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Sweden Wants More Open Online Gambling Market

Saturday November 15,2014 :  SWEDISH OPPOSITION M.P. WANTS A MORE OPEN ONLINE GAMBLING MARKET
 
More pressure on the government to move away from its monopoly policies.
 
Already under pressure over its online gambling policies following the referral of its laws to the European Court of Justice by the European Commission  the Swedish government came in for attack from within last week.
 
Opposition MP Gustav Hoffstedt of the Moderate Party, proposed a motion in parliament that the government should switch from its indefensible monopolistic policies regarding internet gambling to a more open licensing and regulatory system allowing other operators into the market.
 
Hoffstedt says that it is clear that many Swedes continue to play on offshore sites outside the reach of Swedish enforcement, and that the monopoly exercised through state-owned Svenska Spel is not performing as originally intended.
 
The latest European Commission developments in the long-running saga of Swedish online gambling underlined the need for changes which could see a wider range of competitive offerings, he noted, adding that a number of the leading and respectable companies in the online gambling sector were Swedish in origin, but had been compelled by the country's laws to base themselves elsewhere.
 
But he stressed that entry requirements must be stringent and strictly enforced

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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