Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Ladbrokes to challenge Swedish betting monopoly

Share this article

14:19 CEST+02:00
British bookmaker Ladbrokes PLC is applying for a licence to operate its online poker service in Sweden as it looks to challenge a government monopoly on betting.

Ladbrokes said its application follows the Swedish government's January decision to issue an online poker licence to state-run betting monopoly Svenska Spel without any competitive process.

The company said it has given an undertaking to abide by all social commitments required under Svenska Spel's licence.

Under EU law, countries may use social reasons to prevent competition, but otherwise have to uphold free and fair competition.

"We hope the Swedish government refer to European law when considering our application... If our application is rejected, we will consider legal action," Ladbrokes eGaming managing director John O'Reilly said.

A similar application in Norway has seen that country's betting laws referred to the European Free Trade Area court in Luxembourg.

Ladbrokes' move comes just three days after a German court declared its country's betting laws unconstitutional.

According to the judgement German states must introduce new laws by the end of 2007 - a move welcomed by Ladbrokes as an opportunity to see regulated competition introduced into the German market.

AFX

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement