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Svenska Spel posts second quarter revenue and profit decline

23rd July 2018 8:57 am GMT
Svenska Spel

Swedish state-owned gaming operator Svenska Spel has reported a 4 per cent decline in net gaming revenue to SEK2.08bn for the second quarter of 2018, despite seeing continued growth from its online business.

The company said that the quarter was characterized by strong growth from its mobile channel, which helped online revenue increase 20 per cent year-on-year, as well as better-than-expected results during the FIFA World Cup.

Results were impacted however by a decline in the company’s [...]

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