Tag Archives: Patrik Hofbauer

The third quarter of the year continued to prove difficult for Svenska Spel, as the Swedish firm  reported revenue declines across all verticals. An update from the state-owned operator this morning showed that total net gaming revenue declined year-on-year in Q3, albeit by a marginal 1% to SEK 1.95bn (€178.2m) from SEK 1.97m (€180m). Meanwhile, operating profits fell by 2% …

Swedish state–owned betting, gaming and lottery operator Svenska Spel has revealed that its total operating profit declined during H1 2022, despite overall revenue increasing by 1%. In an interim update released today, the group shared that revenue had declined to SEK 3,898m (€369.5m) from SEK 3,938m (€373.1m), whilst on a quarterly basis revenue also rose by 1% from SEK 1,963m …

Sweden’s Christian Democrat (KD) Party has outlined its intentions to overhaul the rules and standards that govern Sweden’s restaurant casino sector.  KD Minister Roland Utbullt has written an opinion piece on Altinget.se stating that Swedish gambling has a ‘glaring gap in its civic protections’ as restaurant casinos are exempt from duty-of-care rules. Utbullt stated that it was unfathomable that Sweden’s …

Swedish gambling company Svenska Spel has reported a ‘challenging start’ to 2022 in that both revenue and earnings have been affected by pandemic impacts and regulatory developments  during the first half of Q1.  However, as set out in its interim report for January – March 2022, the state-owned group’s focus on gaming liability measures seem to have had a more …

Spelbranschens Riksorganisation (SPER) – Sweden’s Gaming Association has named Maria Wennerberg Sedigh as its new chief executive – who will take leadership of the trade body as of 30 March.     Sedigh will replace CEO incumbent Jenny Nilzon, who has chosen to end her five-year tenure as leader of SPER in order to carry forward her career outside of the online …

The board of Svenska Spel has announced that it will pay a dividend of SEK 2.9 billion (€275m) back to the Swedish government.  The dividend was marked as the headline announcement by Svenska Spel publishing its full-year 2021 results, in which Sweden’s monopoly for lotteries and land-based gaming performed above expectations. Headline results saw Svenska Spel register corporate revenues of …

Svensk Fotboll (SVFF) Sweden’s Football Association, has renewed Svenska Spel as the principal sponsor of Swedish national football teams for a further seven years.  The new partnership, which expires in 2028, will see Sweden’s state-owned gambling and national lottery operator support SVFF civic projects promoting diversity, equality and inclusion of Swedish football. Svenska Spel has served as the principal sponsor …

Svenska Spel has recorded positive Q2 trading, as Sweden’s state-owned gambling operator prepares to reopen all Casino Cosmopol and Vegas arcade venues from lockdown.  Buoyed by strong sports betting activity (+106%), Q2 trading saw Svenska Spel register group net revenues of SEK 1,94 billion (€188m), up 18% on corresponding 2020 results of SEK 1.64 billion – a period heavily disrupted …

Svenska Spel has signed an agreement to become the new main sponsor of the Swedish Women’s Hockey League (SDHL), the Swedish Hockey League (SHL) and HockeyAllsvenskan (HA). The five-year agreement is effective from July 1 this year until June 30, 2026. It represents a historic effort to make Swedish hockey more equal with extra resources being put into the Swedish Women’s Hockey League. Alongside the …

The board of Svenska Spel has proposed an additional SEK 3.2 billion (€310m) dividend to be paid to the Swedish government, to assist emergency services in the fight against the COVID-19 pandemic.  The proposed dividend will be paid directly from Svenska Spel’s corporate accounts, with the transaction scheduled to be sanctioned at the company’s AGM on Tuesday 27 April. “As …