Tag Archives: Svenska Spel

Kindred Group has announced a first-of-kind initiative with Swedish state-owned monopolies ATG and Svenska Spel that will see the companies publish data on metrics related to Swedish problem gambling.  The Trio, which accounts for more than half of Sweden’s regulated gambling marketplace, seeks to “contribute to a facts-based dialogue on what is being done to reduce gambling harm”. The initiative …

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% …

Svenska Spel has reaffirmed its commitment to young athletes in Sweden after it announced its Elite Sports Scholarship programme for 2022/23. Providing support for those athletes who combine elite sport with their studies, Svenska Spel has announced that 50 competitors will join the scholarship programme for the coming year. Recipients of the scholarship receive SEK 50,000 (£4,020) as well as ‘active support’ from the Elite Sports Support …

Sweden’s General Election concluded on Wednesday afternoon, as a coalition led by the Swedish Democrat Party (SD), secured a historic victory.  The outcome took three days to declare, as the General Election that took place on Sunday 11 October last year had registered a near 50/50 split on initial exit poll ballots. On Wednesday, conclusive results were announced as the …

AB Trav och Galopp (ATG), one of Sweden’s more prominent and well-established operators, has revealed that its revenue remains lower than in 2021, but maintains faith in a continued bounceback.  As outlined in its interim trading report, the horse racing, sports betting and online casino operator experienced a net gaming revenue decline of 2% between January and June 2022.  The …

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 …

Laying a foundation for its domestic football and FIFA World Cup trading, SkyBet has signed a partnership with Spotlight Sports Group (SSG). Building on a similar collaboration around the Cheltenham Festival, the deal will involve the construction of a ‘start-of season microsite’ for the Flutter Entertainment brand, hosted and managed by SSG and delivered via the firm’s in-house technology.  Editorial …

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 …

Finansdepartementet – Sweden’s Ministry of Finance has notified the European Commission (EC) of its proposed changes to the 2018 Gambling Act.  The amendments follow the conclusion of ‘Spelmarknadsutredningen’ an independent inquiry of Sweden’s re-regulated gambling marketplace in 2020, undertaken by  Social Democrat MP Anna-Lena Sörenson.  Swedish authorities and national stakeholders responded to year-1 developments of the gambling market under Gambling …

Sweden’s Moderaterna Party (Liberal Conservatives) have submitted a provisional mandate to the Riksdag, outlining plans to overhaul the country’s gambling regime. Ahead of the General Election on 9 September, Moderaterna has formed a four-party right-wing bloc that will challenge Sweden’s left-of-centre coalition government led by Social Democrat Prime Minister Magdalena Andersson.  Should it win the Autumn elections and come to power, …