Tag Archives: Casino Cosmopol

Preliminary results for Sweden’s gambling market have revealed a slight drop in Q1 turnover compared to the previous corresponding quarter. Licensed operators saw a total of SEK 6.6bn (£512m) being staked in the three months ending March, representing a 0.9% drop from the SEK 6.7bn in Q1 2024. Broken down in segments, online betting and gaming led the turnover pack …

Sweden’s state-owned operator Svenska Spel has reported a minor 4% decrease YoY in quarterly revenue as it kicks off FY2025. January-March net gaming revenue was capped at SEK 1.876m (£147k), constituting a slight difference when compared to the first three years of the previous year (SEK 1.956m). While minuscule on the outside, Svenska Spel attributed the decline to a major …

There will soon be no traces of Sweden’s state land-based gambling heritage left, with Casino Cosmopol due to close its doors forever.  The last remaining bastion of the Swedish national brick-and-mortar industry has been given the death penalty, with the sentence due to be carried out on 1 January, 2026.  However, the last reminiscent of the once mighty Casino Cosmopol …

Sweden’s licensed gambling market brought in a total turnover of SEK 27.8bn (£2bn) in 2024, according to data from Spelinspektionen.  The gambling regulator highlighted that the amount of players’ stakes – minus the paid out winnings – represented a 2.8% increase compared to the total turnover from the previous year. Commercial online gaming and betting generated the biggest share of …

Svenska Spel has finished 2024 trading on a positive note, concluding a transformative year for Sweden’s state-owned gambling group. Publishing its Q4 and FY2024 accounts, Svenska Spel returns to positive trading following significant adjustments to its business due to the government closing its remaining Casino Cosmopol venues in H1 and applying further limits on retail slots. Of significance, in Q4, …

The total turnover of Swedish gambling companies with a licence reached a total of SEK 6.7bn (£479.7m) for this year’s Q3.  Reported by the country’s gambling authority Spelinspektionen, turnover was down 1.2% from the July-September figures in 2023 (SEK 6.705bn), and included player bets minus the paid winnings. It’s important to note that the numbers are preliminary. Additionally, the end …

Svenska Spel states that it has achieved the ‘reorganisation objectives’ to lower group costs and improve operating margin, of the business units of Sweden’s state-owned gambling monopoly. Filing its H1 interim report, Svenska Spel issued its first corporate update under the leadership of new Group CEO Anna Johnson, who stated: “We have carried out a review of organisation, working methods …

Branschföreningen för Onlinespel (BOS), Sweden’s Trade Association for Online Gambling, has called on the government to take further actions against Svenska Spel’s presence in gambling. Writing an op-ed in the Swedish newspaper Aftonbladet, Gustaf Hoffstedt, the Secretary General of BOS, agreed with the view expressed by Financial Markets Minister Niklas Wykman that “there is no political order for a state …

The Swedish government is considering the closure of the last remaining land-based casino in the country.  A newly drafted proposal will look to take away the rights of state-owned companies to run casinos. Despite being allowed in Sweden since 1994, land-based gambling is only allowed in Casino Cosmopol – a subsidiary of the national operator Svenska Spel.  Until recently, the …

The fallout for Svenska Spel of its Casino Cosmopol closures has reflected on the Swedish operator’s Q1 2024 results.  Smaller net revenue and profits were felt throughout the first four months of the year, but the operator remained positive that its business remains stable – with most notable results seen in its Tur lottery division.  Tur revenue improved by six …