Swedish gaming experiences quarterly decrease

Swedish gaming experiences quarterly decrease

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Posted by: AffPapa

In Sweden, licensed gaming firms achieved a turnover of SEK 6.32 bln (£523.82 mln) in this year, up 4.7% from last year’s SEK 6.04 bln but dropping 2.9% from SEK 6.52 bln in Q2.

Onsite casinos were only allowed to resume operations from July to September after a protracted period of shutdown. Thanks to this, the country’s online revenue to yet again balance reductions experienced mainly in the country’s offline section. Online gambling and gaming had a slight quarterly dip to SEK 3.9 billion (Q2: SEK 4.11 billion), although the sector climbed year over year from SEK 3.7 billion.

This industry made a comeback in recent quarters. The changes to COVID-19 laws led to an increase in charitable lotteries, with people gambling more, increasing 4.1% YoY from SEK 771 million to SEK 803 million (Q2: SEK 941 million). Restaurant casinos ended at SEK 47 million (2020: SEK 8 million & Q2: SEK 49 million). Bingo held steady after breaking in at SEK 46 million (2020: SEK 47m & Q2: SEK 46m).

The onsite Casino Cosmopol casinos profited about SEK 132 million. This was the first gain following five quarters of nothing due to closures to prevent COVID-19 carrying.

Svenska Spel‘s lottery and Vegas slots divisions witnessed earnings fall yearly and quarterly, with SEK 1.38 billion compared to SEK 1.4 billion in Q2 and SEK 1.47 billion in 2020. Earlier this year, the gambling company indicated that its Casino Cosmopol branch would resume operation. The firm’s gaming venues in Gothenburg, Malmö, and Stockholm reopened on Wednesday, July 7, after being closed for nearly a year. However, on March 29, 2020, the three shut down again.

In Q3 compared to Q2, the number of people prohibited from gambling via Spelpaus.se climbed by a little over 2%, totaling 65000 people.

As of September 2021, there were approximately 95 firms with licenses on the Swedish market, 65 of which were licensed for betting.

 

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