Recent acquisitions by Churchill Downs Inc. (CDI) contributed to a 40 per cent increase in net revenue for the first quarter of 2019, with the racing segment posting the strongest growth during the period.
Swedish gaming operator Svenska Spel has reported a 6 per cent drop in net gaming revenue (NGR) to SEK2,058m (approx. €188m) for the first quarter of 2019, following a decline in its lottery and land-based gaming divisions.
Stockholm-listed casino games developer NetEnt has reported a 3 per cent decline in revenue to SEK418m (approx. €38.5m) for the first quarter of 2019, with results impacted by lower volumes in Sweden following the introduction of new regulations at the start of the year.
Stockholm-listed gaming operator Kindred Group grew first quarter revenue by 8 per cent to £224.4m, although the reregulation of its home market of Sweden contributed to a 50 per cent decline in profit after tax.
Stockholm-listed sports betting technology provider Kambi Group has reported a 28 per cent increase in revenue to €21.0m for the first quarter of 2019, benefiting from growth in the recently reregulated Swedish market and its launch in the US.