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Svenska Spel Posts Record Profits

Svenska Spel chalked up its best result to date, bringing in a total profit $685 million during 2006. According to CEO Jesper Karrbrink, the online poker section has been extremely successful.

"We have fulfilled our objectives in bringing home a big part of the Swedes' unregulated poker playing to a responsible environment within the country's borders," said Karrbrink in an interview with the newspaper Dagens Industri.

Despite their impressive profit record, Karrbrink wants to see changes on the Swedish gaming market. "We need new gambling legislation through which all types of gambling are regulated. The politicians must decide whether it's through a state monopoly, or a license system where we compete with privately owned companies."

"We are pretty comfortable either way with this record profit to back us up," said Karrbrink.

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