Finance news sponsored by SBTech

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 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.

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