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 …
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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 …
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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 …
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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 …
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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’ …
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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 …
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