‘End of an era’ as Sweden considers closure of country’s last casino

‘End of an era’ as Sweden considers closure of country’s last casino

Article brief provided by SBC News
  • Viktor Kayed, SBC News
May 7, 2024 8:08 PM

The Swedish government is considering the closure of the last remaining land-based casino in the country.

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A newly drafted proposal will look to take away the rights of state-owned companies to run casinos. Despite being allowed in Sweden since 1994, land-based gambling is only allowed in Casino Cosmopol – a subsidiary of the national operator Svenska Spel.

Until recently, the casino had four venues in the cities of Sundsvall, Gothenburg, Malmö, and Stockholm. However, only the one in Stockholm remains.

The other three were closed – with the most recent being those in Gothenburg and Malmö – after an internal review by Svenska Spel showed that they have stopped being profitable.