Gustaf Hoffstedt, secretary general for Sweden’s gambling trade body BOS, believes Sweden’s land-based casino sector could have been profitable if private operators had been able to compete with the Svenska Spel monopoly.
Speaking to iGB’s sister publication GGB, Hoffstedt sees the lack of innovation at Svenska Spel’s Casino Cosmopol as one of the major factors behind its demise.
“Casino Cosmopol remained a monopoly to the end, which meant no competition or innovation,” he said. “If there’s no competition, innovation dies.”
In April the monopoly closed its remaining venue in Stockholm, weeks after parliament moved to end land-based gambling in the country.
