Svenska Spel will shut On line casino Cosmopol Sundsvall owing to declining business.
Sweden.- Svenska Spel has introduced it will permanently shut its On line casino Cosmopol location in Sundsvall with immediate result.
The determination will come just after a very long drop in visits and the ensuing drop in earnings.
The location was billed as Sweden’s first intercontinental on line casino when it opened in 2001, but the quantity of gamers visiting the casino has fallen constantly above the past 10 many years.
Svenska Spel blamed the downturn partly on the transition of gamers to on the net casinos.
It said all 68 employees employed at the residence would be invited to apply for other employment with the operator.
Svenska Spel President and Main Executive, Patrik Hofbauer, explained: “It is a unfortunate information to have to give to our proficient workforce, but we will have to adapt to prevailing market problems.
“With a constantly declining purchaser foundation, the on line casino in Sundsvall is no for a longer time worthwhile and then it is unfortunately not commercially defensible to keep on to operate the business enterprise.”
The closure will not impression Casino Cosmopol’s properties in Stockholm, Gothenburg and Malmö, despite the fact that all places at the moment keep on being shut owing to the Covid-19 pandemic.
The casinos closed on March 29 and no date has been established for reopening.
The operator has considering the fact that released a retraining scheme, allowing for furloughed staff members to retrain as healthcare personnel.
Svenska Spel observed gaming earnings throughout its business enterprise tumble 9.6 for every cent for the very first 50 percent.