Malta’s MRG applies for Swedish license

Malta-based MRG has set its sights on a Swedish online gambling license.

In a statement, MRG CEO Per Norman said, “Finally, Sweden has become a regulated market,” referring to the June passage a legislation opening Sweden’s online market to international gambling operators, effective 2019. MRG’s subsidiaries, Mr Green Ltd and Evoke Gaming Ltd, have applied for the Swedish licenses.

MRG is already operating in 13 markets, and has gaming licenses in Italy, Latvia, Malta, and the UK, as well as a casino license in Denmark and a sportsbook license in Ireland. In its Swedish license application, MRG included its online gambling sites Mr Green, Redbet, Vinnarum, Bertil, and MamaMiaBingo.

The company reported for the first half of the year revenue of SEK793.8 million ($86.66 million), a 40.8% increase from the same period last year. Earnings before interest, depreciation and amortization (EBITDA) amounted to SEK91.2 million ($9.96 million).