GOOD REWARDS FOR SWEDISH GOVERNMENT POKER MONOPOLY
30 March 2007
2006 was a good year financially for the Swedes
The release of the 2006 financial results by Swedish
government gambling monopoly Svenske Spel underlines one
reason why a state dominated online gambling asset is a
difficult thing to share.
The government owned and licensed online gaming company
posted record profits of $685 million for 2006, thanks
mainly to online poker division operations and in just
over a year since the decision was made to enter the
sector, powered by Boss Media.
"It has really fulfilled its purpose of bringing home a
big part of Sweden's unregulated poker playing to a
responsible environment within the country's borders,"
stated Jesper Karrbrink, the CEO of Svenska Spel AB,
adding that the goal was to transfer existing Internet
poker players from an unregulated market to a regulated
one.
Svenske Spel's payout should encourage further the
government of the Netherlands, which announced earlier
this year (see previous InfoPowa report) that it is to
partner with turnkey provider Cryptologic in launching a
new online casino and poker site later this year. But
that could carry its own complications as the Dutch are
members of the EU, which is insisting on the free
passage of goods and services between EU member states.
Online Casino News courtesy of InfoPowa
More news here.
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