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Svenska Spel grows profit despite revenue decline in Q2

16th July 2024 10:58 am GMT
Svenska Spel

Sweden’s state-owned gaming operator Svenska Spel has posted a 5 per cent increase in net profit to SEK499 million for the second quarter of 2024, benefiting from the company's recent restructuring.

The rise in profit came despite a 5 per cent drop in net gaming revenue (NGR) to SEK1.87 billion in the second quarter of the year, which the company attributed to a decline at its Casino Cosmopol business, and the negative impact of strengthened gambling [...]

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