Gambling Clear News
Sweden’s Svenska Spel has announced that it is to begin reporting the proportion of revenue it generates from customers with a lower risk of gambling problems. Figures will be published for the first time at the end of August, covering the second quarter at Svenska Spel. The operator will then include this revenue information as
Sweden’s Aktiebolaget Trav och Galopp (ATG) has pointed to growth in its horse racing sector as the key driver in reaching SEK1.3bn (£95.7m/€111.7m/$119.8m) in net gaming revenue (NGR) during Q1. Revenue is the highest ATG has ever recorded in a Q1, as well as a 9.2% increase on the same quarter last year, when it
Sweden’s Svenska Spel reported a 24.6% year-on-year decline in net profit to SEK294.0m (£21.8m/€25.3m/$27.0m) in Q1 as spending increased and revenue slipped 1.0%. Net gaming revenue for the three months to 31 March amounted to SEK1.96bn, down from SEK1.98bn in Q1 of 2023. This came as Svenska Spel only reported revenue growth within one of
Sweden’s gambling regulator Spelinspektionen has banned three operators from targeting players in the country as they did not hold the appropriate licence. Newera Frozen PTE Limited and Aprodi Limited were banned on similar contraventions. Spelinspektionen discovered that both operators organised illegal “skin” lotteries for Swedish players. These lotteries allow players to stake skins, which are
Svenska Spel has lost its appeal against Aktiebolaget Trav och Galopp (ATG) over the use of the phrase “Trav och Galopp” in a new racing product. Svenska Spel’s use of the phrase, which translates to “trot and gallop” in English, was considered by the Patent and Market Court of Appeal to be an infringement on
Kambi Group has signed a multi-year extension to its sportsbook partnership with Swedish horse racing and sports betting operator AB Trav och Galopp (ATG). Under the deal, which extends a relationship that began in 2018, Kambi will provide ATG with its complete sportsbook. This covers sport betting across online and ATG’s retail network of nearly 1,500
Former state-owned gambling monopoly Svenska Spel has appointed Frank Hojem as the company’s new head of communications and sustainability. As part of his new role, Hojem will become part of Svenska Spel’s group management and report to the company’s CEO. Most recently, Hojem held the role of communications manager at Nordic corporate bank SEB. Before
Gaming technology provider Playtech is to expand its poker presence though a new deal with Swedish state-owned gambling business Svenska Spel Sport & Casino. Svenska Spel has launched Playtech’s poker offering and ipoker network. This is part of the operator’s strategy to “modernise and improve” its poker product. The updated offering brings a number of
Swedish gaming operator Kindred Group has confirmed that chief marketing officer Elen Barber and chief commercial officer Anne-Jaap Snijders have both resigned from the company. Alongside former CCO and current interim CEO Nils Andén, Barber and Snijders led a review of Kindred’s commercial and marketing operations in the second half of 2022. Kindred said that
In Q1 2023, former state-owned gambling monopoly Svenska Spel announced a 2% increase in revenue to SEK1.98bn (£160m/ €180m/ $190m) compared to the SEK 1.94bn the group achieved in the same period the previous year, despite the imposition of new responsible gambling measures. Svenska Spel reported that the company’s land-based Casino Cosmopol and Vegas slot
