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Sweden’s Gambling Revenue is on a Decline

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2018 was the last year before Sweden opened up to international gambling. But 2018 was not a good year for the gambling revenue. Sweden’s gambling market was only worth SEK23.4b (US$2.5b) in 2018. It is just a modest 1.5% gain from 2017.

The online revenue was up 12.2% last year, and online casino was up to 13.7% and sports betting up 11.5%. All of these combined, it accounted for 52% of the overall total.

Why 2019 is not a good year for opening up to international gambling?

The facts speak for themselves. Svenska Spel reported 2.2% fall in sales to SEK8.8b. It also suffered a 10% decline in the land-based operations.

Even the ATG horses betting monopoly reported overall sales of SEK4.1b, which is also on a decline with -1.5%. Like Svenska Spel its land-based operations were down by 10.7%.

International License

In January 1, 2019, Sweden got the license for international online gambling. According to Casinopro, operators in Swedish market in 2018 reported sales of SEK6.7b, a year-on-year rise of 12.4%. So, that’s a huge win for the revenue. Online gambling revenue increased  by 5.2%. These international sites helped with the 29% rise of Sweden’s overall market in 2018.

Even the country’s lottery business had a mixed result. Most of the lottery operations resulted poorly last year. The country’s lottery led by Postcode Lottery’s sales failed by 2.7%.  The Folkspel lottery was the only exception. It’s revenue increased by 3% to SEK673m.

The online operators were given a chance till March  to prove their worth. And Minister for Civil Affairs Ardalan Shkarabi gave them a time period within which they needed  to bring noticeable change.

Steps to improve the revenue

Ardalan advised the operators to invest a bit in moderate advertising at least. Consumers in Sweden aren’t aware of  change in laws. They need to understand they have little to no obligation towards the law now.

Hope this year reaped different results, and Sweden sees a change in its gambling revenue.

A multi-lingual talent head, Jimmy is fluent in languages such as Spanish, Russian, Italian, and many more. He has a special curiosity for the events and stories revolving in and around US and caters an uncompromising form of journalistic standard for the audiences.

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Types of  Vape Pens

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Vape pens come in cylindrical shapes and distinct styles. When vape pens came out in the 2000s, it was considered innovative to have a huge battery inside and the microchip being inside the battery. Today’s vape pens have many advanced and latest features inside them. Latest vape pens have features that are found in third generation mods to equip the outdated-fashioned devices with today’s vaping technology power. Vape pens are used mostly by teenagers who are new to vaping. Because these are portable and easy to carry, vape pens are sold in huge numbers every year.

So let’s find out about four distinct types of vapes pens.

Tube Mods

Tube mods are very portable to use. They can fit right into your pocket. A tube mod is easy to fill and very simply used. It just makes you think as if you are smoking a real cigarette. It just has one button to press which makes it very easy to use. The use of sub-ohm tanks in it are sufficient to address your nicotine cravings. Tube mods have very few features to worry about when adjusting them.

Fixed voltage vapes

All vape pens in start had fixed voltage which could not be altered. These vapes have a consistent voltage output. There is no need to play with the settings since it only comes with one option. Just fire the button and enjoy it.

Variable temperature vapes

These vape pens automatically adjust the power output which depends on the temperature chosen by the user. It does so by automatically adapting to the resistance of the coil to eradicate any dry hits. Variable temperature feature has been implemented on the outdated styled vapes too. Not all vape pens have this feature. It is easy to use, available almost everywhere.

Variable voltage vapes

These vapes are the most bought ones. They have a feature that allows you to control the voltage, thus altering the flavor intensity and the smoke cloud. Older models of vapes also make use of this feature but on less powerful batteries. Today’s variable voltage vape pens operate on powerful batteries. You can play around with this vape by increasing and decreasing the voltage over and over again.

Are vape pens good for you?

As we know everything has it’s own pros and cons. Vape pens are user friendly. They are portable and easy to adjust and use almost everywhere.  They come in a huge variety of colors and sizes for you to pick up your favorite combination. They have a more pronounced flavor with a very significant amount of smoke cloud production. You can adjust the amount of smoke if you have the variable voltage vape.

On the other hand, vape pens have short battery life and could be having device issues as well like loose buttons or battery leakage, etc.

Vape pens are affordable for everyone and give you a very good vaping experience. If you are planning to get your first vape pen, you can buy it at Slickvapes.

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