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Svenska Spel Q1 Revenues Down as Poker Take Falls 26%

21st April 2010 8:37 am GMT

Swedish gaming monopoly operator Svenska Spel has reported a 4.2% fall in first quarter 2010 gross gaming revenues as a result of reduced customer spending at its Vegas gaming machines, land-based casinos and its internet poker and lottery offerings.

Gross gaming revenues (GGR) in the first quarter fell to SEK5.21bn (€540.3m) from SEK5.44bn a year ago, with net gaming revenues (NGR) amounting to SEK2.33bn, down 3.4% versus Q1 2009.

NGR from Vegas gaming machines fell 16.9% year-on-year [...]

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