Swedish Gaming Company Shuts Down Casino Cosmopol
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Bet you didn't see this coming! Svenska Spel just threw a curveball by announcing Casino Cosmopol in Stockholm will be shutting down, effective immediately. Two words: Game Over. 💢🎲
The stunning decision follows a new wave of ownership directives, which dropped on 24 April. Catch this – the remaining land-based casinos will be slowly phased out, as per the new guidelines, and all operations will cease by 31 December 2025.
Almost 240 employees will lose their gig – goodbye steady income! Union talks are already underway, and a job fair will be set up in Stockholm to help the laid-off workers land on their feet – just like the fairs held in Malmö and Gothenburg.
Casino Cosmopol operated under the watch of a government monopoly for years and needed an official amendment to the ownership guidelines for the closure to go ahead following union consultations. Previous closures include the Sundsvall spot in 2020 and Gothenburg and Malmö in February 2024.
Ola Enquist, the big cheese of Casino Cosmopol, shared his thoughts:
We're already in talks with the unions to make this rough transition as smooth as possible. When we said goodbye to our pals in Malmö and Gothenburg, we threw them a career fair, and the Stockholm folks will get the same treatment.
Anna Johnson, the President and CEO of Svenska Spel, added her 2 cents:
Casino Cosmopol has been bringing the thrill of casino action to people from all corners of the globe for over 20 years. But times, they are a-changin'.
Swedish Parliament decided to axe all land-based casinos, and they've got a timeline for it too:- Casino Cosmopol's Sundsvall shut its doors in 2020.- Gothenburg and Malmö bid farewell in January 2024.- By April 2025, the Parliament's vote to nix all land-based casinos made it official – the last one will close by 1 January 2026, unless it shuts early.
So, buckle up and hold on tight – casualties will continue until the deadline, unless Svenska Spel pulls a surprise move. And hey, if online gambling is your jam, Svenska Spel's lottery division is booming – $526 million per year, to be precise! Critics, though, warn this might push players towards shady, illegal gambling markets. Stay informed, and make the best choices, mate! 🤙💻
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- By 2025, as stated in the new directives, all remaining land-based casinos, including the recently shuttered Casino Cosmopol in Stockholm, will cease operations, following the closure of locations in Malmö and Gothenburg in 2024.
- Despite the shuttering of Casino Cosmopol, Svenska Spel's lottery division, which offers online casino-and-gambling games, generates an impressive $526 million annually.
- To counteract potential issues arising from the closure of land-based casinos, Svenska Spel has scheduled job fairs for the affected employees, similar to the ones already held in Malmö and Gothenburg.
