Sweden: Online Gambling Drove Q2 2021 Industry Growth
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Online gambling in Sweden fueled second quarter double-digit growth in the country. Land-based gaming facilities are almost completely taken off the gambling map in that country, which has its own online gambling industry.
Gambling market in Sweden registered for the three months ended June 30, 2021 SEK6.5 billion ($780 million) in revenue. Online gambling and sports betting operators generated a 13.9% increase compared to the respective three-month period in the year prior. State lottery and slot machine operations accounted for SEk1.4 billion $168 million for Q2 2021. The only land-based casino in Swedish, Casino Cosmopol, reported no revenue due to virus restrictions.
There are 100 companies with active gambling licenses in Sweden. 70 of them offer online casino games and sports betting. Almost 64,000 players exclude themselves from gambling via the national self-exclusion register, Spelpaus. Mr.Green was slapped with a SEK31.5 million fine for failing to comply with the country’s anti-money laundering (AML) regulation.
