Editing Svenskaspel.se

= Svenskaspel.se =

Svenska Spel is Sweden's state-owned gambling company and one of the largest gaming operators in the country. Here are the key points about Svenska Spel:

Background and Overview:

- Founded in 1997 through the merger of Tipstjänst and Penninglotteriet
- Headquartered in Visby, Sweden with offices also in Solna
- Wholly owned by the Swedish state
- Operates in the regulated gambling market in Sweden
- For many years, was the only company permitted to offer online gambling in Sweden

Products and Services:

- Offers a wide range of gambling products including:
  - Sports betting (e.g. Oddset, Stryktipset)
  - Number games and lotteries (e.g. Lotto, Triss)
  - Casino games (online and land-based)
  - Poker
  - Video lottery terminals (Vegas)
- Operates physical casinos under the Casino Cosmopol brand
- Has an extensive retail network as well as online and mobile platforms

Financial Performance:

- Annual revenue of around 7-8 billion SEK 
- Profits are returned to the state treasury

Market Position:

- One of the largest gambling operators in Sweden
- Held a monopoly on many forms of gambling for years before market re-regulation in 2019
- Still maintains exclusive rights to some products like land-based casinos

Responsible Gaming:

- Strong focus on responsible gambling practices
- Offers tools for players to control their gambling
- Conducts research on problem gambling

Recent Developments:

- Swedish gambling market was re-regulated in 2019, ending Svenska Spel's monopoly in many areas
- Company was restructured into separate business areas for competitive and exclusive products
- Has faced increased competition from private operators entering the Swedish market

Social Role:

- Major sponsor of sports in Sweden
- Profits used to fund initiatives benefiting Swedish society

In essence, Svenska Spel remains a dominant player in the Swedish gambling market, balancing its commercial operations with a strong emphasis on responsible gaming and social responsibility as a state-owned enterprise. The company continues to adapt to the evolving regulatory landscape and increased competition in Sweden's gambling sector.