Svenska Spel has sold its last Casino Cosmopol venue to the real estate and property management group Alecta Fastigheter.
The sale was finalised during the festive break, as Svenska Spel divested its ownership of the Casino Cosmopol Stockholm venue, located at Hasseln 1 on Kungsgatan 65, marking the final step in the operator’s withdrawal from land-based casino activities.
Management described the transaction as the “closing chapter” of its Casino Cosmopol business, which was launched in 2001, with the Stockholm venue having served as the brand’s flagship property.
At the start of 2025, Svenska Spel began the wind-down of the Casino Cosmopol business after the Riksdag approved legislation ending state ownership and operation of land-based casinos in Sweden. The decision triggered the closure of Casino Cosmopol venues located in Malmö, Gothenburg, Sundsvall and Stockholm.
Commenting on the sale, Anna Johnson, President and CEO of Svenska Spel, said that the agreement secures a long-term future for the site while strengthening the group’s financial position: “We are pleased to have found a long-term and stable owner in Alecta Fastigheter. The property has an obvious place in central Stockholm, and it is positive that it is now getting new life and being used in a way that creates value for both the city and its residents.
“For us, the deal represents the final step in winding down our land-based casino operations and provides a financial contribution to an already strong Svenska Spel Group.”
Despite the adjustments linked to the wind-down of Casino Cosmopol, Svenska Spel has reiterated its confidence in matching its full-year 2024 financial performance, highlighting the resilience of its core lottery, betting and digital operations as the group completes its transition away from land-based casinos.
The 5,300-square-metre property, which is more than 100 years old, has played a significant role in Stockholm’s cultural and entertainment history. Prior to becoming home to Casino Cosmopol for more than two decades, the building operated as the Palladium cinema, which opened in 1918 as the city’s largest cinema, complete with a dance restaurant in its basement. Over the years, it has also hosted nightclub and concert activities.
Alecta Fastigheter confirmed that it plans to redevelop the historic building into high-quality office space combined with event operations, ensuring the property continues to play an active role in Stockholm’s city centre.
Looking ahead to 2026, Johnson has also backed the Swedish government to undertake a new phase of gambling reforms, focused on strengthening market protections for licensed operators and enhancing consumer safeguards.
Svenska Spel has confirmed that it has submitted 80 “smart-led” regulatory proposals to the Riksdag, aimed at modernising Sweden’s gambling framework while reinforcing channelisation, player protection and regulatory effectiveness.
