Online Poker Revenue in Sweden Drops in 2008

Svenska Spel, the state-run online poker operator in Sweden, has reported a drop in poker revenue of 3.6 percent to SEK372 million (€34.6 million) in 2008 from SEK385 million in 2007.

The company said in its annual report, “Both Svenskaspel.se and the casinos offer poker games. The casinos arranged a number of popular poker tournaments in 2008 and poker interest in casinos continues to increase. The internet boom of the four last years has subsided, but the game is still popular on svenskaspel.se.”

Major live tournaments held by Casino Cosmopol, the monopoly bricks and mortar casino group in Sweden, included Poker SM, Spring Poker Week, Nordic Masters, SWOP, Malmo Open, Nordic Light, and Christmas Poker week.

While Sevnska Spel only publishes figures for online and live poker played through its businesses it is known that significant revenue is generated by players playing with online poker operators based outside the country.

Earlier this month CardPlayerEurope.com reported that the Swedish government was considering blocking its citizen's access to these non-Swedish operators.

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