Thursday, December 8, 2022
spot_img

Swedish gaming regulator reports quarterly increase

Licensed gaming companies in Sweden recorded revenue of SEK 6.75bn (£542.36m) through the second quarter of the year, which represents a year-on-year increase of 3.93 per cent from the SEK 6.5bn gained one year earlier.

Furthermore, this performance is also up three per cent quarter-on-quarter from SEK 6.55bn (£522.27m) but dropped 3.7 per cent from Q4 2021’s SEK 7bn, which was also the best quarterly performance of the past year.

Dissecting the year’s second quarter performance in more detail, online betting and gaming increased to SEK 4.22bn (2021: SEK 4.1bn), which remains consistent QoQ.

Svenska Spel’s lottery and Vegas slots reached revenue of SEK 1.41bn (£113.29m), which represents an increase of one per cent year-on-year from SEK 1.4bn (£112.48m) and 9.74 per cent QoQ from SEK 1.29bn (£103.65m).

The reopened Casino Cosmopol, which resumed activity in July 2021 after being closed from March 29, 2020, finished the quarter at SEK 145m (£116.5m), which represents a 40.7 per cent uptick from the SEK 103m recorded through the year’s first quarter.

Charitable lotteries’ dropped a little over 7.75 per cent to SEK 868m (2021: SEK 941m), and restaurant casinos closing the period at SEK 57m (2021: SEK 8m).

Recently, Sweden’s national gambling regulator revealed that the Spelpaus self exclusion system has surpassed 80,000 registrations.

The scheme, which went live on the opening of the Swedish market on January 1 September 2019, allows individuals to exclude themselves from any licensed game that requires registration under the country’s Gaming Act.

Related Articles

- Advertisement -spot_img

Latest Articles