The Swedish gambling industry faces a pivotal moment as calls for Svenska Spel’s privatisation grow louder than ever. Gustaf Hoffstedt of the Swedish Trade Association for Online Gambling argues that government ownership undermines market fairness. With mounting financial struggles and regulatory fines, privatising Svenska Spel could promote impartiality and competitiveness in the gambling market. Explore […]
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 […]
Abios has partnered with Svenska Spel to deliver a full range of esoccer products, giving players access to over 12,000 matches each month. As esports continues to grow in popularity, this partnership promises to elevate the user experience for Swedish bettors, providing real-time odds, streams, and widgets powered by official data from rights holders. Abios […]
Svenska Spel Receives Record Proposals, Awards €500,000 for Gambling Harm Research With the growing focus on gambling harm prevention, Svenska Spel has committed a substantial amount to tackle this pressing issue. Svenska Spel’s independent research council, funded by the state-controlled gambling operator, has received a record number of research proposals aimed at preventing gambling-related harm. […]
Svenska Spel Fined SEK 2M for Slot Machine Relocation Breach Amid Regulatory Changes In a surprising turn of events, Svenska Spel has been slapped with a SEK 2 million ($194,777) fine by the Swedish Gaming Authority for failing to comply with updated regulations on slot machine relocations. The fine reflects the operator’s failure to properly […]
Svenska Spel Reports 93% of Q2 Revenue from Low-Risk Gambling as Industry Pushes for Greater Responsibility Svenska Spel, Sweden’s state-owned gambling operator, has achieved a remarkable milestone in responsible gaming, reporting that 93.2% of its Q2 2024 revenue came from ‘healthy’ or low-risk customers. This figure, up from 92.2% in the previous quarter, underscores the […]
BOS Advocates for Private Land-Based Casinos in Sweden Amid Casino Cosmopol Closure In a significant development within Sweden’s gambling landscape, the Swedish Trade Association for Online Gambling (BOS) has voiced its stance on the government’s proposal to close Casino Cosmopol in Stockholm. This move comes as part of broader constitutional amendments aimed at reshaping the […]
Spelinspektionen Calls for More Resources Amid Potential Casino Cosmopol Closure In a significant development for Sweden’s gambling landscape, Spelinspektionen, the Swedish gambling regulator, has raised concerns about the potential closure of the country’s last land-based casino, Casino Cosmopol. As the government considers closing the flagship venue in Stockholm, Spelinspektionen has warned that such a move […]
Svenska Spel’s Bold Move: Reporting “Healthy” Gambling Revenue to Set New Industry Standards Imagine a gambling company not just following regulations, but setting the gold standard in responsible gaming. Svenska Spel, Sweden’s premier gaming company, is taking a groundbreaking step by reporting revenue from “healthy” gambling behaviors. Discover how this unprecedented move aims to transform […]
BOS Backs Swedish Consumer Agency’s Call for Clearer Gambling Ad Disclosures on TV4 The Swedish Trade Association for Online Gambling (BOS) aligns with the Swedish Consumer Agency to redefine transparency in gambling advertising on TV. Amid controversies, the “Trisskrapet” TV segment on TV4 has been officially categorized as advertising, prompting calls for enhanced consumer disclosures. […]