Sweden’s online gambling ops cutting advertising spending

Sweden’s gambling operators continue to curb their advertising spending, while the local regulator has fined another online casino licensee for failing to observe proper self-exclusion protocols.

Figures published this week show online casino operator Cherry AB topping the list of Swedish-licensed gambling operators in terms of advertising spending in the month of March. Cherry ranked third on the list with a total outlay of SEK52.1m (US$5.15m), although this represented a nearly 59% decline from the same month last year.

State-run Svenska Spel ranked seventh on the list with an outlay of SEK42.3m, down nearly 50% from March 2019. Unibet’s parent company Kindred Group placed a distant 17th as its spending fell nearly two-thirds to SEK33.2m, while state-run racing and betting operator ATG placed 20th with SEK30m (-11.7%).

The gambling operators’ spending cuts are at least partially due to the suspension of most live sports events due to the COVID-19 pandemic. It’s perhaps not surprising then that Sweden’s Postcode Lottery made a push to grab some market share, resulting in its debut on the March chart in sixth place with ad spending of SEK42.4m.