This follows an independent report by the Copenhagen Economics which highlighted that implementing deposit limits on online casinos would result in “almost half if all bets” would end up being placed with unlicensed companies.
The report, which is based on turnover data, consumer surveys, interviews and international research, shows that channelisation for online casinos is forecast to fall from 75% to 52-63% if deposit limits are introduced.
In a letter sent to the Ministry of Finance, LeoVegas emphasised that “there is no reason to drive through temporary regulations” as the company believes that online casinos “are not a particularly dangerous game type.”
In a media release, LeoVegas said:LeoVegas highlighted that online casino activity had decreased during March and April of this year compared to the corresponding period last year and that, based on the regulator’s interim report published on May 19 that which is based on figures from the Swedish Tax Agency, online casinos reduced their turnover by 6% in March 2020 compared with March 2019.
Preliminary net sales for online casinos saw a decrease of 5.4% in April 2020 compared with April 2019.
The company concluded: “The guide can not see any increase in the level of gambling problems during the corona pandemic compared to before. Nor does the industry see any trends in increased risk behaviour or problem gambling.”
Source: GMB