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Svenska Spel cancels dividend as layoffs loom

1st April 2020 8:20 am GMT
Svenska Spel
SBTech

Sweden’s Svenska Spel has become the latest gaming operator to cancel its proposed dividend as it is forced to temporarily lay off staff in the wake of the COVID-19 pandemic.

The state-owned company said Tuesday that it has taken the decision to withdraw its proposed SEK850m dividend (approx. €75m) after discussions with stakeholders.

Although Sweden has not imposed widespread restrictions on movement to combat the spread of COVID-19, it has suspended public gatherings of 50 people or more.

This has led to the [...]

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