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Svenska Spel posts Q1 revenue decline with Online the only source of growth

3rd May 2017 7:05 am GMT
Svenska Spel

Swedish state-owned gaming operator Svenska Spel has seen net gaming revenue drop by 5 per cent to SEK2.16bn (€224m) for the first quarter of 2017, despite growth from its online gaming business.

Revenue in Q1 was impacted by a fall in retail sales and land-based casino spending, as well as unusually high sports betting payouts.

Online revenue grew 6 per cent year-on-year to SEK519m, with mobile revenue climbing 35 per cent. Online represented 24 per cent of Svenska Spel’s [...]

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