SBC News Voice of the Sports Betting Industry
Having recorded year on year performance declines, Lennart Käll CEO of Swedish state owned gambling operator Svenska Spel has urged the government and national regulator Lotteriinspektionen to introduce new regulations and policies that will toughen Sweden’s gambling framework.
Svenska Spel reported a 2.4% net gaming revenue decline to SEK4.3 billion (£330 million) for the opening six months of 2015. The state owned operator further reported a net income fall of 1.1% on a year-on-year basis to SEK 2.3 billion (£170 million).
Despite its continuing woes, Svenska Spel reported that its 2nd quarter performance remained in-line with corporate expectations as operating margin increased from 20.8% to 22.5%.
Addressing current market conditions Käll commented “we still feel a strong concern about the market’s uncontrolled development. We call for swift and concrete measures from both politicians and authorities to ensure that the Swedish gaming market is healthy and safe.”
In April Svenska Spel governance had urged Lotteriinspektionen Sweden’s gambling regulator to introduce new policies and measures which would toughen the country’s advertising code with regards to online gambling products.
