Tag Archives: Svenska Spel

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 …

A response has been issued by Svenska Spel relating to the state-owned operator being penalised by the Swedish Gambling Authority with SEK 100mn (£7.4mn).  The penalty was announced last week and covers alleged duty of care shortcomings. Svenska Spel disagreed with the final conclusion of Spelinspektionen’s review.  Fredrik Wastenson, President and Business Area Manager of Svenska Spel Sport & Casino, …

In a somewhat surprising development, the Swedish government has fined itself, with the country’s s gambling authority Spelinspektionen issuing a SEK100m (£7.5m) penalty to Svenska Spel – the operator wholly owned by Sweden.  According to the indictment, the penalty relates to breaches of the Gambling Act part of Sweden’s re-regulation in 2019. More particularly, the operator has apparently failed to …

Swedish state-owned gambling operator Svenska Spel has introduced a strategic restructuring to its management team. The company announced that current IT Director Mikael Franzén will become the lead of the newly-formed business department Gaming Responsibility & Data-Driven Transformation. His old role will be given to Lovisa Ekman, who transitions from Head of Corporate IT. The changes are expected to come …

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, …

Kambi Group Plc has declared that it has achieved a ‘stronger foundation for growth’, following a difficult close to year-end trading which impacted its full-year 2023 results. Publishing its Fourth Quarter and FY2023 results this morning, the Stockholm-listed sports betting technology group registered a 23% decline in Q4 revenues to €44.3m (Q42022: €58m). The decline in period revenues was attributed …

Kindred’s responsible gambling initiative has picked up pace once more thanks to its collaboration with Sweden’s ATG and Svenska Spel.  The three operators, with the latter two being state-backed companies, started working together back in 2022 with the common goal of addressing the issue of problematic gambling behaviours in the Swedish market. Since then, the trio have been releasing joint …

Svenska Spel announced a deal with Gamban which will provide free blocking software to players wanting to quit gambling. The partnership will see individuals who have chosen to self-exclude offered a free Gamban licence and access to more support via the Gamban app. Daniel Harre, Responsible Gambling Specialist at Svenska Spel AB, asserted that if someone is suffering from their …

Svenska Spel Sport & Casino is rebranding its trotting venture after losing a legal dispute against horse betting firm Aktiebolaget Trav och Galopp (ATG).  The Patent and Market Appeal Court’s ruling determined that the use of the phrase “Trav och Galopp” by Svenska Spel is in direct infringement of ATG’s brand name.  In a statement by Svenska Spel, customers were …