Industry
January 11, 2023
Svenska Spel CEO Advocates for Restrictions on Fast Loans and a Debt Register
Hofbauer made a review of the goals Svenska Spel has set for the new year with a main focus on tackling problem gambling and lowering the effects of gambling harm. Hofbauer Outlined Several Measures to Fight Gambling Harm in 2023 and Beyond In the official statement addressing customers of Svenska Spel and Swedes in general, […]
Sports
November 11, 2022
Svenska Spel’s Grassroots Initiative Delivered SEK35m to Youth Sports
Swedish lottery and gambling operator Svenska Spel announced that its annual contribution to grassroots sports saw the company distribute SEK35 million ($3.36 million) to 8,567 associations across 73 sports this week. Annual Contribution to Youth Sports The funds under the Grassroots initiative will go directly to youth sports organizations as Svenska Spel marks its ten-year […]
Business
October 27, 2022
Kindred, Svenska Spel and ATG Form Gambling Data Deal
Kindred Group, the leading online gambling operator consisting of nine brands, announced a new collaboration with Svenska Spel and ATG on Wednesday. The trio forged a new partnership that will seek to raise awareness of problem gambling and help reduce gambling harm through dialogue. New Data Will Raise Awareness of Gambling Harm in Sweden As […]
Business
October 26, 2022
Svenska Spel Revenue Decreases in Q3 by 1% to $178.7M
The state-owned company that operates in the Swedish regulated gambling market, Svenska Spel, released its latest interim report outlining the financial performance for the third quarter of this year. Svenska Spel Revenue Dips by 1% In Third Quarter On Wednesday, the company revealed that its net gaming revenue for Q3 this year halted at SEK […]
Casino
October 11, 2022
Slotmill Titles to Now Power Svenska Spell’s iCasino
Svenska Spel Sport & Casino has expanded its content offering with products from Slotmill, a respected iGaming and slot developer. The operator is looking to consolidate its footprint in the online casino space by adding more worthwhile titles developed by prominent studios, the latest being Slotmill. Svenska Spel Doubles Down on Online Casino Svenska Spel […]
Sports
October 5, 2022
Svenska Spel to Support Aspiring Athletes with Scholarships
Sweden’s former gambling monopoly, Svenska Spel, has launched a new initiative to support aspiring pro athletes. The Elite Sports Scholarship program will see the operator pay scholarships to 50 young players. Svenska Spel Will Pay Scholarships to 50 Athletes As announced by Svenska Spel, the state-owned company will fund a total of 50 scholarships throughout […]
Casino
August 23, 2022
Svenska Spel to Contribute $3.95M to Gambling Addiction Research by 2027
The independent council of the Svenska Spel has announced that it will pledge SEK42 million ($3.95 million) to support Swedish research on the gambling industry and gambling problems over the next 5 years. Since 2010, Svenska Spel has given over SEK60 million ($5.6 million) to this type of research and the goal is to make […]
Casino
July 18, 2022
Svenska Spel’s Q2 Revenues Plateaued
Svenska Spel, a Swedish state-owned operator, posted its financial results for the second quarter of the year. The company’s net gaming revenue plateaued but its land-based operations experienced a steady recovery. Svenska Spel Posted Its Q2 Results According to Svenska Spel, the company’s net gaming revenues increased by a single percent during the second quarter […]
Casino
June 22, 2022
Svenska Spel CEO Criticizes Sweden’s Restaurant Casino Industry
Svenska Spel CEO and president Patrik Hofbauer has harshly criticized the lack of control and rules in the Swedish restaurant casino sector in a publication in Svenska Spel’s corporate blog. Hofbauer has called for a change in regulations and points out as one of his main concerns that a person with gambling issues can easily […]
Industry
February 9, 2022
Svenska Spel to Pay $318m Dividend to the Government
Swedish lottery and gambling operator Svenska Spel released its full-year 2021 financial report marking an above expectation performance with a SEK2.9 billion ($318 million) dividend payment to the government. Solid FY2021 Results The state monopoly on lottery and gambling Svenska Spel announced it would pay back to the government the multi-billion dividend to celebrate a […]
