The Swedish gambling company, Betsson, has released its financial information which shows a good strong third quarter. They are showing strong growth with increases in their revenues and profits. The company reports a 147% increase in net sales over its performance of a year ago.
Their operating profit of SEK 53.7 is five times higher than a year ago. The Swedish gaming company offers sites in Italy, Greece, and Spain. Gaming activities on these sites include online bingo, casino slots, and Livebetting. They also offer their site in a variety of languages so the player has no language problems with the sites.
The European Union has a policy of open markets and this includes gambling markets. Most EU countries have state run gambling monopolies which prevent other firms from entering the market. This is also the case in Sweden where online bingo operators and casinos are not allowed to legally offer their services. The online bingo gambling world, including online bingo operators, are watching the situation in Sweden to see if the government allows companies like Betsson to continue to operate. If they are not allowed to operate, they will probably follow the usual pattern and file a complaint with the EU.
