• Home
  • News
  • Casino
  • Two of Sweden’s three casinos could face permanent closure
igamingnext photo
Two of Sweden’s three land-based casinos are at risk of permanent closure, according to a report in Swedish newspaper Göteborgs-Posten.

The Svenska Spel-operated Casino Cosmopol venues in Malmö and Gothenburg are currently at risk, according to the report, and could see the brand’s Stockholm venue become Sweden’s only remaining land-based casino.

According to the report, a decision on the future of the two casinos is set to be made at an extraordinary board meeting tomorrow (24 January).

The information was provided to Göteborgs-Posten by federal lawyer at Sweden’s Hotel and Restaurant Union, and contract manager for Casino Cosmopol, Eva-Lena Ramberg.

Employees are now expected to be told of the upcoming decision and trade unions called into negotiations on Thursday 25 January, according to Ramberg.

“There is still a certain possibility of influence and in the best of worlds our employee representatives can explain the importance of doing something other than liquidating,” she said.

“It is not the only way out of this bad economic situation.”

Around 120 employees would be impacted by the closure in Gothenburg, with a further 105 potentially facing job losses in Malmö.

Casinos closed three days per week

In September last year, it was announced that all three Casino Cosmopol venues in Sweden would remain closed on Sundays, Mondays and Tuesdays following increased competition from the online gambling sector.

“The trend for guests’ visits is towards them mainly wanting to come to us in connection with the weekend,” said Lotta Örtnäs, press manager at Casino Cosmopol operator Svenska Spel, at the time.

“We therefore focus on being open when our guests choose to come Wednesday to Saturday.”

The change came following sustained drops in Casino Cosmopol revenue year-on-year, which saw Svenska Spel’s land-based NGR fall 13.3% to SEK248m in Q2 2023 and 11.5% to SEK247m in Q3.

In addition to increased competition from online operators, Svenska Spel previously said its land-based revenue had fallen following “our strengthened measures at work with duty of care and against money laundering.”

Similar posts