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BETSSON LAND SHOP NOW OPERATING

Last Friday's opening in Stockholm of the Betsson online gambling group's first land betting shop in Sweden went as planned, generating significant local media interest in its challenge to the Swedish government's monopoly.
 
It wasn't long before the government's lottery inspectors filed a police complaint, alleging that Betsson had infringed article 38 in the the Swedish lottery laws, although it is not immediately apparent what concrete action against the gambling firm is contemplated.
 
In a company statement, Betsson additionally claims that lottery officials are threatening the company with an unspecified fine.
 
Ironically, the management at Betsson consulted with the lottery inspectorate prior to opening the doors of its new Stockholm premises...and the officials concurred that there were arguable provisions in the Swedish law that might conflict with European Union requirements, according to Betsson CEO Pontus Lindwall.
 
“At the meeting the Lottery Inspection agreed with us that some parts of the Lottery Act are dubious and may not comply with EC law," recalls Lindwall this week. "I am therefore very surprised of the actions taken by the Inspection the last couple of days. An authority should not take actions on a weak basis, which can hurt a particular company,” he said.
 
If Betsson is hurt by official action that proves to be flawed, it could prove an expensive business for the government. Lindwall indicated before the Stockholm betting shop commenced operations that faulty official action that hurt his company in any way would be met by litigation and serious claims for damages.
 
This week Lindwall remained defiant, asserting that his company would keep the betting shop open despite the Swedish authorities, and was prepared to contest the legality of its actions under European Union law.
 
”Given the current legal position, the Lottery Inspection's actions are perilous," the determined online gambling executive said. "If these actions harm Betsson in any way, we will demand damages. We are convinced that the gaming monopoly will be declared illegal by EC court.”
 
Betsson has consistently claimed that it has the right to provide gambling services to European Union member states, as empowered by the EU Treaty, which overrides local monopolistic legislation.
 
Company spokesmen this week confirmed that the launch went well, and the facilities offered had been well received by the new shop's many visitors.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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