EU reviews online gambling
Swedish Radio News reports that the European Commission wants a report from the Swedish government on how online gambling works in this country.
The Commission is studying the Internet gambling market. Swedish conservative Moderate MEP Christoffer Fjellner tells Swedish Radio News that he thinks this may be the beginning of the end of the monopoly held by the state-owned Svenska Spel:
“I’m completely convinced that the days are numbered for the Swedish gambling monopoly in its present form”, he says.
It’s legal here to access private gambling websites outside Sweden, and Swedes spend more than US$ 600 million dollars a year on such sites. But the companies behind them are not allowed to have Swedish operations. Britain’s Ladbrokes has long sought to enter the Swedish market, without success.
A government study on the issue was presented in December 2008, but the government has failed to act on its recommendations. Currently the gambling monopoly gives the state more than US$ 800 million in revenues a year.