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SWEDISH GAMBLING MONOPOLY CRITICISED
With a new and more 'responsible gambling' oriented approach to business leading to management resignations this week (see previous InfoPowa reports) the Swedish state-owned gambling monopoly Svenske Spel faced new criticism from the Moderate Party’s Culture Committee next week.
The English language newspaper The Local.se reports that the committee is urging government to abandon its monopoly in gambling policy in favour of "new forms of cultural support," using as an example sponsorship of athletics, and suggesting that the government accept cultural sponsorships as tax-deductable marketing expenses.
"By ditching Svenska Spel’s monopoly and charging a [license] fee to both Swedish and foreign companies to participate in Sweden’s gaming market, the state could raise enough revenue to finance both athletics and culture," opines the committee, pointing out that the Swedish Inheritance Fund passes out SEK 300 to SEK400 million ($50 to 66 million) every year.
"More of these funds ought to be directed toward cultural purposes benefiting children, young people, and people with disabilities," the committee proposes.
The committee has released pre-presentation copies of its 'Culture 3.0' paper which is to be presented in the Riksdag on Monday and includes proposals for free library book loans, maintaining Sveriges Radio and TV as two separate entities, and better conditions for private local radio.
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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.
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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