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Minister Vetoes Svenska Spel's Online Poker Expansion, Wants More ControlsFri, Jul 11th, 2008 @ 12:00am
Instead, the Minister demanded tighter regulations for online poker games run by Svenska Spel. He also demanded that Svenska Spel clearly and regularly inform players of their total winnings and losses. Svenska Spel received permission from the Swedish Government in late-2005 to operate online poker games in their own jurisdiction. But Borg, a member of the ruling Moderate party elected to power in 2006, has now vetoed global expansion plans, and called for stricter controls. This news follows a report published in early May by the Swedish Moderate Party's Culture Committee that said the Svenska Spel monopoly should be abolished, and an earlier vote last October by Sweden's ruling party to end support for their government's monopoly on Sweden's online gambling industry, and also to privatize Svenska Spel. These announcements are timed, as chief executive of Unibet, Petter Nylander has described, as a strategy by the Swedish government to avoid being sued in the European Court of Justice (click here for related article). Read Related Articles:
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Sweden's
Finance Minister Anders Borg has vetoed plans for expanding beyond Sweden
put forth by Svenska Spel, the State-owned gambling monopoly, thus dashing
their hopes of becoming a major international operator in the global online
poker market. 