Sweden's state owned gaming firm Svenska Spel AB today posted its 2006 profits, proving that online gambling is more popular than ever in Scandinavia.

Profits for the firm reached $685 million during 2006. These were boosted by Svenka Spel's decision to launch its own online poker operations in March.

In an interview with Swedish newspaper Dagens Industry, Svenka Spel's CEO Jesper Karrbrink said 20006 has been the best year so far for the government-owned firm. "It has really fulfilled its purpose to bring home a big part of the Swedes' unregulated poker playing to a responsible environment within the country's borders," he said.

Karrbrink went on to say that the record profits have put Svenka Spel in a comfortable position for the future. "New gambling legislation through which all types of gambling are regulated is needed," Karrbrink told Dagens Industry, referring to the future of online gambling in Sweden. "Whether it's through a state monopoly, or a license system where we compete with privately owned companies is up to the politicians to decide."

Back to February 2007 Online Gambling News
Back to latest Online Gambling News
Back to Online Gambling Archive