The Riksdag, Sweden’s parliament, has voted in favour of abolishing land-based casino gaming in the country, with the decision set to lead to the closure of the final, state-owned Casino Cosmopol location in Stockholm.
Announced 2 April, the Riksdag said land-based casinos in Sweden no longer serve their purpose. Parliament pointed to declining profitability and visitor numbers at Casino Cosmopol.
Svenska Spel holds the monopoly for land-based casinos gambling in the country. It runs the Casino Cosmopol-branded casinos under the instruction of the state. As such, when the new law comes into effect, no other operator will be permitted to obtain a licence to run their own casinos.
