Racing association may set up company in Malta
A major Swedish sports association says it is considering opening a betting company in Malta, to get around the Swedish gambling monopoly.
Svensk Travsport is the national association for harness racing, a sporty where horses pull a small wagon at a trot, and very popular in Sweden.
The racing association already owns betting company ATG, but chairman Hans Ljungqvist says to Swedish Radio News that he wants the company to compete on equal terms with Internet-betting websites based abroad.
He says that more Swedes are now betting their money via foreign websites, which can offer higher odds. A recent change in the law made it possible for Swedes to use gambling sites based abroad. Sweden has a gambling monopoly, and the state owns the main company, Svenska Spel.