Swedish regulator reports first-half losses

Swedish gambling regulator Lotteriinspektionen has reported that the country’s regulated market shrunk by more than 3% during the first half of 2014.

Total revenue for the six-month period amounted to SEK19.3 billion (€2.1 billion/$2.8 billion), which is down more than SEK1 billion on the previous year.

The revenue figure also represents the fourth consecutive year of decline in the Swedish national market.

Svenska Spel, the largest operator in the country, reported sales of SEK10.7 billion in the first half, which is a drop of almost 5% on the same period last year.

The operator suffered losses in most of its divisions, with its sports betting operation the only one experiencing growth.

Elsewhere, ATG saw sales drop slightly to SEK6 billion, Folkspel’s sales decreased more than 16% to SEK$340 billion and IOGT-NTO experienced a fall of 14% to SEK256 million

However, despite the overall decline in revenue, other operators were able to post some sort of growth during the first half.

The national Postcode Lottery (Postkodlotteriet) saw sales increase more than 1% to SEK1.8 billion, while Kombispel experienced similar growth.

source : www.igamingbusiness.com

Share This Article:

More Similar Articles


Please enter your comment!
Please enter your name here