Svenska Spel has reported a significant decline in its Q3 2024 net gaming revenue. With casino closures and rising taxes weighing on profits, the operator faces challenges in maintaining growth. Despite the drop in revenue, Svenska Spel is prioritizing sustainable gaming practices to protect customers and ensure long-term stability. Discover how these developments impact Sweden’s […]
Navigating Challenging Waters: Svenska Spel Retains License Amid Profit Decline and Operational Shifts Endurance Amidst Adversity: Svenska Spel’s Strategic Resilience in Sweden’s Evolving Gambling Landscape – In the ever-turbulent waters of the gambling industry, Svenska Spel stands as a testament to resilience and strategic foresight. Despite facing a substantial 24.6% dip in net profits in […]
Svenska Spel’s decision to close two of its Casino Cosmopol locations in Gothenburg and Malmö reflects a strategic realignment in response to the evolving gambling landscape. While the closures signify the end of an era for Sweden’s land-based casino industry, they also highlight the operator’s commitment to adapting its business model to current market realities. […]
Svenska Spel’s Strategic Rebranding Post Legal Ruling In a pivotal move, Sweden’s Svenska Spel has announced the rebranding of its horse racing games to “Svenska Spel Hästar,” following a legal setback with the horseracing betting operator Aktiebolaget Trav och Galopp (ATG). This decision comes after the Swedish Supreme Court upheld a lower court’s ruling that […]