Casino Cosmopol “no longer fulfils its purpose.” One reason is the lack of profitability due to the declining number of visitors. Tis is coupled with the acceleration of online gambling since the 2019 market re-regulation with more players opting to play online plus the introduction of registration at all gaming tables, which has been introduced to help combat money laundering.
Capital:
Stockholm Total Area:
450,295
sq.km Regions: 21 counties Borders: Borders with Finland and Norway and the Baltic Sea, Gulf of Bothnia and Stagerrak Population: 10.5 million Median age: 41.1 years Religions: Lutheran Languages: Swedish Ethnic Groups: Swedish, Syrian, Iraqi, Finnish Currency: Swedish Kronor (SEK) Government type: Parliamentary Constitutional Monarchy Chief of State:
King Carl XVI Gustaf (since 1973) Head of Government: Prime Minister Ulf Kristersson (since 2022) Elections: Next election due September 2026 Unemployment: 8.5% (Q4 2024) Tourism: 7.53 million tourists (2023)
control of the Swedish state and its agencies. Te law enabled Svenska Spel, through its subsidiary Casino Cosmopol, to operate four casinos which opened in Sundsvall, Stockholm, Gothenburg, and Malmo. Meanwhile Svenska Spel also operates sports betting; lotteries and Vegas gaming machines (VLTs) whilst a monopoly run horse racing sector is controlled by AB Trav och Galopp (ATG).
In 2002 changes to the lottery act enabled Svenska Spel to
embrace digital platforms with instant scratchcards games and bingo online whilst ATG could also offer its services online. However when online gambling arrived it became clear that there was no realistic way of preventing offshore online betting companies from targeting the Swedes, and as such it became harder for Svenska Spel to control player’s gambling activities. Tere was a surge in overseas online gambling sites operating and the government realised the monopoly was no longer working in this field whilst the EC also stepped in requesting Sweden to open up its betting market. In January 2019 the Swedish market underwent a comprehensive re-regulation and the Swedish Gambling Act (SFS 2018:1138) came into play and opened up the market to private players in the online sports betting market, online casinos, online bingo and other products such as virtual sports. At the same time it gave the state continued control over the
four landbased casinos and the large lotteries and slots outside of casinos. Te powers to regulate the market were given to the Swedish Gambling Authority (SGA) which has since changed its name to Spelinspektionen. At the moment there are 68 companies with licences in Sweden for online gaming and the casino and the betting market has an annual turnover of SEK17.1bn whist total turnover for the Swedish gambling market in 2024 amounted to SEK27.8bn compared to SEK27.1bn in 2023. Channelisation rate for online gambling is said to be around
75 per cent at present. Te government’s aim with re-regulation was to achieve an ambitious market channelisation of at least 90 per cent. Last year some reforms were made to the Act giving operators the right to manage and exchange information pertaining to suspected match fixing. Te government also allocated
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