Swedish gambling monopoly Svenska Spel looks much closer in losing their position in the Sweden’s gambling market after the annual conference of the Moderate Party saw a vote in support of a proposal to abolish the current government monopoly and to pursue a course to privatize Svenska Spel.
A formal timetable for the process of de-monoplozation is not public yet, so the problems of complying with the EU regulation still remain .
On Friday, Svenska Spel announced that a state-controlled gaming company had obtained permission from its government to offer online poker in cooperation with Svenska Spel and its online-gaming software supplier Boss Media. While the name of the procuring company was not disclosed, they are a member of The World Lottery Association and will use Boss Media’s software and Svenska Spel’s security and supervision systems. Why would Sweden want to sell off this successful moneymaking venture? While the company has come under fire for targeting the poorer population of Sweden and overly aggressive advertising campaigns, the real answer probably resides with Sweden’s current issue with the European Union.
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