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Casino Cosmopol in Sweden Shut Down Following Financial Woes

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5 years ago

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Casino Cosmopol in Sweden Shut Down Following Financial Woes
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Sweden’s first international casino, Casino Cosmopol in Sundsvall, has been shut down following a decade long struggle to attain break even. There has been a steady decline of the number of visitors in the last decade or so.

At present, there are not enough customers to sustain the business and the board of Svenska Spel has ordered the closure of the casino. There are 68 employees in the facility at the time of closure.

“It is a sad message to have to give to our talented employees, but we must adapt to prevailing market conditions. With a constantly declining customer base, the casino in Sundsvall is no longer profitable and then it is unfortunately not commercially defensible to continue to run the business,” said Patrik Hofbauer, president and CEO of Svenska Spel.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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