All Swedisn-licensed gambling operators reported growth in the first quarter of 2016, “the first time in a long time” that feat has been accomplished.
According to new stats released by Swedish gaming agency Lotteriinspektionen, the overall gambling market’s turnover rose 5% to SEK 5.4b (US $651m) in the three months ending March 31. State-licensed operators reported turnover up 6% to SEK 4.2b, while those rogue international operators severing Swedish punters without a Swedish license improved 5% to SEK 1.1b.
Lotteriinspektionen noted that the country’s regulated market had been on a largely uninterrupted downturn over the past few years until showing signs of life late in 2015. The agency notes with some bitterness that the upturn in locally licensed operators’ fortunes has not been accompanied by a corresponding downturn in international operators, but c’est la guerre.
The state-owned (but not for much longer) betting monopoly Svenska Spel reported total turnover up 4% to SEK 2.3b, with land-based operations up 4% to SEK 1.8b while online operations reported much healthier growth, rising 16% to SEK 488m.