You are here

Sweden Gambling Market is regulated but shrinking as Nevada Looks at Poker

2014-10-16 00:00:00

Sweden’s regulated gaming market shrank 3% in the first six months of 2014 which has continued a four year trend of a slide in gaming activity and revenue. There is talk that Sweden may liberalize licensing and take less of a protectionist stance in order to jump start that sector of the economy and an industry that is uber competitive with unlimited options for players.Meanwhile AG Burnett of the Nevada Gaming Control Board discussed Nevada’s agreement with the state of Delaware to legalize interstate online gambling and has also reached out to New Jersey on the project. There is a lot of work yet to be done according to Burnett who said patience must be exercised and that it is not something that you can flip a switch on.

Revenue has not been as big as expected for online poker in Nevada but that has been a continuing problem for governments that get involved with online gaming as the fact that there is so much competition and so many good choices for bettors is spreading the wealth around for more than originally anticipated or understood. Beyond that there are many better known and established online card rooms that have loyal players not looking to go somewhere else.

Burnett, to his credit, understands that a long view is the one that is needed and that only a long term commitment can have any hope of permanent growth and additional opportunities.