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Svenska Spel investigates high-risk VLTs, Lina Sennevall GamblingCompliance

Swedish gambling monopoly Svenska Spel is investigating its video lottery terminal brand “Vegas”, after years of criticism that the terminals are increasing the numbers of problem gamblers. The lucrative “Vegas” terminals, located in restaurants and pubs, offer games that are classed as "high-risk" with one in ten players in Sweden being classed as a problem gambler.

 

Svenska Spel has more than 6,700 terminals located around Sweden that have a maximum betting limit of 5 SEK ($0.7) per hit and a 500 SEK ($75) jackpot. Each licence allows a maximum of five terminals. The Vegas terminals are the most lucrative product on Svenska Spel’s platform with a turnover of just over 2bn SEK ($300m) in 2011.

 

Swedish studies have suggested the number of terminals located in deprived areas was higher than numbers in wealthy areas.

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Illinois Governor vetoes Gambling bill that could create 90 000 jobs, Innovate Gaming

Claiming the bill did not have enough oversight to prevent organised crime involvement, Quinn said yesterday, “We’re not going to have loopholes for mobster in Illinois. The bill that was on my desk was woefully deficient when it came to protecting integrity and honesty and regulation of gambling in our state.”

 

The bill [SB1849], which was approved by Legislature earlier this year, included a city-owned Chicago casino that could have facilitated 4,000 gamblers at once. It would have added riverboat casinos in Rockford, Danville and in two suburbs. It also included an expansion of slot machines including at horseracing tracks.

 

Chicago Mayor Rahm Emanuel was also disgruntled by the governor’s decision, saying that Chicago loses $20 million a month and jobs to casinos in neighbouring Indiana. Supporters claim the bill could have brought in as much as $1 billion annually, boosted tourism and created up to 100,000 jobs in Illinois.

 

Other sources:

http://www.gamblingcompliance.com/node/49872

http://www.gambling911.com/gambling-news/illinois-governor-quinn-points-%E2%80%98mob%E2%80%99-reason-gambling-expansion-veto-082912.html

http://www.vegasinc.com/news/2012/aug/29/governor-rejects-plan-expand-illinois-gambling/

http://www.gaming-awards.com/NEWS/governor-quinn-vetos-illinois-gambling-expansion-bill/

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