Tag Archives: Casino Cosmopol

Spelinspektionen, Sweden’s Gambling Inspectorate, has released its annual report on total gambling turnover for the year ending December 2023.  According to the numbers, Swedish licence holders managed to accumulate a gross gambling revenue (GGR) of SEK 27.1bn (€2.5bn) from the local market, which constitutes a 1% YoY decrease.  State casino turnover, mainly driven by the state-owned Svenska Spel’s Casino Cosmopol, …

Svenska Spel has confirmed that it will close its Casino Cosmopol venues in the cities of Gothenburg and Malmö on Saturday, 24 February. The decision follows Svenska Spel’s conclusion of negotiations with the respective trade unions on the closure of venues deemed ‘no longer profitable’ for Sweden’s state-owned gambling group. The closure of Cosmopol’s Gothenburg and Malmö venues follows Svenska …

Svenska Spel has informed that it will close the Casino Cosmopol venues in the cities of Gothenburg and Malmö. The decision was taken as Svenska Spel continues to reorganise the Casino Cosmopol unit, which faces “issues with profitability due to a decrease in visitor numbers.” As such, Svenska Spel plans to close Casino Cosmopol locations in Gothenburg and Malmö to …

Sweden’s betting sector took a hit during the second quarter against 2022 comparatives according to the latest figures from the Spelinspektionen, the country’s Gambling Inspectorate. Total Swedish industry revenue for the quarter stood at SEK 6.7bn (€562m), down around 1% on corresponding Q2 2022 results of SEK 6.77bn (€568m). This left year-to-date revenue also down by around 0.5% from SEK …

Svenska Spel has declared that its H1 2023 business activities have solidified its position as the most sustainable operator in the Swedish market. In its interim trading report, Sweden’s gambling monopoly operator highlighted a ‘stable quarter’, despite challenges faced by the Casino Cosmopol and Vegas Slots units. Q2 trading saw Svenska Spel’s net gaming revenue (NGR) increase slightly to SEK …

Svenska Spel has announced a positive start to year trading as online growth benefits the performance of its business units. Q1 trading for the period of 1 January to 31 March, saw Sweden’s gambling monopoly generate net gaming revenues of SEK 1.97bn (€175m) up 2% on Q1 2022 comparative results of SEK 1.92bn.   A breakdown of business segments saw Svenska …

Svenska Spel maintains its state dividend of SEK 2bn (€155m), despite facing challenging 2022 compliance adjustments across its Swedish business portfolio. Publishing its full-year 2022 accounts, Sweden’s state-owned gambling group saw its net gaming revenues (NGR) stand at SEK 8bn (€722m), registering a 1% decline on FY2021 NRG results of SEK 8.1bn. The stagnant revenue performance reflected stricter customer compliance …

The Swedish betting and gaming industry’s post-lockdown recovery has continued in the first quarter of the year, as total revenue reached SEK 6.5 billion (€6.2m). A 6% increase on Q1 2021, the quarter saw Sweden’s 66 licensed sports betting and casino operators collect wagering revenue of SEK 4.1 billion (€392m), a rise of 4% on the previous year according to …

Spelinspektionen, the Swedish Gambling Inspectorate, has detailed a 5% year-on-year increase in the number of betting and gaming sales in the country during Q3 2021. Publishing the preliminary sales figures for the third quarter of the year (players’ contributions minus winnings paid out), the authority updated that gaming companies with a Swedish licence – there are now 95 companies with …

Svenska Spel has recorded positive Q2 trading, as Sweden’s state-owned gambling operator prepares to reopen all Casino Cosmopol and Vegas arcade venues from lockdown.  Buoyed by strong sports betting activity (+106%), Q2 trading saw Svenska Spel register group net revenues of SEK 1,94 billion (€188m), up 18% on corresponding 2020 results of SEK 1.64 billion – a period heavily disrupted …