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Svenska Spel

Swedish gambling company

Summary

Swedish gambling company

Field	Value
name	AB Svenska Spel
logo	Svenska Spel Logo.svg
logo_upright	1.4
type	State-owned enterprise
foundation	1 January 1997
hq_location	Visby (Sweden)
industry	Gambling
num_employees	1,657 (December, 2015)
parent	Government of Sweden 100%
subsid	Casino Cosmopol (100%)
website

Svenska Spel () is a state-owned company operating in the regulated gambling market in Sweden. For many years, the company was the only one permitted to offer online gambling to people in Sweden, whether it be casino games, sports betting, or other types of games.

All profits from the company's activities are paid directly to the State Treasury of Sweden. Svenska Spel organizes sports and number lotteries.

The Swedish gambling reforms attempt to strike a balance between giving players the freedom to choose and protecting them from bad actors.

It conducts sales through approximately 6,700 agents, 2,000 restaurants, pubs, and bingo halls as well as via the Internet. The surplus from the company’s operations is paid directly to the Public Treasury.

History

Company headquarters in [[Visby]], [[Sweden

The company was founded in 1 January 1997 by the merger of the two state companies, Penninglotteriet () and Tipstjänst (). The headquarters is located in Visby, Sweden.

Tipstjänst was founded in 1934, and later nationalized in 1943. Erik Bergqvist and two other founders owned the only private shares in the company until a reorganization in the 1970s. By the 25th anniversary of Tipstjänst in 1959, the company had taken bets totalling SEK 1.8 billion (equivalent to SEK billion in ).

On January 1, 2019, Sweden brought in new laws that ended the state-run online gambling company’s monopoly and opened the market to private operators.

Starting from 2 November 2020, Erika Svanström became the new head of public affairs of Svenska Spel. Since April 2019, she has been an independent advisor on public affairs questions at the company.

References

(2018-08-28). "The Swedish gambling market".
O'Boyle, Daniel. (2022-11-23). "Swedish monopolies carving out their place in the market".
Fredrik Wannius, Louise Hasselquist. (2006). "Vem tar hem tipset?". Lund University.
"Nyheter – Gotlandjustnu".
"Gotland Just Nu".
(2020-10-28). "Svenska Spel appoints new head of public affairs".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

gambling-companies-of-sweden government-owned-companies-of-sweden swedish-companies-established-in-1997 companies-based-in-gotland-county 20th-century-establishments-in-gotland-county

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