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Svenska Spel Q3 “satisfactory” but challenges lie ahead

27th October 2011 8:51 am GMT

Sweden’s state-controlled gaming operator Svenska Spel has reported a 1.3 per cent fall in net gaming revenues for the third quarter of 2011, with growth in numbers games and Tipsen offsetting the decline in Lotteries, Oddset and online poker.

Svenska Spel CEO Lennart Käll described the results as “entirely satisfactory” but acknowledged the primarily role of cost reduction efforts in achieving them.  “Net gaming revenue is continuing to fall as a result of increased competition, which [...]

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