Tag Archives: Svenska Spel
Svenska Spel’s net profits fall following casino closures in first quarter
Following the closures of Casino Cosmopol in Malmö and Gothenburg in order to reduce losses, Swedish operator Svenska Spel said its first quarter was marked by a period of adjustment as it looks to lay the foundation for continued successful operations. Gaming revenue was down one per cent with the underlying business remained stable with…
Sweden – Svenska Spel Sport & Casino changes the name of its horse games to Svenska Spel Hästar
Due to a dispute with ATG about the name of Svenska Spel Sport & Casino’s trotting venture, the company is now changing the name of its horse games to Svenska Spel Hästar. The judgment in the dispute was announced by the Patent and Market Court of Appeal on January 25. Customers of the horse games…
Sweden – Svenska Spel to close its casinos in Gothenburg and Malmo
As it looks to limit its losses, Svenska Spel has confirmed it intends to close and liquidate Casino Cosmopol in Gothenburg and Malmö although a final decision can only be made after the trade union negotiations have been concluded. This follows the closure of the casino Sundsvall in 2020 and takes Sweden’s total number of…
Sweden – Kambi to power Svenska Spel’s online and retail sportsbook
Kambi Group has signed an exclusive long-term agreement to power the online and retail sportsbook of Svenska Spel Sport & Casino, the former Swedish monopoly operator. Following a competitive tender process, Kambi was selected by Svenska Spel Sport & Casino due to the strength of its sportsbook product, its commitment to upholding the highest levels…
Sweden – Svenska Spel enjoys slight revenue increase with online accounting for 52 per cent
In the quarter when Casino Cosmopol in Stockholm celebrated its 20th anniversary, Swedish state-owned operator Svenska Spel was able to report a strong start to the year with net gaming revenue of SEK 1,976m, marking an increase of two per cent. The quarter also saw the launch of new games like Momang and improvements to…
Sweden – BOS reiterates call for Svenska Spel to off load gambling interests
BOS, the Swedish Trade Association for Online Gambling, has again called on state-owned Svenska Spel to sell its interests in the casino and betting industry and end the government’s involvement in the commercial gambling sector. Since 2019, Sweden has had a licensing system for gambling companies with two types of gambling markets; partly a monopoly…
Sweden – Svenska Spel sees focus on sustainable gaming increase the share of ‘healthy’ revenues
The proportion of what its calls ‘sound revenues and healthy customers increases’ have increased for Swedish gambling operator Svenska Spel during the second quarter of the year thanks to strengthened responsible gaming measures. The Group’s revenues increased as Casino Cosmopol has been open this year, following the COVID closures enforced by the pandemic. The Group’s…
Sweden – Svenska Spel now odds on to be privatised following September 9 general election
Sweden’s state owned gambling operator Svenska Spel will be privatised if either the current Social Democrat party retains power or if the Moderaterna Party is voted in on the general election of September 9. Following recommendations made in the ‘Spelmarknadsutredningen – 2020 Gambling Market Inquiry’ headed by Social Democrat MP Anna-Lena Sörenson, the Moderaterna Party has confirmed its plans…
Sweden – Svenska Spel asks for stability, sustainability and consumer protection
Sweden’s state-owned gambling operator Svenska Spel has pleaded for a period of stability rather than more regulatory change, following the publication of the government’s major gambling reform bill. Chief Executive of Svenska Spel Patrik Hofbauer said that whilst the new gambling laws would address gaps in the current legislation He said: “The proposal focuses on…
