Home

Sweden Huge For Onli

Sweden Huge for Online Casinos

According to the latest research made by the Research Institute of Industrial Economics, Sweden’s gambling trade is dominated by the Internet gaming segment. Online casino and Internet gaming make up 26 percent of the county’s gambling industry, making it one of the highest in Europe. Rent Spel’s Prof. Henrik Jordahl, the research’s author, suggests to the country’s administration to recognize gambling at online casinos and other Internet gambling sites as one of the most significant contributors to the Scandinavian country’s business development, these sites have been busy and successful. Rent Spel, which means “fair play”, is founded by Petter Nylander, the former Chief Executive of Unibet, the company iis the gaming industry’s trade association.

Svenska Spel, the Swedish state-owned cartel, pressured by the European Union, has recently started making provisional moves to liberalize the country’s Internet gambling industry. Swedish online casinos and Internet gambling sites are some of the world’s most profitable in the e-gaming trade. That fact was applauded in the Jordahl’s research which pointed out that online casino and gambling firms, aside from state-owned cartels, are valued at over SEK 19 billion as well as providing jobs for about 2000 skilled individuals. The employment numbers reach 4500 if workers in government-owned gambling firms are included.

The report by the Stockholm-based research company appeals to the Swedish parliament to consider the online casino gambling market’s success so that the nation’s e-gaming trade will not fall behind in the European gaming sector. The gaming trade in Europe growing and is being recognized as one of the bigger source of tax revenues if regulated. Jordahl claims that Sweden’s gambling market needs to be revamped to be consistent with the present European movement to maintain its ground as one of the leading Internet gaming markets.