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ATG to slash costs as horse racing betting decline continues

4th December 2013 7:49 am GMT

Swedish horse racing betting provider ATG plans to reduce expenditure by SEK133m (€15m) in 2014 to help offset a continuing slide in revenue, with the local horse racing industry also targeting cost savings of around SEK116m (€13m).

The company has seen a steady drop in earnings since posting record revenue of SEK13.1bn in 2011, with projected sales for 2013 and 2014 falling to SEK12.1bn and SEK11.8bn respectively, which also means that less [...]

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