April 23, 2024

Svenska Spel Sustains License Despite Falling Profits in Q1 2024

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 […]

March 26, 2024

Svenska Spel Hit with SEK100m Fine Over Responsible Gambling Lapses

Svenska Spel Faces SEK100 Million Fine: A Wake-Up Call for Responsible Gambling In an unprecedented move, the Swedish Gambling Authority (SGA) has imposed a hefty SEK100 million (€8.7 million) fine on the state-owned operator Svenska Spel, spotlighting significant failings in its responsible gambling practices. This decision follows an in-depth audit revealing that Svenska Spel fell […]

February 19, 2024

Svenska Spel Announces Closure of Casino Cosmopol Gothenburg and Malmö

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. […]

February 8, 2024

Striving for Responsibility: The Varied Success of Swedish Gaming Operators

Commitment to Player Well-being: A Mixed Bag of Results In the latter half of 2023, Sweden’s leading gaming operators Kindred Group, Svenska Spel, and ATG unveiled their responsible gambling outcomes, revealing a spectrum of success in mitigating problem gambling behaviors among their clientele. This initiative, part of a pledge made in autumn 2022 to disclose […]

January 31, 2024

Svenska Spel Partners with Gamban for Responsible Gaming, Reinforces Commitment to Player Health

Svenska Spel Elevates Player Protection with Gamban Collaboration Svenska Spel, Sweden’s state-controlled gambling operator, has taken a significant step in promoting responsible gaming by partnering with UK-based Gamban. This strategic alliance aims to provide players who opt for self-exclusion with complimentary access to Gamban’s robust gambling block software and supportive app. Empowering Players through Self-Exclusion […]

January 30, 2024

Svenska Spel Embraces Change: Rebrands Horse Racing Games and Closes Land-Based Casinos Amid Industry Evolution

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 […]

December 21, 2023

Spelinspektionen Fines Casino Cosmopol SEK2m for AML Breaches

Spelinspektionen, Sweden’s gambling regulator, has handed down a SEK2 million (€180,000) penalty and a warning to Svenska Spel’s Casino Cosmopol for breaching anti-money laundering (AML) rules. This enforcement action underscores the regulator’s commitment to upholding stringent compliance standards in the Swedish gambling industry. Casino Cosmopol faces a substantial fine from Spelinspektionen for AML violations, signaling […]

June 1, 2023

IGT and Svenska Spel prolong their partnership

The enduring collaboration between IGT and Svenska Spel extends until January 2027, reinforcing their longstanding relationship. IGT and Svenska Spel have recently agreed to a three-year contract extension, ensuring that IGT will continue delivering its lottery technology and services to Svenska Spel. This partnership will enable Svenska Spel to benefit from IGT’s expertise and solutions […]

April 25, 2023

Svenska Spel’s Q1 revenue increases despite implementation of new responsible gambling measures

Svenska Spel, the former state-owned gambling monopoly, reported a 2% increase in revenue to SEK 1.98 billion (£160 million/€180 million/$190 million) in Q1 2023, compared to SEK 1.94 billion achieved in the same period the previous year, despite the implementation of new responsible gambling measures. The land-based Casino Cosmopol and Vegas slot offerings were impacted […]