Swedish regulator reports first-half losses

Sweden 2iGaming Business – Swedish gambling regulator Lotteriinspektionen has reported that the country’s regulated market shrunk by more than 3% during the first half of 2014.

Total revenue for the six-month period amounted to SEK19.3 billion (€2.1 billion/$2.8 billion), which is down more than SEK1 billion on the previous year.

The revenue figure also represents the fourth consecutive year of decline in the Swedish national market.

Svenska Spel, the largest operator in the country, reported sales of SEK10.7 billion in the first half, which is a drop of almost 5% on the same period last year.

The operator suffered losses in most of its divisions, with its sports betting operation the only one experiencing growth.


Related Stories from This Week in Gambling:

  • Tribal recognition & casino talk The Ridgefield Press - Three state recognized tribes that are seeking federal recognition could push to open more casinos across Connecticut, which has local officials worried about traffic and land claims in the area. The Golden Hill Paugussetts in Colchester and Trumbull, the […]
  • UK License for Mansion Group Gaming operator Mansion Group has been granted a Remote Gambling Software licence by the UK Gambling Commission (UKGC). The licence will enable Mansion to continue to operate its various online casino services in the UK market. Mansion’s UK portfolio currently features […]
  • Swedish gaming operator Cherry registers full-year loss after online gaming investments iGaming Business - Swedish gaming operator Cherry has registered a net loss of SEK8.2m (€902,000/$1.3 million) for 2013. Cherry said that the loss was due to investing in online gaming operations, with the company having launched the SpilleAutomater.com website and invested in game […]