Svenska Spel faces union backlash after announcing Casino Cosmopol closures in two Swedish cities

Svenska Spel faces union backlash after announcing Casino Cosmopol closures in two Swedish cities

Article brief provided by SBC News
  • Ted Menmuir, SBC News
January 31, 2024 8:46 PM

The board of Svenska Spel has been demanded to explain its reason for closing down the Casino Cosmopol venues in the cities of Gothenburg and Malmö.

As announced on 25 January, Svenska Spel, Sweden’s state-owned gambling firm, will shut down Cosmopol venues in Gothenburg and Malmö as part of the firm’s ongoing reorganization of its land-based gaming units.

The decision was taken to “limit losses,” in which Svenska Spel had previously reported that Cosmopol and Vegas arcade units had accrued losses of SEK 52m (€5m) for year-to-date trading.

Svenska Spel expects the closure of Cosmopol Gothenburg and Malmö venues will impact around 200 employees, with whom the company has begun negotiations with trade unions.