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 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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]