Svenska Spel revenues decline in first quarter

Swedish state-owned gambling operator Svenska Spel reported a tough first quarter 2015 saying foreign operators and stringent responsible gambling measures aided a 4.7 percent drop in Gross Gaming Revenue year-on-year and a consolidated operating profit of SEK 1.2 billion, down 4.2 percent.

“Competition is tougher than ever,” commented Lennart Käll, Chief Executive Officer for Svenska Spel.  “This, combined with the responsible gaming measures we introduced last year, means we did not manage to keep the growth rate required to maintain our market share.

“Our most important task ahead is that in the context of a clear responsibility to continue to strengthen the customer offering and customer experience so that it becomes even easier and more fun to play with us.”

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