relationships with our locally regulated operators. Yggdrasil encourages other vendors to apply for this license, and I would like to give praise to the Swedish Gambling Authority for a very simple and straightforward process for administrating these permits."
Yggdrasil was established in 2013 and has since become a significant player in the gaming market. Drawing its name from Norse mythology, which translates Yggdrasil as "the world tree," the company is known for making award-winning games and forming strategic partnerships with other operators.
Their slots are available in 17 regulated markets, offering its partners various resources, such as YG Franchise, YG Masters, and GATI.
Yggdrasil Gaming has made a name for itself in the gaming industry with its vast selection of slots with a great mix of features, themes, and game mechanisms. By forming tactical collaborations with different game operators, they can draw on the inspiration and expand their knowledge base into developing exciting slot games. Players can enjoy bonus features like Gigablox, DoubleMax, and Pick & Click, with the potential to generate big wins. Furthermore, their slots are known for their sharp design and high max win potential.
Yggdrasil has won numerous awards for its innovative game development, including "Slot Provider of the Year" and "Innovator of the Year." It constantly pushes boundaries to provide its players with the best experience possible.
The Swedish Gambling Authority is the government-appointed body responsible for ensuring the Swedish gaming industry's legality, safety, and reliability. Focusing on providing players with the tools needed for fair gaming, they strive to maintain a transparent and balanced market while reducing any potential negative social impacts of gambling.
The Authority issues permits for lotteries and has overall control and supervision of gambling activities in Sweden. The Director General oversees all operations and is a member of the Board, which the government appoints.