Gambling Company Becomes Sponsor Of Swedish Skiing

Gambling Company Becomes Sponsor Of Swedish Skiing

Money & Finance, Newsfeed
Last rear Charlotte Kalla indicated that she would refuse a sponsorship by a gambling company for moral reasons. But next season she might not have a choice. The Swedish Ski Association just signed a multi-year sponsorship deal with Svenska Spel, Sweden's state-owned national gambling operator. Unusually( and refreshingly) for cross country skiing where sponsorship terms are mostly kept secret, the essentials of the deal are made public: seven-year agreement is worth "just over SEK 80 million" or about 7.5 million euros. In indirect way it's an indicator of popularity of cross-country skiing in Sweden: Svenska Spel is used to be a sole gambling operator in the country, but, after the European Union pressure, the country's government was forced to open the market. The big betting companies moved in - and…
Read More