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Digital compensation offsets onshore closures as SGA reports 5.1% revenue growth

Licensed gaming companies in Sweden earned revenue of SEK 6. 24 billion (£ 2018 . 93 m) in the first quarter of the year, up 5.1% from the SEK 5 billion 94 billion (£ 504. 48 m) recorded in 2020.

According to data released by the regulator Spelinspektionen , online betting and gaming in the three-month period, while Svenska Spel lottery and Vegas slot machines posted increases of 7.7 percent and 24 percent to SEK 3. 93 billion (2020: SEK 3. 65 billion) and SEK 1. 39 billion (2020: $1. 12 billion) respectively .

Charity lotteries ended the quarter less than half a percentage point below SEK 858m (2020: SEK 861m), where dropping bingo 15. 3 percent to SEK 44m (2020: SEK 52m).

Restaurant casinos closed the quarter 88. 4 percent lower, price SEK 6 m (2020: SEK 52 m), with Casino Cosmopol land-based casinos remained closed throughout the quarter and ended the quarter at zero.

At the end of the first quarter, the regulator reported that nearly 63, 000 people were suspended for gambling through This is an increase of just over six percent compared to the previous quarter. By mid-May 2021, the number had risen to almost 64, 000.

101 companies had active licenses in the Swedish market in May 2021 (does not include non-profit licenses). 71 of these were licensed for betting and/or commercial online gaming.

Earlier in the year, following the release of data for the fourth quarter and fiscal year 2020, estimated gambling capital in the second half of the year that revenues of between SEK 613 million - 724 million were received by companies outside the Swedish licensing system in the fourth quarter. This approximation rose to SEK 2.4-2.6 billion for the year.

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