Svenska Spel Calls For More Effective Regulation

SVENSKA SPEL CALLS FOR MORE EFFECTIVE REGULATION

18th July, 2011 at 14:59:58
Source: http://www.azonlinecasinos.com

And new CEO for Swedish gaming company

Sweden 's state online and land gambling monopoly Svenska Spel released its half year 2011 results and announced the appointment of a new ceo, this week.

The company revealed lower sales compared to the same period 2010 which were attributed to the general economic situation, competition and a more cautious approach from players. The company now holds a 51% share of the Swedish market, down from its previous 53 percent.

The company's acting President Anders H€gg called for "effective" regulation that involves all market participants as he is of the opinion that the country's current legislation, while EU compliant, "in reality works poorly in practice".

The Swedish gaming group announced the appointment of Lennart K€ll, who will take on the position of CEO of Svenska Spel, effective September 12, 2011.

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