Svenska Spel Has Reportedly High Earnings

The figures are out from Svenska Spel who has reported a sharp increase in their profits which are SEK $1.4 billion this shows how the company grew this past year as they are Sweden's only online gambling site that is legal.

Their rise in profits they feel is due to their Internet and telephone operations that are doing very well.

Svenska Spel came from a merger between AB Tpstjanst and Svenska Penninglotteriet AB this merger made it Sweden's largest gaming operator and monopolizing online gambling in Sweden being owned by the Swedish state.

In a statement from Jesper Karrbrink the CEO of Svenske Spel; online gamers have selected to use the security of our poker platform rather than others, which has pleased our company. This encouraging pattern is continuing and we are expecting record revenues this year with our online and telephone operations, along with online poker online bingo is also doing very well.

Svenske Spel and Sweden has come under question in the recent past by the European Union for the monopoly they hold on online gambling in Sweden along with other European countries such as France who is still in the hot seat.