Government-Owned Online Poker a Mega Success

Onlinecasino.org News | 27.03.2007 | 00:14:44 | Views: 1311 | Casino News

Successful Online Gaming Model Should Be Emulated Worldwide
Svenska Spel AB, a Swedish government-owned and -licensed online gaming company, has posted record profits of $685 million for 2006, thanks to its online poker division.

According to cardplayer.com news it has been over one year since the Swedish governments decision to enter the online poker market. The decision has proven to be a great call for all involved.

"It has really fulfilled its purpose of bringing home a big part of Sweden's unregulated poker playing to a responsible environment within the country's borders," stated Jesper Karrbrink, the CEO of Svenska Spel AB.

Svenska Spel received permission from the Swedish Government to launch Internet Poker. The goal was to transfer existing Internet poker players from an unregulated market to a regulated one.

Svenska Spel's launch of Internet poker has exceeded all expectations. The company has managed to attract a significant number of players from Sweden's large poker community. The players feel secure in that their government (not an offshore corporation) backs the product.

Sweden's success will provide an example for governments around the world.

The Next Winning Combination:
Holland is the next country soon to get government-owned online poker.
Holland government-owned casinos, will soon be using award winning Cryptologic inc (CRYP) online poker & online casino software.
Cryptologic inc was voted Best Online Casino Software 2006 and 2007.

More Online gambling news here

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