Casinos.co.uk: Casino News Archive
Friday 7th September 2007
Sweden’s Gambling Monopoly Criticised by Local Firms
Sweden’s Social Democrat party, owners of non-profit lottery company A-lotterierna, are the latest to attack the country’s gambling monopolies, such as Svenska Spel, for pushing non-governmental organizations (NGOs) out of the lucrative online gambling market.
Talking to Sweden’s Sveriges Radio, company chief Håkan Bystedt argued that the government needed to provide NGO gambling operators equal access to run Internet gambling operations.
The NGOs' slice of the Swedish gambling market is diminishing, currently accounting for just 10 percent of market, and Bystedt pins some of the blame on state-owned Svenska Spel, Sweden’s largest gaming company with sportsbook, lottery and other gaming interests, but also argues that the government is not acting quickly enough to resolve the discrepancies between commercial and non-commercial gambling companies.
'Nothing ever became of the promises made at the beginning of the 2000s to improve the situation for non-governmental organisations,' Bystedt told Sveriges Radio.
A-lotterierna generates annual revenues of around 110 million kronor (approximately £7,995,420) for its owners, the Social Democratic Party.
Source:OnlineCasinoNews
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