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 money is available to reinvest in the sport.

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