Swedish Gambling Declines In First Half 2014
By Brian Cullingworth, Last updated Aug 29, 2014
National revenues down 3 percent
Sweden's restrictive gambling regulatory regime continues to hobble the industry in the Nordic nation, with Lotteriinspektionen – Sweden's gambling and lottery authority – reporting this week that in the first half of 2014 revenues declined by 3 percent compared to H1-2013.
Only sports betting showed positive results, with all other verticals delivering at best a muted performance.
Lotteriinspektionen reported that the market had been "sluggish", with regulated operators logging gross turnover of SEK19.3 billion, and gaming revenues shrinking by 11 percent y-o-y to SEK7.8 billion.
The regulator's report echoes complaints from state gambling monopoly Svenska Spel, which earlier this month posted a 6.2 percent dip in profits and a decline in net gaming revenues to SEK 2.29 billion in Q1-2014, noting that it intended to apply to the regulator for permission to operate an online casino to bolster its results (see previous InfoPowa report).
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Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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