US Online Casino SitesUK Online Casino SitesOnline Blackjack Casino SitesOnline Slots Casino SitesRoulette Online Casino Sites

Swedish Gambling Operators Heavily Investing In Advertising

Swedish media research firm Kantar Sifo recently released its report on the advertisement activities of companies in Sweden.

The report looked at 2017 in its entirety and focused on companies that have invested heavily into advertising. Gambling operators turned out to be the biggest players in Sweden’s advertising industry.

While none of the country's gambling operators managed to make it to the top three, three gaming operators were listed in the top bracket and this includes Svenska Spel, which is Sweden's state-run gambling operator.

Considering that Svenska Spel, holds a monopoly over a lot of gambling in the country it is surprising that it spent the equivalent of $58.6 million on various advertising platforms in 2017. This is an increase of 19.6% from its 2016 advertising budget.

The two other gambling operators that focused on advertising are the Kindred Group and LeoVegas. The Kindred Group had a $55 million budget for its advertising push in Sweden, which is a 12.26% increase from 2016. LeoVegas was the company that increased its advertising investment the most. It spent around $39 million in ads, which is an 83.2% bump from its 2016 budget. It has been noted that the most popular forms of advertising for gambling are television and outdoor ads, with online advertising taking the third spot.

Lotteriinspektionen looks to impose new regulations

Sweden’s gambling industry is expected to go through a major change as the gaming regulator has proposed a number of changes to its regulations. This advertising push is thought to be an attempt by gambling operators to establish themselves in the market and capture a bigger portion of the market share before the new regulations come into play. The increase in spending by gambling operators have caught the attention of Lotteriinspektionen – the gambling regulator in the country.

Lotteriinspektionen recently told local newspaper Metro to stop featuring gambling ads from foreign operators on its pages. This was because it was in violation of the country's Lottery Act by advertising and promoting gambling companies that were not authorized to operate in the country. If Metro continued featuring such ads they would be hit with a $31,000 fine.

The Swedish government is finalizing the reorganization of Sweden's gambling market. The new legislation will allow foreign gambling companies to apply for licenses from the Lotteriinspektionen and to operate in a regulated environment. It is currently under review though and it is expected to take effect on January 1, 2019.

Related Articles

EGT Consolidates Position With Key Monaco Casino Operator SBM

Bulgarian gaming equipment supplier Euro Games Technology (EGT) has announced that it has successfully supplied a second large order of

New Jersey’s New Casinos Could Revive Its Struggling Industry

Industry observers expect the two new casinos being proposed in New Jersey to be extremely successful and draw away customers

Floating Casino Lures Back Singaporeans Due To $100 Land Casino Fee

When the Singapore government announced the opening of two casinos in 2010, most Singaporeans got extremely excited as they would