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Svenska Spel calls for effective regulation as profit falls

18th July 2011 8:53 am GMT

The CEO of Swedish gaming monopoly operator Svenska Spel has said that even if the country’s current gambling legislation is compatible with EU law in principle, the reality is that “it works poorly in practice”.

The statement accompanied another set of disappointing results for the company, particularly in the gaming and lotteries segment, which continues to be impacted by “strong competition for players wallets” and the general weak economic environment.

Svenka Spel’s net gaming revenues (NGR) for [...]

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