1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Follow Casinomeister on Twitter | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Svenske Spel monopoly could stay

Discussion in 'Casinomeister's Poker Room' started by jetset, May 24, 2007.

    May 24, 2007
  1. jetset

    jetset RIP Brian CAG

    Senior Partner, InfoPowa News Service

    Gambling firms await decision on Svenske Spel poker

    The giant Swedish government gambling monopoly Svenske Spel, which has proved a formidable opponent in the Scandinavian online poker sector, could continue to pose a threat despite the possibility of European Union action to liberate the flow of goods and services in the member nation.

    Scandinavian reports indicate that the Swedish finance minister, Anders Borg, may take his lead from UK Chancellor Gordon Brown in using high tax rates and stringent regulations to discourage competing companies from entering the Swedish market, thus officially curtailing the monopoly but discouraging replacements.

    One of the election promises of the Swedish alliance of middle and right-wing political parties last year was to abolish the state gambling monopoly.

    Veckans Affrer, a Swedish business publication reported this week that it has received information indicating that Svenska Spel will be allowed to maintain its monopoly, primarily due to the significant revenues that it generates for the state. In the first quarter of 2007, Svenska Spel recorded a net profit of Euros 157 million from revenues of Euro 260 million.

    The report goes on to suggest that the Swedish finance ministry is currently working on a licensing and taxation regime so tough as to deter all but the most determined foreign competitor.

    In order to placate the EU, Svenske Spel may be compelled by government to cut marketing activity significantly and restrict new games development, at the same time improving on compliance technology.

    The timing is right for a statement by the minister - this week marks the end of a two month EU deadline for countries like Denmark, Finland and Hungary to modify their gambling legislation or face possible litigation in the European Court of Justice.

Share This Page