The Swedish Riksdag has approved the government’s proposal to remove Svenska Spel’s opportunity to operate physical casinos. The last land-based casino in Sweden, Casino Cosmopol in Stockholm, is closing by 2026.
Sweden’s parliament has voted to close the country’s last remaining land-based casino, Casino Cosmopol in Stockholm, effective January 1, 2026. The decision follows years of declining profitability and visitor numbers, despite efforts to restructure and reduce operating hours.
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“It should not be a politically assigned task for a state-owned company to operate casinos”, Finance Market Minister Niklas Wykman wrote in an op-ed article in Aftonbladet in May last year.
Casino Cosmopol employs around 240 staff, governed by the Swedish state-owned Svenska Spel. In 2019, the casino generated approximately SEK 200 million ($19 million) in revenue, but the figures have steadily declined due to increasing competition from online gambling.
Svenska Spel also confirmed that it will begin the sales process for the K-labeled property located at Kungsgatan 65 in Stockholm.
The Last Land-Based Casino in Sweden is Closing, reported by Tor Kjolberg