Swedish Gembling Companies Report Financial Results For 2018
In 2018, revenue in the swedish gambling market increased by 1.5%, which is due to an increase in the number of offshore gembling operators.
The overall revenue incred to 23.4 billion swedish crowns (£one.9 billion /€2.2 billion / $ 2.5 billion), with annual income from the regulated market decreased by 2.3% to 16.7 billion swedish crowns.
This was due to an increase in the number of unlicensed operators by 12.4% aimed at the local market. Revenues of these companies rose to 6.7 billion swedish crowns. The gambling regulator of the country spelinspektionen noted that a significant part of offshore operators received licenses for the the reorganized market for the country’s gambling business, which opened on january 1, 2019.
Svenska spel, which focused on the regulated market, accounted for more than half of the total income. At the same time, the figure for the the whole year amount to 8.8 billion swedish crowns, which is a decrease of 2.2% compared with 2017. This was due to a drop in income from land games by 9.7% to 6.1 billion swedish crowns, although the online offer of the state operator increased by 20% to 2.7 billion swedish crowns per year.
Ab trav och galopp (atg), which owned a monopoly on the market was reorganized, reported a reduction in revenue by 1.5% compared with last time to 4.1 billion swedish crowns. Thus, the amount of revenue from ground operations decreased by 10.7% to 1.6 billion swedish crowns, while online business demonstrated an increase of 5.2% to 2.5 billion swedish crowns.
The third largest business in the market became the fact that she announced a drop in revenue by 2.7% to 2 billion swedish crowns in 2018. Sales in terrestrial points decreased by 2.3% to 2 billion swedish crowns, and revenues from the online segment fell 25.7% to 28 million swedish crowns. All products fell mainly in the third quarter, however, folkspel reported a 3% increase in the last quarter. Lottery income for the year amounted to 673 million swedish crowns.
The swedish lottery company iogt-nto was reported on the greatest decline in the year, where the revenue fell by 23.7% compared with last year’s performance, up to 242 million swedish crowns.
In 2018, spelinspektionen reported on the trend of the transition of players from land games to interactive. Thus, online games account for 52% of the total market income, including offshore sites, which demonstrates an increase of 12.2% compared with 2017, while ground gambling operations fell by 7.Nine%.
The online casino turned out to be the most profitable sector: income for the thera.7%, after which a segment of online rates should be income to 11.Five%.
Earlier, the swedish gambling regulator sent regular warnings to licensees about the violotion of the established requirements. This time the concerned the bonus system.