Sweden’s gambling monopoly blamed reduced turnover and tumbling profits during the past year on an increased emphasis on responsible gaming, but said it is looking to offer a broader range of games to stay competitive.
Domestic Poker Sites Face Costly Tax Probe In Sweden
14 Jan, 2011
Sweden’s tax authorities are to investigate more than one hundred online gambling firms registered offshore but suspected of running their businesses from within Sweden.
Shake-Ups A Way of Life At Svenska Spel
30 Jun, 2010
The Swedish gaming monopoly Svenska Spel has jettisoned its chief executive Meta Persdotter, only weeks after the untimely exit of marketing director Tomas Agrell. The government-owned monopoly cited a failed reorganisation of the company as the reason for the overhaul.
Svenska Spel’s Internet Terminals Under Fire
16 May, 2008
Swedish gaming operator Svenska Spel has been threatened with heavy fines for placing potentially illegal gaming machines in retail outlets. The machines in question, although marketed as internet terminals, are alleged to be pre-programmed gaming machines with shortcuts to Svenska Spel online.
Change In Approach Prompts Further Bloodletting At Svenska Spel
02 May, 2008
Following the departure of the company’s CEO just weeks ago, Swedish monopoly gaming operator Svenska Spel has been affected by two more defections in its ranks. Two divisional managers resigned this week, indicating their reluctance to embrace the change in managerial direction away from market competitiveness towards a more restricted offering favoured by the Swedish government and the company’s new chairwoman.
CEO’s Resignation Spels New Direction For Svenska
22 Apr, 2008
Svenska Spel’s Jesper Kärrbrink announced yesterday that he is to step down from his role as CEO of the company. The announcement comes less than three weeks after the appointment of a new chair to the Svenska Spel board, and furthers speculation that the state-owned gaming operator is likely to witness a restriction in its room to manoeuvre in the Swedish market over the coming months.
Tounge-Tied Swedes Obscure Svenska Spel’s Future
11 Apr, 2008
Ministerial rhetoric on reshaping gambling monopoly Svenska Spel into a more socially responsible operator has evidently not been communicated to Brussels, as time runs out for Sweden to answer EU concerns. The appointment of a new chairman for the operator, widely regarded as unsuitable for the role, has also raised questions about government indecision.
Sweden To Hold Fire On Betting Ad Prosecutions
13 Mar, 2008
Under fire from the EU over its gaming laws, Sweden’s prosecutors have now been advised to halt their attempts to prosecute media organisations that accept advertising from foreign bookmakers. The delay, ordered until the EU completes its infringement processes, means that many of the ongoing cases will expire before they can be tried.
Swedish Bingo Operators Cry Foul
22 Feb, 2008
Svenska Spel’s new Bingo Live product has caused a stir in Sweden with accusations flying that it has gone into competition with bingo organised by the country’s sporting associations, but on totally different terms. Now Svebico, the sports body’s bingo organisation has decided to take action and has reported Svenska Spel to the Lotteriinspetionen, Sweden’s gaming authority.
Svenska Spel’s Rogue Investments Under Fire
18 Dec, 2007
Swedish gambling monopoly Svenska Spel has been prolific in its announcements of overseas expansion in 2007 but as the year draws to a close it is becoming clear that many of the deals were never approved by the Swedish government and now face being unwound.