Sweden’s Riksdag has voted decisively to abolish land-based casino gaming, marking the end of an era with the impending closure of Casino Cosmopol’s final site in Stockholm.
This parliamentary decision, announced on April, 2nd, reflects persistent declines in profitability and visitor numbers at the Casino Cosmopol venues, operated by the state-owned Svenska Spel.
This legislative change will become effective from January 1st, 2026, after which land-based casino operations will cease entirely within Sweden.
Svenska Spel, holder of the country’s monopoly on land-based casino gambling, publicly supports the decision, acknowledging shifting market dynamics largely driven by increasing consumer preference for online gaming platforms.
Ola Enquist, CEO of Casino Cosmopol, recognised the government’s rationale but described the outcome as emotionally challenging. “We share the government’s assessment and were prepared for the decision. Nevertheless, it is tough because it marks the end of an era when the Stockholm casino eventually closes.
“Our immediate priority is supporting our employees while continuing to serve our guests responsibly.”
The Stockholm venue remains operational until further notice, employing around 240 people. Svenska Spel confirmed it has commenced liquidation discussions and union negotiations to ensure an orderly and supportive transition for affected employees.
Casino Cosmopol reported 2024 revenues of SEK165m (US$16.9m), a 65% decline compared to 2023, predominantly due to the earlier closures of its Gothenburg and Malmö casinos.
Spelinspektionen, Sweden’s regulator, has previously raised concerns about the potential increase in illegal gambling activities following the casino closures, flagging the likelihood of needing additional resources to manage this risk effectively, echoing similar concerns from the Swedish police.
This imminent closure marks a significant shift in Sweden’s gaming landscape, underlining a broader European trend towards digital gaming channels and highlighting the ongoing regulatory and operational challenges facing traditional land-based models.
