Sunday, July 3, 2022
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SGA reports quarterly declines across Swedish gaming

Licensed gaming companies in Sweden scored revenue of SEK 6.46bn (£522.63m) through the first quarter of the current year, which represents a 4.45 per cent increase year-on-year from SEK 6.18bn, reports the Spelinspektionen.

However, this performance through the three months ending March 31, 2022, was a decline of 7.86 per cent from the SEK 7.01bn (£567.13m) scored through the final three months of 2021, which was also the best quarterly performance of the past year.

Dissecting the year’s final quarter performance in more detail, online betting and gaming increased to SEK 4.16bn (2021: SEK 3.92bn), which represents a slight decline quarter-on-quarter from SEK 4.18bn (£338.17m).

Svenska Spel’s lottery and Vegas slots reached revenue of SEK 1.29bn (£104.36m), which represents a decline of 4.56 per cent year-on-year from SEK 1.35bn (£109.21m) and 30.62 per cent QoQ from SEK 1.68bn (£135.91m).

The reopened Casino Cosmopol, that resumed activity in July 2021 after being closed from March 29, 2020, finished the quarter at SEK 102m (£8.25m), which represents drops from the SEK 132m (£10.68m) and SEK 144m (£11.65m) generated through the final two quarters of the past year.

Charitable lotteries’ dropped a little over three per cent to SEK 863m (2021: SEK 889m), with restaurant casinos closing the period down 37 per cent to SEK 39m (2021: SEK 62m). 

At the end of the first quarter of the year, the regulator reports that approximately 73,000 were suspended for gambling via Spelpaus.se, which represents an increase of six year quarter-on-quarter.

In March 2022, 91 companies had active licences on the Swedish market, with 66 of these being for betting and/or commercial gaming online.

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