Svenska Spel reported that the company’s land-based Casino Cosmopol and Vegas slot offerings were negatively affected by a “deteriorating financial situation” in Q1, related to tightened consumer budgets and strengthened responsible gambling measures.
Despite these twin pressures, the division experienced a 3% increase in revenue for the three-month period ending 31 March. Svenska Spel said that this was because the retail and land-based casino segments were able to operate at full capacity during the period.
Svenska spel president and ceo patrik hofbauer
The organisation announced that its Sports & Casino division experienced 2% revenue growth year-on-year. The company ascribed this to good progress made in the development in pool games, particularly its Stryktipset and Powerplay offerings.
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 SEK1.94bn the group achieved in the same period the previous year, despite the imposition of new responsible gambling measures.
