Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.
Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.
The Danish igaming market is small but almost perfectly formed, with its business-friendly approach driving a high number of consumers to use licensed operators, the latest research from the iGaming Business Market Monitor reveals.
Interactive gaming software and services provider GTECH has take a step closer to acquiring International Game Technology (IGT) after confirming the successful pricing of a series of senior secured notes worth a total of approximately $5 billion (€4.4 billion).