Sweden's gaming regulator Spelinspektionen revealed that online betting revenues are down 3.4% for the third quarter, showing that some of the reported struggles in the country are playing out on paper.
The country's third-quarter gaming revenues amounted to SEK 3.35 billion, down from SEK 3.47 billion in the second quarter. The number is also down from the first quarter, which saw SEK 3.42 recorded in revenues. Several online betting groups have claimed difficulties in the country given Spelinspektionen's odd rules, which have caused cutbacks in gambling advertising as well as lower revenues.
As an example, Betsson's revenues were down 28.7% in the region to SEK 476.7 million, with the group claiming Swedish difficulties as the major factor.
It'll be interesting to see what, if any changes are coming to the Swedish online gaming market and whether or not revenues will stabilize moving forward.