Svenska Spel announced net gaming revenue of SEK 1.97bn ($190m) in H1 2023, a small rise from the SEK1.96bn the business achieved in the same period the previous year. Once costs were considered, this resulted in an operating profit of SEK550m, also a 3% increase from 2022.
The growth came despite online competition eating into the business’ Casino Cosmopol and slot machine segments, which saw revenue fall SEK29m.
Online revenue, on the other hand, grew 9% compared to last year’s quarter, and now makes up the majority (52%) of Svenska Spel’s total revenue.
“We continue to simplify and improve the gaming experience for customers and our focus on sustainable gaming has a positive effect,” said president and CEO Patrik Hofbauer.
