Sweden’s state-owned operator Svenska Spel has reported a minor 4% decrease YoY in quarterly revenue as it kicks off FY2025.
January-March net gaming revenue was capped at SEK 1.876m [$195k], constituting a slight difference when compared to the first three [months] of the previous year (SEK 1.956m).
While minuscule on the outside, Svenska Spel attributed the decline to a major development for Sweden’s land-based industry. This of course refers to the operator’s brick-and-morter Casino Cosmopol properties.
In 2024, there were three operating venues in total for almost two full months at the start of the year, before the Cosmopols in Gothenburg and Malmö officially closed down on 24 February.
