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Sweden Plays for Time to Milk Online Poker & Gambling Cash Cow LongerTue, Sep 4th, 2007 @ 12:00am The Swedish government has rejected claims by the European Commission (EC) that it is violating European Union law by blocking gambling services based other EU countries, and justified its state monopoly, Svenska Spel, by saying that Swedish laws were proportionate, provided social protection and prevented crime. Some media is saying Sweden has done this to extend the time they collect revenue from their monopoly. EU Internal Market Commissioner Charlie McCreevy has repeatedly said that he intends to use his legal powers to stop unjustified restrictions on the free movement of services within the EU bloc (Article 49 of the EC Treaty). In June, The EC, an executive arm of the European Union (EU), issued final warnings called 'Reasoned Opinions' to Sweden [and France] after rejecting their explanations for their protectionist gambling monopolies (click here for related article). So now it looks like the EC's case against Sweden will be headed to the European Court of Justice (ECJ). But it is likely to take several years to bring the case to any legal resolution. An article by eGaming Review described Sweden's rejection as a ploy to buy the Swedish government more time to continue to reap the revenues of its monopoly. Quoting unnamed sources in Sweden, it reported, "There is friction within the government because it got to power by promising tax cuts on real estate and wealth."
"By holding onto Svenska Spel's monopoly for at least another two years, it keeps in place huge tax revenues which make up the shortfall from any cut in other taxes," the article continued. "The government knows the European Commission is a slow moving animal so really this is a cynical move to play for time." Read Related Articles:
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WSOP Main Event Champ Joe Cada to Appear on Letterman The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP.
Durrrr Signs as Team Full Tilt's Youngest Member Tom "durrrr" Dwan is the newest member of Team Full Tilt, the online site's highest level of affiliation. At 23, Dwan is the youngest of the now 14-person team. The high stakes cash phenomenon was nominated for induction this year into the Poker Hall of Fame until the Hall of Fame Governing Council decided he was too young to meet the "has stood the test of time" qualification.
Joe Cada Becomes Youngest World Series of Poker Main Event Champ History was made early Tuesday morning in Las Vegas as 21-year-old Joe Cada outlasted Darvin Moon in heads-up play to claim the 2009 World Series of Poker Main Event bracelet and more than $8.5 million.
Moon and Cada Heads-Up, Ivey 7th at WSOP Main Event Final Table After a marathon session at the most esteemed table in the poker world, a 21-year-old and a logger are set to go one-on-one for the World Series of Poker Main Event bracelet.
PokerStars Launches New UK and Ireland Poker Tour PokerStars.com has announced the start of a new poker tour with stops throughout the United Kingdom and Ireland. The UK and Ireland Poker Tour (UKIPT) will kick off in Galway, Ireland in mid-December, and the first event in the UK will be held in Manchester in February.
Peerless Media Agrees to Purchase World Poker Tour Enterprises According to a Monday press release, WPT Enterprises Inc., mothership of the World Poker Tour, is now the rightful property of Peerless Media, Ltd., subsidiary of online giant PartyGaming.
Tiffany Michelle and Maria Ho Hit the Amazing Race Rail After surviving six legs of the Amazing Race by the skin of their teeth, poker pros Tiffany Michelle and Maria Ho were finally eliminated in the CBS reality show's most recently aired episode. Michelle and Ho, the last women standing in the 2008 and 2007 World Series of Poker Main Events, gave reality television fans another chance to watch poker personalities compete away from the felt. Annie Duke garnered quite a following earlier in the year on another reality show competition, NBC's Celebrity Apprentice. |
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