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.

FULL STORY

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