Svenska Spel maintains its state dividend of SEK 2bn (€155m), despite facing challenging 2022 compliance adjustments across its Swedish business portfolio. Publishing its full-year 2022 accounts, Sweden’s state-owned gambling group saw its net gaming revenues (NGR) stand at SEK 8bn (€722m), registering a 1% decline on FY2021 NRG results of SEK 8.1bn. The stagnant revenue performance reflected stricter customer compliance …
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Svenska Spel pays SEK 2.9 billion goodwill dividend to Swedish government
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 …
Read More »Svenska Spel appoints Nord DDB as lead content agency for TUR division
Svenska Spel has appointed Stockholm-based Nord DDB as its new lead ‘content communications and creative concepts’ marketing agency. A subsidiary of the DDB Worldwide advertising group, Nord DDB will initially work on developing new content-led campaigns for Svenska Spel’s TUR lottery division, promoting its retail brands of Triss, lotto, Keno and Euro jackpots. The agency’s remit has been assigned to …
Read More »Svenska Spel focuses on digitisation to mitigate Cosmopol hurt
The enforced closure of Sweden’s Casino Cosmopol venues continues to disrupt Svenska Spel trading, as the state-owned operator reported a 14% decline in group Q4 net gaming revenues to SEK 2,212 million (Q4 2019: 2,247 million). Svenska Spel has predicted that if Casino Cosmopol venues are to remain closed for a further quarter, it will face a SEK 250 million …
Read More »Svenska Spel delivers on social mandate despite COVID-19 impacts
Svenska Spel has revealed that the remainder of 2020 ‘looks brighter going forward’, after the operator confirmed that COVID-19 had affected group revenues. Publishing its interim results for the period January – June 2020, Svenska Spel reported a 10% drop in net gaming revenues compared to 2019, having fallen by SEK 394 million to SEK 3.7 billion (€356m). Operating profit …
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