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Swedish gambling channelization rate falls below target, BOS urges reforms to attract licensed market

Swedish gambling channelization rate falls below target, BOS urges reforms to attract licensed market

The Swedish Gambling Authority (Spelinspektionen) released its channelization assessment report for 2024, showing that about 85% of gambling activities in the country are conducted through licensed operators, a decrease of 1 percentage point from 2023, still below the government's target of 90%.The

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The Swedish gambling regulatory authority Spelinspektionen reports a downturn in the Swedish gambling market in Q1: overall revenue fell by 1%, with land-based casinos plummeting by 60%.

The Swedish gambling regulatory authority Spelinspektionen reports a downturn in the Swedish gambling market in Q1: overall revenue fell by 1%, with land-based casinos plummeting by 60%.

The latest data from the Swedish Gambling Authority, Spelinspektionen, shows that the total turnover for licensed operators in the first quarter of 2024 was SEK 6.61 billion (approximately USD 689 million), a 1% decrease from the same period last year.Online casinos and betting segments were the mos

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Sweden to discontinue land-based casino gambling

Sweden to discontinue land-based casino gambling

The Riksdag, Sweden’s parliament, has voted in favour of abolishing land-based casino gaming in the country, with the decision set to lead to the closure of the final, state-owned Casino Cosmopol location in Stockholm.Announced 2 April, the Riksdag said land-based casinos in Sweden no longer serve t

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Sweden gambling revenue edges up to SEK27.85 billion in 2024

Sweden gambling revenue edges up to SEK27.85 billion in 2024

Gambling revenue in Sweden increased 2.65% year-on-year during 2024, driven by growth within the country’s commercial online gaming market.Total gambling revenue in the 12 months to 31 December 2024 hit SEK27.85 billion ($2.62 billion). This surpasses the SEK27.13 billion reported in Sweden in the p

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Unlicensed gambling operators: The growing challenge for Sweden’s regulatory framework

Unlicensed gambling operators: The growing challenge for Sweden’s regulatory framework

In Sweden, Gross Gaming Revenue (GGR) for 2023 was around USD 2.466 billion, but a little over USD 1 billion is being wagered at clandestine sites. Ever since Swedish authorities introduced a new legal online gambling regulatory framework in 2019, it has faced a number of potential stumbling blocks.

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'Unjustified' Videoslots fine in Sweden reduced

'Unjustified' Videoslots fine in Sweden reduced

Sweden’s Administrative Court in Linköping has reduced a fine imposed on Videoslots by the gambling regulator by SEK5m (£359,797), claiming Spelinspektionen’s ruling was “unjustified and disproportionate.” The court also said there was a “lack of logic” to how the regulator chooses the size of it

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Record NGR offsets gambling tax hike effect for ATG

Record NGR offsets gambling tax hike effect for ATG

Swedish gaming operator ATG says the increased gambling tax has cost the company to the tune of SEK55m (£4m) in the third quarter.Sweden’s gambling tax rate rose from 18 per cent to 22 per cent from July, but the increased costs have not totally dampened the mood at ATG.The company reported record n

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Audit exposes inadequate oversight of Sweden's gambling market

Audit exposes inadequate oversight of Sweden's gambling market

A new report from Sweden’s National Audit Office (NAO) reveals that the Swedish Gambling Authority (SGA) is failing to effectively supervise the country’s gambling market.The report criticizes the regulator for conducting too few inspections, failing to base its supervisory efforts on thorough risk

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Sweden reports 86% channelization rate using refined method

Sweden reports 86% channelization rate using refined method

The Swedish Gambling Authority (SGA) reported that the country’s gambling channelisation rate has reached 86%, following the development of a new calculation method. The channelisation rate measures the percentage of gambling activity conducted through licensed operators.Last year, the Swedish gover

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Spelinspektionen reports Swedish gambling turnover for the second quarter at 6.89 billion Swedish kronor

Spelinspektionen reports Swedish gambling turnover for the second quarter at 6.89 billion Swedish kronor

The Swedish Gambling Authority, Spelinspektionen, has released the financial data for the second quarter of 2024, highlighting the overall growth of the gambling market in the country.Overall, the turnover for all vertical industries reached SEK 6.89 billion (USD 663.43 million), a 2.8% increase yea

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