Digital offsets land-based closures as SGA reports 5.1% revenue rise

Casino Cosmopol

Licensed gaming companies in Sweden scored revenue of SEK 6.24bn (£529.93m) during the year’s first quarter, which represents a 5.1 per cent increase from the SEK 5.94bn (£504.48m) recorded in 2020. 

According to figures released by regulator the Spelinspektionen, the three month period saw online betting and gaming and Svenska Spel’s lottery and Vegas slots record increases of 7.7 per cent and 24 per cent to SEK 3.93bn (2020: SEK 3.65bn) and SEK 1.39bn (2020: $1.12bn), respectively.

Charitable lotteries closed out the quarter less than half of a percentage point down at SEK 858m (2020: SEK 861m), with bingo dropping 15.3 per cent to SEK 44m (2020: SEK 52m).

Restaurant casinos closed out the quarter 88.4 per cent down at SEK 6m (2020: SEK 52m), with the Casino Cosmopol land-based casinos remaining closed throughout the quarter and finished with a nil recording.

At the end of the first quarter, the regulator reported that almost 63,000 people were suspended for gambling via Spelpaus.se. This is an increase of a little more than six per cent compared with the previous quarter. By mid-May 2021, that number had increased to almost 64,000.

101 companies had active licenses on the Swedish market in May 2021 (licenses for non-profit purposes not included). 71 of these were licensed for betting and/or commercial gaming online.

Earlier in the year, upon publication of Q4 and FY 2020 figures, H2 Gambling Capital estimated that revenue of between SEK 613m-724m was gained by companies outside the Swedish licensing system during the fourth quarter. This approximation rose to SEK 2.4bn-2.6bn for the year.