In a move that signifies a major leap towards market expansion, Solidicon has strategically partnered with BetComply. This collaboration is highlighted by the acquisition of a Swedish B2B license, a crucial step that enables Solidicon to present its innovative gaming portfolio, including notable titles such as Navigator and Swiminator, to operators within Sweden’s regulated market.
The Swedish B2B License: A Gateway to Regulated Markets
The introduction of the Swedish B2B license in 2023 represents a significant regulatory milestone, setting a new standard for suppliers aiming to engage with operators in Sweden. This development is part of a broader trend towards increased regulation, with supplier licenses becoming essential for market participation.
“It has never been more important for game studios to align their operations with regulatory demands. Our partnership with Solidicon is geared towards achieving precisely that,” – Mike de Graaff, Chief Compliance Officer at BetComply.
Sweden: A Market of Opportunity and Challenge
Since its re-regulation in 2019, the Swedish gambling sector has been a focal point for companies aiming to promote responsible gambling and operational transparency. However, the market is not without its challenges, including concerns over black market activities. Solidicon, based in Gothenburg, views its partnership with BetComply as a strategic advantage to strengthen its market position and explore further expansion into regulated territories.
Unlocking New Avenues for Growth and Innovation
- Strategic Milestone: The acquisition of the Swedish B2B license is a pivotal moment for Solidicon’s market expansion strategy.
- Expertise and Support: BetComply’s compliance expertise is seen as invaluable for navigating the complexities of regulated markets.
- Future Prospects: This partnership is not just about Sweden but also about exploring opportunities in other regulated markets, similar to the success stories of companies like Allwyn, which has made revenue gains in four out of five core markets.
“Securing the Swedish B2B license marks a crucial milestone in our strategy to extend our reach within regulated markets. With BetComply by our side, we anticipate a smoother journey ahead,” – Richard Rydell, COO at Solidicon.
Conclusion: A Partnership Poised for Success
The alliance between Solidicon and BetComply is more than a collaboration; it’s a strategic move designed to navigate the evolving global regulatory landscape efficiently. By combining Solidicon’s innovative game portfolio with BetComply’s compliance expertise, this partnership is set to unlock new growth and innovation opportunities within the casino industry’s regulated sectors.
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