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Soaring Swedish Gambling Site
Message was posted: 07:31 Apr 27th, 2007

User: Sandcastles Rank: Casino Gold: 15120CG Contributor rating: 81520 Status: Offline

Soaring Swedish Gambling Site 26 April 2007 Why not us, asked the Swedes and indeed, why not them too? The Swedish online gambling industry has realized the demand and soon developed a proper system for Swedes to visit and play away on a range of gambling options. The state-owned online gambling monopoly, Svenska Spel, reported its first quarter profits, and not surprisingly, with the obvious demand and the high-end product supplied, it was impressive. The Swedish company reports profits are up 22 per cent, to 157 million euros. Net revenue was up 12 per cent to 260 million euros for the quarter. Svenska Spel operates a couple dozen online betting games. Visitors can find there a host of gambling options, poker games and jackpots, bingo and sports gambling. The main sports events from around the continent and the entire globe are open for bets at the sites, including the semi-final matches of the Champions League. (Last night’s match between Chelsea and Liverpool, of course, included; how much did that end and how much did you win?) The company has been hurting, before launching its online gambling operation, as its land based operations were struggling. Adding poker to their sites has only bolstered their success even more. As many could have bet the Swedes would do, their project is a world leader in socially responsible gambling as well, not only a business-minded product. The licensing system of online casinos, as handled by the careful Swedish government, is a critical element in today’s gaming culture. It assures gamblers a safe environment to bet at and a fair competition that is not out for a quick profit, causing damage to people’s savings and to the industry at large. It is also a wise and profitable business move, as the numbers tell the story. Online Casino Reports