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NEWS 26 September 2018

Sweden gambling market growth slows

By Harrison Sayers

Sweden has seen its gambling market growth rate decrease, according to statistics released by the Swedish Gambling Authority.

The market grew by just 1.5% year-on-year, as reported gross gaming revenue after payment of winnings reached SEK11.2bn ($1.27bn) in the first two quarters of 2018.

More worryingly for the Swedish gambling market is that operators with a Swedish gaming permit actually recorded a 1.9% decline in gross gaming revenue, which stands at SEK8.2bn for the year.

Gross gaming revenue for operators without a Swedish permit grew by an impressive 12.5% to SEK3bn.

Increases were recorded in Sweden’s online sector that grew by 13.8%, but they were countered by an 8.6% decrease in land-based revenues.

Svenska Spel, Sweden’s largest operator, reported gross gaming revenue of SEK4.3bn, a 1.3% decline caused by land-based gambling falling by 8.8%, and despite online gambling increasing by 22.6%.

RELATED TAGS: Online | Land-Based | Industry | Financial
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