Latest News

Unlicensed gaming operators report revenue rise in Sweden

Published

6 years ago

November 13, 2018

Niji Narayan

Yggdrasil successfully obtains Swedish supplier licence

Photo Source: fiverr.com

Reading Time: < 1 minute

The latest report published by Swedish gaming regulator – Lotteriinspektionen, for the first three quarters of the year reveals that the revenue of unlicensed operators increased, while that of the licensed operators decreased slightly.

According to the report, gross gaming revenue (GGR) reached €1.5 billion during the period, a 1 per cent year-on-year increase.

However, licensed operators suffered a 2 per cent dip in revenues and their overall revenue reduced to €1.1 billion. State monopoly gaming operator Svenska Spel also suffered a 2 per cent decrease in revenues to €620 million. On the other hand, unlicenced operators got a 12 per cent year-on-year hike and reported a revenue of €436 million.

The revenue of land-based gaming also fell by 9 per cent, while the online sector reported a 23 per cent rise. Sweden’s new gambling regulations will come into effect on 1 January 2019. The country has received 60 license applications, 55 of them for online gambling.

Related Topics:

Up Next

Steve Wynn moves court against Wynn Resorts and the Massachusetts Gaming Commission

Don't Miss

Iron Dog Studio launches The Curious Cabinet slot

Niji Narayan

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.