{"id":6565,"date":"2023-04-26T00:00:00","date_gmt":"2023-04-26T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/svenska-spel-has-a-pale-glow-in-its-operating-profit\/"},"modified":"2023-04-26T00:00:00","modified_gmt":"2023-04-26T00:00:00","slug":"svenska-spel-has-a-pale-glow-in-its-operating-profit","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/svenska-spel-has-a-pale-glow-in-its-operating-profit\/","title":{"rendered":"Svenska Spel, has a pale glow in its operating profit"},"content":{"rendered":"<p><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/poker-news\/swedish-gambling-monopoly-is-over\" target=\"_blank\" rel=\"noopener\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Svenska Spel<\/span><\/span><\/a><\/u><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> reported that the company&rsquo;s land-based Casino Cosmopol and Vegas slot offerings were negatively affected by a &ldquo;deteriorating financial situation&rdquo; in Q1, related to tightened consumer budgets and strengthened responsible gambling measures.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Despite these twin pressures, the division experienced a 3% increase in revenue for the three-month period ending 31 March. <\/span><\/span><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/europa\/igaming-in-sweden-opening-their-gambling-market-to-the-world\" target=\"_blank\" rel=\"noopener\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Svenska Spel<\/span><\/span><\/a><\/u><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> said that this was because the retail and land-based casino segments were able to operate at full capacity during the period.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/svenska-spel-has-a-pale-glow-in-its-operating-profit2.jpg\" style=\"width:100%\" \/><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:small\">Svenska spel president and ceo patrik hofbauer <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The organisation announced that its Sports &amp; 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.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In Q1 2023, former state-owned gambling monopoly <\/span><\/span><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/europa\/sweden-the-gambling-monopoly-that-will-change\" target=\"_blank\" rel=\"noopener\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Svenska Spel<\/span><\/span><\/a><\/u><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> announced a 2% increase in revenue to SEK1.98bn (&pound;160m\/&euro;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.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The organisation announced that its Sports &#038; Casino division experienced 2% revenue growth year-on-year.<\/p>\n","protected":false},"author":1,"featured_media":6566,"menu_order":361,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[299,3161,3160],"class_list":["post-6565","europe","type-europe","status-publish","format-standard","has-post-thumbnail","tag-profits","tag-svenska-spel","tag-sweden","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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