Sweden plans to close down Casino Cosmopol business

The Swedish government has proposed discontinuing the Casino Cosmopol gambling business from state-owned operator Svenska Spel.

On May 7, the Swedish government stated that the casino business “no longer fulfils its purpose,” noting on going challenges preventing Casino Cosmopol from reaching profitability. This includes the closure of two sites at the end of 2023 and ongoing regulatory issues.

As such, the government plans to shut down the business. It maintains that it does not...