Svenska Spell Posts Q1 Report Showing 2% Annual Revenue Growth.
Revenue totaled SEK 1.9 billion ($180 million), up SEK 41 million, with the online business growing 8% during the first quarter of 2023.
The group’s operating profit rose 17m SEK per year to 612m, with an operating margin of 31%, according to the report.
Patrick Hofbauer, president and CEO of Svenska Spell, commented on the results. “Even in uncertain times, we continue to create long-term value for our customers, owners and employees across Swedish sports and society.
“We do this by spending the surplus into the treasury and supporting Swedish sports. It also provides a sustainable and fun gaming experience.”
Last year, Svenska Spell posted SEK 1.92 billion in revenue, with operating profit marginally down to SEK 595 million in 2021.
Revenue rose 1% annually to more than SEK 8 billion in 2022.
The report comes shortly after the company was found guilty of violating advertising laws in Sweden.
The Swedish Online Gambling Trade Association (BOS) complained to regulators after a recurring segment of Svenska Spell saw guests play the company’s Keno and Scratchcard products on TV4, which is available free of charge in Sweden.
By showing people playing games on TV, regulators agreed that Svenska Spell violated the law by not providing consumer protection. And because the segment should be considered advertising, not free programming. Link: 슬롯사이트 순위