Unlicensed Operators Boosting Swedish Market

November 12, 2018 by

The Swedish gaming regulator has recently released a report that shows gross gaming revenue has increase by 1% against last year to SEK16.8 billion in the first three quarters of 2018.

Licensed operators within the Swedish market reporters revenue of SEK12.2 billion, which is a drop of 2%, while those without a permit to provide services for Sweden saw their revenue rise 12% to a total of SEK4.5 billion. Despite the state attempting to crack down on unlicensed operators in the country, their numbers continue to increase on a wide scale.

Svenksa Spel, a state-run gaming operator reported revenue of SEK6.4 billion for the latest period, a drop of 2%, while land-based casino revenue has dropped by 9%, with online operators gaining a 23% increase in the market.

IOGT-NTO has dropped the most, totalling at 25% to SEK171 million. Of the operators that aren’t owned by the state, the Swedish Postcode Association reported the highest gross revenue of SEK1.6 billion, a drop of 5.1% overall.

The Swedish Racing Totalisator Board, ATG, reported gaming revenue of SEK3.1 billion, with their land-based operating revenue falling by 10%, and their online ventures increasing by 7%.

Online gaming in the country contributed to the total gaming revenue with a 13% increase, while land-based operation contributions dropped by 8%. The new re-regulated, open market within the country is set to launch on the 1st of January next year, and a government report expected for October of 2020 will detail the changes to the new market.

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