Pinnacle Re-establishes Its Swedish Betting Site As A Fully Licensed Operator

Pinnacle Re-establishes Its Swedish Betting Site As A Fully Licensed Operator
Reading Time: 4 Min
Image: Shutterstock
An online gambling operator named Pinnacle aims to relaunch its Swedish sports betting website after two years. In two years, it applied for a license under the latest administrative regime. The main motive was to apply as well as secure a license so that it can operate in the new regulatory market of the country.

The Swedish gaming authority issued the license to Pinnacle in December 2019, but the company held off on reopening its operations until a later date. A few weeks back, the Swedish government approved the permission of a top tier football club competition called Allsvenskan to commence in June.

After looking at this great opportunity, Pinnacle has decided to reopen its website with a complete array of Swedish markets during the new season.

The Major Offerings By The Company

The company will provide a varied range of both online and offline sports betting in the country and cover all paramount sporting events along with Allsvenskan Women. It is already a renowned leader in the field of eSports betting.

As Sweden is one of the largest eSports markets in the globe, there is a great opportunity for Pinnacle to grow its sports betting in this market. Also, before halting its operation in 2018, the company saw continuous and significant growth in eSports betting in Sweden markets.

The company will drive its renowned high volume as well as the low margin model of online betting in Sweden. By maintaining an average margin of 3.7% as compared to the betting industry average of around 7.2%, the company delivers world-class and best value betting at a budget-friendly price.

It also provides a reliable, transparent, and accountable model to its customers. This exhibits the fact that the company has been permitted a license to operate in the country that has one of the major stringent regulatory rules worldwide.

Sweden Markets- A Golden Opportunity For Pinnacle

Paris Smith is the CEO of Pinnacle. According to him, the website’s reopening in Sweden is one of the proud moments for them. As Sweden is the key market for eSports betting and the company has made a huge client base which has been utilizing their product from many years.

Sweden’s betting regulator is respected globally and Pinnacle is proud to fulfill the incredibly high demands and standards they need to be acknowledged as a licensed operator. They further believe that fulfilling the needs in Sweden is a sign that they can also operate such best value products anywhere across the world.

In 2018, they left the Swedish market with a good image and now are coming back as a fully licensed operator. They completely embrace the country’s regulations and are looking forward to appropriately performing things. They now see this as a great chance to contribute to a significant gaming environment for the long term and play a major role in the development of the Swedish markets.

The company believes that the economic impact of a well-operated eSports betting system in the country could be preeminent with a major enhancement of bets in the upcoming years.

About Pinnacle

Pinnacle is a renowned industry leader in the field of online betting. With over 20 years of experience, the company provides exclusive and great value experience to its customers. In addition to online betting, it is also known for generating educational content to empower the bettors.

A consistent emphasis on building its risk management expertise has allowed the company to sustain itself as a central pillar of the sports betting industry. For years, it has been providing high limits, low margins, and an exclusive winner welcome policy to its customers.

Relevant news