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Swedish Gambling declined for a third straight year

Saturday February 8,2014 : ONLINE GAMBLING ADVERTISING RESTRICTIONS ARE NOT HELPING THE SWEDES
 
Official numbers show the national market has declined for a third straight year
 
Despite a state-sponsored monopoly and vigorous attempts to stop foreign rivals from advertising , the Swedish market has experienced its third consecutive year of declining turnover, with chief regulator Håkan Bergstedt comparing the calmer environment to a similar, quieter trend in other European national jurisdictions.
 
The national regulator, Lotteriinspektionen disclosed in its latest report that 2013 again saw lower total turnover figures at SEK 46.8 billion - around $7 billion, marginally down 0.3 percent on 2012...but down nevertheless.
 
Further evidence of the only partly successful attempts to exclude competition in 2012 is the disclosure that revenues departing the Nordic country rose 2 percent to SEK 2.3 billion...money that could have boosted the national total in revenue terms to SEK 19.6 billion (legal Swedish revenue came in at SEK 17.3 billion as household expenditure on gambling remained flat.)
 
As expected, Svenska Spel - the state-sponsored gambling monopoly in Sweden, generated the most revenue, with SEK 8.6 billion coming from non-casino activity, whilst the company's Casino Cosmopol contributed revenue of SEK 1.1 billion - little changed from 2012.
 
The Swedish national lottery reported turnover up at SEK 5.7 billion, but horse racing wagers fell 2 percent to SEK 12.1 billion, delivering revenue of SEK 3.6 billion.
 
Bingo continued to pull the players in, with turnover just exceeding SEK 1 billion, whilst the casino-restaurants sector saw business drop 7.5 percent to SEK 458 million.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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