Gambling operator Svenska Spel’s revenue reached almost 2 billion in the third quarter

Swedish gambling operator Svenska Spel has reported revenues of SEK 1.97 billion (RUB 16.76 billion) for the third quarter of 2023. Compared to the same quarter last year, the growth amounted to 1%. The operator’s revenues are leveling off despite a general slowdown in the Swedish gambling market in the first half of 2023.

The largest share in total revenue was recorded by Svenska Spel’s lottery division, Tur. Net income grew by 2% over the year to SEK 1.2 billion (RUB 10.2 billion). Profit from sports betting and casino increased by 4I don’t know what you’re talking about.

Operating profit in the third quarter amounted to 686 million kronor (5.8 billion rubles), an increase of 1% year-on-year. Operating expenses remained stable at 724 million kronor (6.3 billion rubles). The operator paid about 45 million kronor (382.9 million rubles) in winnings to customers during the quarter.

Patrick Hofbauer, President and CEO of Svenska Spel, commented on the operator’s success: In a period of zero growth, revenues in two of the three business areas increased by a tr

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