Tag Archives: Casino Cosmopol

Swedish GGR climbs 6% YoY in Q1 2022 but falls from year end figures

SBC News Swedish GGR climbs 6% YoY in Q1 2022 but falls from year end figures

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 …

Read More »

Spelinspektionen reveals Swedish sales increase of 5%

SBC News Spelinspektionen reveals Swedish sales increase of 5%

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 …

Read More »

Svenska Spel maintains stable H1 ahead of full unit comeback

SBC News Svenska Spel maintains stable H1 ahead of full unit comeback

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 …

Read More »

Svenska Spel sanctions SEK 3.2bn in direct state dividends    

SBC News Svenska Spel sanctions SEK 3.2bn in direct state dividends    

The board of Svenska Spel has proposed an additional SEK 3.2 billion (€310m) dividend to be paid to the Swedish government, to assist emergency services in the fight against the COVID-19 pandemic.  The proposed dividend will be paid directly from Svenska Spel’s corporate accounts, with the transaction scheduled to be sanctioned at the company’s AGM on Tuesday 27 April. “As …

Read More »

Svenska Spel focuses on digitisation to mitigate Cosmopol hurt

SBC News Svenska Spel focuses on digitisation to mitigate Cosmopol hurt

The enforced closure of Sweden’s Casino Cosmopol venues continues to disrupt Svenska Spel trading, as the state-owned operator reported a 14% decline in group Q4 net gaming revenues to SEK 2,212 million (Q4 2019: 2,247 million).  Svenska Spel has predicted that if Casino Cosmopol venues are to remain closed for a further quarter, it will face a SEK 250 million …

Read More »

Trustly Live to help land-based casinos go cashless

Trustly Live

Online payments specialist Trustly has launched Trustly Live, a brand new solution bringing instant cashless payments to land-based casinos and sportsbooks. Now that consumers are increasingly using less cash in their everyday lives, Trustly Live – the company’s first product built specifically for land-based gaming – is there to help operators keep up with this changing behaviour. For example, only …

Read More »

Casino Cosmopol’s AML penalty lowered by Sweden’s Administrative Court

SBC News Casino Cosmopol's AML penalty lowered by Sweden’s Administrative Court

Sweden’s Administrative Court has confirmed that it will reduce a penalty issued to Casino Cosmopol in 2018 from SEK8m to SEK3m, however national gambling regulator Lotteriinspektionen could appeal against the ruling. The fine, issued in relation to systematic deficiencies in Casino Cosmopol’s policies related to money laundering and terrorist financing in November 2018, were found to have ‘serious and systematic’ …

Read More »

Casino Cosmopol partners with Playtech for casino management solution

Israeli - Copyright: tsyhun / 123RF Stock Photo

Swedish casino operator Casino Cosmopol has selected Intelligent Gaming Systems (IGS), a Playtech company, as its System Partner to deliver a complete casino management suite. The deal includes slots, tables, poker, visitor registration, cash desk and business intelligence capabilities. Casino Cosmopol is a wholly-owned subsidiary of AB Svenska Spel that operates four international casinos in Sweden. Together the casinos employ …

Read More »